EURUSD : Moving within Channel & Breakout on Cards !

In Eurusd for quite a while we are channeling and price is moving up & down retesting the trendlines of the channel. Now a breakout will happen either in US or UK session today, I can;t predict exact time :)

There are two ways I'm expecting to trade this downside move,
(i) If Eurusd retests 1.063's after bearish confirmation enter shorts
(Or)
(ii) Straight breakdown of the lower trendline of channel

If upside breakout happens & moves above 1.063's - No Trades
Patience & Proper trade plan is the key for profits !

Kommentera:

Bearish Bat completed - Initiated shorts , check with your trade plan n Enter !