-【10/30 EURUSD eurodollar】(20)
10/30 EURUSD Eurodollar
From entry to settlement, I will summarize the steps and movements.
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October 30 (Mon)
First, recognize the market environment.
4h: The price breaks below the rising swing low, then rebounds upward, and fights around the 38.2% retracement after the latest drop. It also appears to be getting capped by the 4h moving average. As observed before, dollar pairs on the daily time frame tend to have shallow corrections followed by deep pullbacks, so trade with that understanding.
1h: Range play below the moving average. If this range breaks to the downside, the 1h timeframe will also see lower highs, which could attract long-covering positions and accelerate the decline.
At the 15-minute chart level, lows are lining up, so if it breaks down, price action is likely to emerge in the cluster of orders.
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Then observe the finer movements and enter
↓ (entry image)