Forex Trading EURUSD H4 (16 Nov 2018)
EURUSD has continue it’s upward retracement move towards 1.1430 area where the down trendline is at. Will price move past 1.1500 (previous high) ?
Let’s check forexfactory to see if there are any high impact news (red) today before coming up with the trade plan. Note: Time is GMT (+8).
As can be seen from the calendar, there are no major USD or EUR news for the rest of today which means we can trade without worry too much on unexpected volatility due to news release.
Trade plan for today is to look for potential short position around 1.1430 area. If price breaks the down trendline, the next potential short area is around 1.1500.
Let’s see how the price react and trade accordingly.
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