Forex Trading EURUSD H4 (7 Nov 2018)
The above is EURUSD H4 chart. Will be looking for potential short opportunity when price reaches 1.15435 area. If price is bullish and show strong upward momentum, the next potential short opportunity will be around 1.1620 area (previous high).
Let’s wait and see how the chart turns out.
Before entering any trade, always check forexfactory to see if there are any major impact news (red) for the day. Note: Time is GMT (+8).
As we can see from the calendar, there’s NZD high impact news at 4am and 5am. Hence, if you have NZD open positions, please manage the risks for those positions.
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