H4 time frame analysis:
Hello my all friends Good night for the situation in the H4 time frame, we see that the price has experienced a back-and-forth movement, aka in a sideway state. In fact, we see that the sideway movement has been happening for almost a week, and this is a fairly long sideway movement. And every time there is a longer sideway, the bigger the new trend movement that will be formed later. And in this movement we see that there is still a buy momentum candle there, so there will be an attempt by the price to try to move up again according to the direction of the buy momentum candle. And the data has also been strengthened, which at this time the price has managed to break through and break above the MA50 line, meaning that the bullish trend pattern has re-formed so that the price in the future is likely to be bullish again. And if we look at the shape of the Bollinger band, the shape has started to open up again, the bulls pattern has been formed again. And Next, let’s look at the H1 time frame:
H1 time frame analysis:
Movement of the EUR/USD the H1 time frame, it is clearly observed that the price still tends to be dominated by buyers, this can be seen by the large bullish candle there that occurred yesterday. So the biggest possibility is that the bullish bias trend will continue until tonight and the bullish bias is also directly supported by the moving average indicator with a period of 200, which is still below the current price. That way, I will try to look for opportunities to buy options by taking advantage of the nearest support area.Then, if it continues on the stochastic oscillator indicator, it will also be observed that the price is still above the 20 level line, but in my opinion, it will soon enter the 20 level zone. Now, when the price gets there, I will take the initiative to buy in the yellow box area by placing a stop loss at 1.1338, while the take profit that I want to achieve will be at the price level of 1.1526. So that the risk reward.