Forex EUR/USD Daily Video, April 08, 2024

[Sive Morten]

Good morning,

EUR starts the B&B "Buy" setup on intraday chart. Still, due to fundamental background we do not consider yet stronger upside action to 1.0940, suggesting that H&S pattern on 4H chart could fail:

 

[davedubai]

Thanks you Sive,
Yes the conditions are tricky as explained but the itch of trading on Monday is eminent ! Will short EUR at 1.0838-40 SL 1.0855 TP 1.0805
(Profit Pips)35:15(Loss Pips). The trade is timed within 2 hours of NY Open or expires.
Taking it on mini..

 

[davedubai]

Stopped out of yesterday's trade.