I'm not doing anything with this pair until I can recognize a pattern/bias developing...which my eyes are not yet seeing.
Presently, I view this as a pair with a slightly bullish day-to-day trend that appears to have found support somewhere around 1.2024.
hmm, not so sure about that, but we'll see ... no matter what will close my trade at the end of this hour.
I got three charts on my screen: 3H/1H and 30M now also ... hope this helps me to see things better from now on.
On the daily and 4 hour charts it looks like its ready to go down I think, seems like a trading range between 1.17 and 1.20ish
And of course as a day trader, I have been looking primarily at my five-minute chart, sometimes switching to 15-minutes when I desired a wider angle, and occasionally dropping down to the one-minute chart if I felt it was necessary to optimize the timing of an entry or exit.
Normally, at this point I would be debating whether I should buy EURUSD at 1.2038. However, given that I do not have a full 24 hours for the trade to develop, I’m opting not to enter another position for the rest of the day/week. Unless your time limit is already up, best of luck with your engulfing candlestick and down-pointing stochastic, and have a great weekend!
I am once again into the lower tf's giving scalping another try. 10M and 15M should be there to help me. Long 1.20324 aiming for 10 pips