Fundamentals :
As the BIG institutions are forecasting for Fed rate cuts in the next few months, the sentimental of the HOT money investors would be affected from it SO they will start getting out from their US Dollar's LONG positions and selling USD Bonds, which will lead for a BEAR US Dollar, and the EURUSD will be affected by DIRECT correlation and take a BULLISH trend for the next quarter until any sudden thing appears and strengthen the US Dollar's back.
Technicals :
We can see an ascending channel on the 4H TF and a BEAR Price inefficiency (Imbalance) so let's long the EURUSD with a TP in the first touch with the Imbalance, but the smartest entry will be based on the ascending channel's support as I mentioned in the CHART the POI area.
RISK MANAGEMENT :
I always tend to give a HIGH reward risk ratio trades idea's, BECAUSE the only thing we can predict 100% sure is the amount of money we're risking, so the trade's outcome in profit should be higher than the risk we are taking to be profitable.
please know that trading is very risky and if you are going to apply the trade idea DO NOT RISK more than 1% of your account.
As the BIG institutions are forecasting for Fed rate cuts in the next few months, the sentimental of the HOT money investors would be affected from it SO they will start getting out from their US Dollar's LONG positions and selling USD Bonds, which will lead for a BEAR US Dollar, and the EURUSD will be affected by DIRECT correlation and take a BULLISH trend for the next quarter until any sudden thing appears and strengthen the US Dollar's back.
Technicals :
We can see an ascending channel on the 4H TF and a BEAR Price inefficiency (Imbalance) so let's long the EURUSD with a TP in the first touch with the Imbalance, but the smartest entry will be based on the ascending channel's support as I mentioned in the CHART the POI area.
RISK MANAGEMENT :
I always tend to give a HIGH reward risk ratio trades idea's, BECAUSE the only thing we can predict 100% sure is the amount of money we're risking, so the trade's outcome in profit should be higher than the risk we are taking to be profitable.
please know that trading is very risky and if you are going to apply the trade idea DO NOT RISK more than 1% of your account.