The chart clearly shows a small uptick of the EURUSD will take the script to higher price in the coming days.
Used 4H time frame for this analysis.
Please note:
I have used the below well received indicator for the Analysis.
"LongBuyLongSellIndicator" otherwise called as LBLS indicator is the one making me to predict the trade side easily all the time all timeframe.
Understanding the long or short move in every time frame is very simple ,Follow the description given in the script description.
CLICK here to check the indicator.
The script is given bottom of this ideas post please check and do not forget to visit my signature field that is next below of this post.
https://www.tradingview.com/script/jU78tzAr-LongBuyLongSellIndicator/
Some Key Rules and Easy to Follow steps ALWAYS:
Long:
Make sure the candle color transitioned from Black to Blue / Red to Green .
The Strength-meters must be always 4 and above within current and previous candle,it is nothing but group of top performing indicators designed by me,Used 7 indicators to predict this.
Minimum 4 or above (Strength-meters 1 2 3 P D Up/Dn Likely ,PSAR,Moving Average , Red STAR ,Yellow STAR ,Green STARs)showing in charts in the current candle or within two candles in Green Color (Red for Short).
Background Color changing from Red to Green(LONG)/Green to Red(SHORT) is the added advantage.
Short:
Opposite of the Long Logic's.
Every Red Every Red BackGround ,Every RED strengthmeters are good sign of Short entry.
In General in chart we have to see a pattern the price is moving HH(HigherHigh) for Long or LL(LowerLow) for short.
Please study the price action techniques to understand the HHHL,LLLH for predicting the market.
This is key to success in market.
Remember :
The LBLS indicator analysis is one of the easiest methods to recognize the price moves and usually quite reliable.
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Remember for right entry point
Remember for Stop Loss
Remember for partial take profit
Remember for closing the remaining profit