EUR/USD trading plan

Weekly timeframe suggests bullish move

On the daily timeframe, there is a suggestion of a bearish move, but it is not as strong as the bullish move indicated by the weekly timeframe. This is because the weekly timeframe tends to attract institutional investors, and the three inside down pattern on the daily chart is imperfect compared to the three inside up pattern on the weekly timeframe.

We will base today's EUR/USD trading on the price action observed on the H1 time frame.:

On the H1 timeframe, the pair has previously experienced a similar bullish retracement. To continue the bearish trend, it must break below the last bullish candle. Therefore, we will enter a short position if the previous bullish candle is broken to the downside. Conversely, if it breaks to the upside, we will enter a long position.