In this analyze we are focusing on 4h time frame. As we can see, the price has formed a range and consolidation within a parallel channel on the 4-hour timeframe. Additionally, the price has broken the parallel channel to the downside. If the price retests and reaches our supply area, and shows a bearish rejection, we will execute a sell trade.
Intraday traders can hold until Take Profit 1 or 2, while swing traders can hold for the full move. For now, this is my bias; let's see what opportunities the market provides once it opens.
Make sure to use a stop loss for your trade.
Always use proper money management and proper risk to reward ratio.
#EURUSD 4H Technical Analyze Expected Move.