The actual situation is still confused. Were the main trend is still bearish in the meantime I have strong indications of a reversal up.
In this case after analysing the market I will not take a position now but in anticipation of the suggested move I will look further to my indicators and maybe, if everything is more clear at that time I will take a position long.
In this case after analysing the market I will not take a position now but in anticipation of the suggested move I will look further to my indicators and maybe, if everything is more clear at that time I will take a position long.
Comment:
To be more precise, on the Daily chart I've been watching my multiple stochastics closely during the last days and what I see is a reversing movement. If this is confirmed there will be a strong buy signal on the Daily, which means that on the 4H we will see a clear trend continuation earlier. My strategy is between 70% and 80% correct atm.
Comment:
Here are the following possibilities after the price broke up. The best is to look to buy on dips. But look close to the indicators because there's a chance to see the euro break down again if the coming news this week is not good. All indications are on this chart.
Trade active:
Opened long position
Comment:
Estimated TP 1.11560
Comment:
Based on multiple stochastics trend continuation signal on the Daily chart.
Comment:
Comment:
Extra info: SL or Reversal trade activation at 1.10000
Trade closed manually:
Trade closed at 1.10860 (+8 pips) (reversal risk, unclear)
