EURUSD Time for $$$ Give back what it took from EUR
EURUSD is one of most traded pairs not # 1 but top 5.
and because of that people think it is a easy pair to trade Not really if you really pay attention
this pair is as indecisive as "Adrain Monk" (LOL)
but jokes a side. this pair is all over the place reason...... Just be a fly on the wall of TV chatroom and you understand.
lets get to business
****************************EURUSD Bullish ****************************
1. First week of 2017 EU reached LL @ 1.0340+/- since then its been New HH and New HL
2. on March 21 Price broke the Last High and
3. shortly after that confirmed it with New High
4. MA 50 crossed MA 100 Following with MA 20 Crossing both MA 100 and MA 50
5.on March 27th Down trend line was rejected but for past 3 days it has been halted between 1.0620-1.0680
6. resulting in 2 pin bars yesterday and today
7. the two pin bar are sitting on MA 100
Now I am not in the trade yet WHY Simple I NEED CONFORMATION.
I have buy signal (PINBAR) But market is not Completely Oversold yet
SSSS is still strong losing its momentum but not enough. SO, I will wait
and watch to see what happens tomorrow .
and because of that people think it is a easy pair to trade Not really if you really pay attention
this pair is as indecisive as "Adrain Monk" (LOL)
but jokes a side. this pair is all over the place reason...... Just be a fly on the wall of TV chatroom and you understand.
lets get to business
****************************EURUSD Bullish ****************************
1. First week of 2017 EU reached LL @ 1.0340+/- since then its been New HH and New HL
2. on March 21 Price broke the Last High and
3. shortly after that confirmed it with New High
4. MA 50 crossed MA 100 Following with MA 20 Crossing both MA 100 and MA 50
5.on March 27th Down trend line was rejected but for past 3 days it has been halted between 1.0620-1.0680
6. resulting in 2 pin bars yesterday and today
7. the two pin bar are sitting on MA 100
Now I am not in the trade yet WHY Simple I NEED CONFORMATION.
I have buy signal (PINBAR) But market is not Completely Oversold yet
SSSS is still strong losing its momentum but not enough. SO, I will wait
and watch to see what happens tomorrow .
Comment:
Bad news for $$ helping EUR to gain some POWER to higher price. I am waiting for one more conformation then I will be on a Bullish side of EURUSD