Today I was looking the trend EURUSD daily and : If you look the candle of 01/15/2018 , you see a good long candle. But the day before was very strong. On 01/16/2018 we have a Hanging man. Why ? Becouse , yes the trend is long but ...we have a lot of people wanted Sell. The day 01/17/2018, we have a long candle Short and the body is upper from the candle of 01/15/2018. This mean that who win are Short people. I thik go Short. Open 1.2170 with Stop Loss 1.2230 ( Half Candle of 01/17/2018 ) and Target Price 1.2036 that is a goog support. Good luck. Ulisse from Thailand with love
Comment:
Distribution Market about five days. For me who drive the Maket are doing a distribution and preparing a strong Short. If you look a week graphic , you see a beautiful Inverted Hammer. Today I think same before. Go Short when will be broken minimum of candle 2018/01/18 . I want to be upper sure and I will Short 1.2155 with Stop Loss 1.2305 and Target Price 1.2080 about. This is a strong Support. May be ? Yes , I think yes.
Comment:
I finished to look this graphic. The price is going lateral. We will have a breakout. But I dont like to work Breakout. We see next time.