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Kumowizard
May 19, 2014 12:14 PM

EURUSD - Short term oversold, we may see retracement to 1,3800 

Euro Fx/U.S. DollarFXCM

Description

I don't want to write to much on it.

Daily: Reversal candle on Thursday. Slow Stoch turning up, DMI+ and DMI- are a bit too far from each other.

4 Hrs: Tenkan/Kijun about to give a weak bullish cross signal. Heiken Ashi shows chance for a bullish counter move.

I think we may see a Kumo, Kijun, and previous trendline retracement to ard 1,3785 - 1,3810 levels. There we can look for sell signals as the strategic direction has been possibly turning to bearish.

Depending on your trading style you can play a long from here with stop 1,3692, or cut back your exisiting shorts a bit, or maybe just wait for the retracement and look for sell opportunity again.

Comments
asdq311
asdq311@hotmail.com
Kumowizard
hehehe. nope. vacation is over. It was for a long weekend, 4 days only.
justatrader
Vacation canceled?
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