EUR/USD_trading setup for this week ( valid until 10/02/2017)
Hi fellow traders,
There is a lot of discussions about EURUSD recently and the trading opinions about this pairs is also various.
My trading setup for this pairs is just based on the time and momentum thereof for this week in conjunction with the fundamental point of view.
In a technical point of view at D1 TF, EURUSD has just made a move from the recent bottom at 1.0340x to 1.0827x and met there its resistance. Where to move in the coming time, we can see in two scenarios, so the first scenario one we go long if the H1 candle closed above 1.08000.
The second scenario one we short EURUSD, if the H1 candle closed below 1.07060.
I arrive at this conclusion according to the PA and sentiment of the markets, in which a pop up for EURUSD can potentially be occurred, if at H1 candle the price make a new high to the previous peak one and no further lower low to see, then it would be a good confirmation for a long.
So reversely we will have the bear scenario, in which the H1 candle will be closed below 1.0760 and there will be a new lower high and lower low.
Just take your look at the depicted and described chart for your reference.
Trade well!
m2m
There is a lot of discussions about EURUSD recently and the trading opinions about this pairs is also various.
My trading setup for this pairs is just based on the time and momentum thereof for this week in conjunction with the fundamental point of view.
In a technical point of view at D1 TF, EURUSD has just made a move from the recent bottom at 1.0340x to 1.0827x and met there its resistance. Where to move in the coming time, we can see in two scenarios, so the first scenario one we go long if the H1 candle closed above 1.08000.
The second scenario one we short EURUSD, if the H1 candle closed below 1.07060.
I arrive at this conclusion according to the PA and sentiment of the markets, in which a pop up for EURUSD can potentially be occurred, if at H1 candle the price make a new high to the previous peak one and no further lower low to see, then it would be a good confirmation for a long.
So reversely we will have the bear scenario, in which the H1 candle will be closed below 1.0760 and there will be a new lower high and lower low.
Just take your look at the depicted and described chart for your reference.
Trade well!
m2m