Hi guys,
I'm still learning to do some analysis in forex, the main pair which concerns me is EUR/USD, i think it is better to concentrate on one thing an analyze it clearly, than to have loads of pairs and be in panic, right?
As we can see we had a downtrend from april till now and as our lines and fibonacci levels show we had a few times support level tested and the trend goes to the end in the new year. So in addition to this, my thoughts about EUR/USD pair that is going uptrend now, but still we have a lot of news concerning brexit, so it may affect the strenght of the EUR, so if you trade it is better to put SL and TP! and we need to check USDX chart to be sure, but in my opinion it has reached its high level already.
Good critics and comments are always accepted, as I am still a learner!
I'm still learning to do some analysis in forex, the main pair which concerns me is EUR/USD, i think it is better to concentrate on one thing an analyze it clearly, than to have loads of pairs and be in panic, right?
As we can see we had a downtrend from april till now and as our lines and fibonacci levels show we had a few times support level tested and the trend goes to the end in the new year. So in addition to this, my thoughts about EUR/USD pair that is going uptrend now, but still we have a lot of news concerning brexit, so it may affect the strenght of the EUR, so if you trade it is better to put SL and TP! and we need to check USDX chart to be sure, but in my opinion it has reached its high level already.
Good critics and comments are always accepted, as I am still a learner!