Hey all!
Clean chart and some of the well known indicators added.
Well, we are in a mid-term downtrend like all we know.
We have 2 important levels to keep an eye on: 1.07825 & 1.06736
If one of them breaks then that's the way we are going to.
Price is already under the MA100 and heading towards MA200, I usually use last 14 day MA and its almost crossed with 100, so in my opinion its "mid-term" downtrend.
If MA100 will cross 200 then I would call this move a real "downtrend",
At this point the price is moved heavily by the US debt negotiations (NEWS) and what is happening in EU (Germany falls in "recession").
I took yesterday before market closing this trade and lets see how it goes. Its not for day traders or scalpers, little bit longer idea :)
Its a little bit like a gambling, because everything may happen in the long weekend!
Here where I live we have a saying: the brave wolf's chest is full of bullets! - live with that in Your mind and all the chickens will fall :)
I will keep it updated :)
Trade safe and stay sharp!
Clean chart and some of the well known indicators added.
Well, we are in a mid-term downtrend like all we know.
We have 2 important levels to keep an eye on: 1.07825 & 1.06736
If one of them breaks then that's the way we are going to.
Price is already under the MA100 and heading towards MA200, I usually use last 14 day MA and its almost crossed with 100, so in my opinion its "mid-term" downtrend.
If MA100 will cross 200 then I would call this move a real "downtrend",
At this point the price is moved heavily by the US debt negotiations (NEWS) and what is happening in EU (Germany falls in "recession").
I took yesterday before market closing this trade and lets see how it goes. Its not for day traders or scalpers, little bit longer idea :)
Its a little bit like a gambling, because everything may happen in the long weekend!
Here where I live we have a saying: the brave wolf's chest is full of bullets! - live with that in Your mind and all the chickens will fall :)
I will keep it updated :)
Trade safe and stay sharp!