Unique4xPro
Long

EURUSD the Basics of Following the Trend

FX:EURUSD   Euro Fx/U.S. Dollar
Hello traders we sincerely hope you guys saw our NFP warning post and sat on your hands through the NFP number release. It is not worth trying to trade big news releases such as the NFP because regardless of what anyone tells you it is ultimately a gamble. It is best to sit back and watch to see how price reacts to the news release and then try to hop on the resulting longer term trend.
NFP WARNING! Take the Day Off Guys!

With that being said we were previously in a downtrend on EURUSD             forming lower lows and lower highs. During the down trend the most probable trading set ups were to wait for price to break out of short term corrective pullbacks to the downside and then get short to ride price down with the overall trend.

Lately however we have been seeing price form higher lows and higher highs and break above previous lower highs from the downtrend, this is might tell us that the trend is changing. We also have a HUGE miss on NFP which is bad for the dollar and that is why we are seeing major upside movement on foreign leading currency pairs. NFP has the ability to spark long term bigger picture trends and we may be witnessing the spark of an uptrend on this pair and other foreign leading currency pairs.

For these reasons if we see a bit of a slow downward moving corrective pullback that finds support near the 1.2200 level we can look to buy the break out of the pull back for another move to the upside in an attempt to ride with the underlying trend.

If you like what you see here make sure you subscribe to our YouTube channel and tune in to our educational live streams every Monday, Wednesday, and Friday at 7 p.m. standard eastern time. https://www.youtube.com/channel/UCqEIrcVtJYb1WBCH7xmaIdQ
ChatchaiVong
6 months ago
thank so much
Reply
Unique4xPro ChatchaiVong
6 months ago
No problem buddy
Reply
ChatchaiVong Unique4xPro
6 months ago
please , update again. open order , thank so much
Reply
Unique4xPro ChatchaiVong
6 months ago
If we take a position next week we will post it ... we will be discussing this pair in our live stream tonight on YouTube..
Reply
ChatchaiVong Unique4xPro
6 months ago
ok, thank you .
Reply
ajithadsence
6 months ago
very good analysis
Reply
Unique4xPro ajithadsence
6 months ago
Thanks hope it was insightful for you
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out