Hi Guys,
I share with you the weekly economic analyses I prepared for myself on Mondays. These analyses have targets, entry and exit levels. I constantly re-evaluate the transactions according to the anticipated and actual status of the analysis. Do not forget that these are just analyzes. Monday's analysis is the roadmap I gave to my questions about what I can do this week.
EURUSD is at the level of support I have shown in my long-term analysis. This seems like a good opportunity for longing. The real question is, "Which time is suitable for starting?" Many of the fundamental, such as the ones in Syria and the policies of the US central bank, will determine the direction of the price. RSI level at support level is very important. If RSI confirms double-ball formation at 1.09, a Shorting opportunity will be created. This week EURUSD should be followed very closely.
Please Read very carefully until the end of this post!!!
The requirements of the strategy;
- The price must reach the target area (ZONE OF INTEREST)
- RSI level should be in the oversold territory when the price comes to ZONE OF INTEREST in the daily chart.
- Price Must have come to ZONE OF INTEREST with, Fibonacci retracements and resistance line level which I signed in the graphic.
- Price should be followed very carefully in 1 or 2 week period.
- Monthly, weekly, daily and 4-hour charts must be examined and evaluated individually.
- Fundamentals should be followed very carefully. (FED policies, Syria Situation, Rusia and USA relationships)
- You have to use the option or future market to hedge your strategy or position.
- If there is a discrepancy between these data, the analysis should be reassessed and modified if necessary. “No man ever steps in the same river twice!”
This is just a technical analysis. No one has the ability to know the future.
I prepare the entry and exit levels in my analysis according to my own risk profile. Risk profile and money management are personal matters. Everyone has their own risk perception. You should assess your risk profile and change if it's necessary. Technical analysis; Creates a forecast of the time of entry and exit after the fundamental is completed. In capital markets, without money management, you just lose money. Do not start without knowing the money management because the losses will be much more dramatic if you are doing leveraged trades.
There is a very critical issue. If you do not hedge your positions and strategies, you will be very sensitive to the dramatic movements that can be experienced up and down. You should take a position in options and futures market for this. Futures and options market is a very deep and wide issue. If you do not know how to hedge your position, how to protect your position, how to trade options and futures, do not trade stocks. They will take your money from your hand !!!
Be safe...