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DogaNalci
Mar 24, 2017 3:49 PM

EURUSD TECHNICAL ANALYSIS 

EURO / U.S. DOLLARICE

Description

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. In capital markets, without money management, you just lose money.
I can now go to analysis.

The requirements of the strategy;
The price must reach the target area (POINT OF X),
RSI level should be in overbought territory.
Price Must have come to X POINT by making Fibonacci and double bottom formation corrections.
Price should be near 200-day moving average.
Price Should be followed for 1, 2 weeks
If there is a discrepancy between these data, the analysis should be reassessed and modified if necessary.



EURUSD, which is on a downward trend resistance line on the daily chart, should be around the 200-day moving average for the next 1-2 week period. Target point; It should have risen as much as it went below the trendline support line. The RSI should come in point of x with corrections as it would be in the overbought territory. If all this happens, this strategy will have 3 goals. According to money management strategies, different levels may change personally. I use the risk-reward ratio at level 3. If you are doing leverage, you should consider this issue much more carefully.

Be safe...
Comments
Irmk
Nice and safe .I ' ll follow you
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