Hello traders,
I've traded forex mainly and this is my view by Spartan 1-2-3 setup Trading Forex (by Nikos Mermigas).
My view shows me that the EU is sideway status, actually the angle accumulation. Below is supported by the Weekly TF. Above is resisted by the resistence trendline + double EMA 12/36 + below EMA 200. In addition, I saw price was spiked in nearly W1 support and formed 2 bottom pattern, maybe this is a strong reversal signal for EU for midshort-term.
My opinion is neutral now in Daily chart. So, the safe choice is wait for clearly breakout one of both trendline. Secondly, I will trade when price bounces at support for buy and reacts at resistance for sell, with small profit and tightly stoploss.
Best regards,
S.K
(From Spartan Forex Vietnam)
I've traded forex mainly and this is my view by Spartan 1-2-3 setup Trading Forex (by Nikos Mermigas).
My view shows me that the EU is sideway status, actually the angle accumulation. Below is supported by the Weekly TF. Above is resisted by the resistence trendline + double EMA 12/36 + below EMA 200. In addition, I saw price was spiked in nearly W1 support and formed 2 bottom pattern, maybe this is a strong reversal signal for EU for midshort-term.
My opinion is neutral now in Daily chart. So, the safe choice is wait for clearly breakout one of both trendline. Secondly, I will trade when price bounces at support for buy and reacts at resistance for sell, with small profit and tightly stoploss.
Best regards,
S.K
(From Spartan Forex Vietnam)