Hello, this is current analysis on EUR/USD. Very simple strategy, Input probability is limited to simple but functional functors such as support and resistance levels, volume profiles, embedded 1D TF and expected volatility analysis.
I am convinced that the corona virus has a big impact on the current decline in terms of the euro or other currencies. It is likely that there may be a fundament that can send markets down again. My probability may fail and the market breaks through the current support on which it is currently, but if the market looks back to its average and gets back to resistance 2, I would enter a short position, as I wrote entering Long is quite aggressive because of the current established Downtrend.
TraderK159
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But personally, I'd rather wait for the market to return to its resistance point 2, and then speculate on the stort position, as entering the Long position is quite aggressive, as you can clearly see that the market as such is established in Downtrend
TraderK159
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Basically yes, it supports support and correspondence with the volume profile, where we are in the second standard deviation, so we expect the market to return to its higher
brunohelius
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@TraderK159, What do you think about the fundamentals on EURO involving corona virus and other stuffs? It will rebounce this week on long?