-EURUSD Back to the trendline fellas. The trendline is holding strong.
-Our biggest flag/signal today is Wednesday's candle which closed bullish & with a bigger range compared to the 3 bearish candles before it combined.
-This means that the Wednesday's candle singlehandedly set the trend for the week by creating a new high and a new low. Since it closed bullish we look for bull catalysts on intraday levels.
-Thursday's candle also confirms my analysis above by maintaining the low created, pushing up, covering a bit of the range created and closing within it.
-Enough of the analysis EMKioko, what do we do today?
-Sure. OK. Today I'll be eagle-eyed for bullish catalysts upon retracements. My best bet is we going up. If however prices upon retracing drops to below 1.07650, My sentiments will change as a new low will have been created and I may start hunting for sell signals instead.
That's all. Good luck in the markets today fellas.
-Our biggest flag/signal today is Wednesday's candle which closed bullish & with a bigger range compared to the 3 bearish candles before it combined.
-This means that the Wednesday's candle singlehandedly set the trend for the week by creating a new high and a new low. Since it closed bullish we look for bull catalysts on intraday levels.
-Thursday's candle also confirms my analysis above by maintaining the low created, pushing up, covering a bit of the range created and closing within it.
-Enough of the analysis EMKioko, what do we do today?
-Sure. OK. Today I'll be eagle-eyed for bullish catalysts upon retracements. My best bet is we going up. If however prices upon retracing drops to below 1.07650, My sentiments will change as a new low will have been created and I may start hunting for sell signals instead.
That's all. Good luck in the markets today fellas.
Comment:
Last trade for the week. Till we meet next week
Last trade for the week. Till we meet next week
Comment:
And i was stopped out. We meet again next week
Comment:
This last trade would have actually been a winner to the patient trader. Exited with 5 pip loss cause i wasn't ready to sit on a friday evening looking at chart
See how it goes 1