vlad.adrian
Long

EURUSD - Correction over

FX:EURUSD   Euro Fx/U.S. Dollar
724 3 10
Everybody watches and trades Eurusd             for some reason. I believe that this is the craziest non-exotic financial instrument that you can trade, and I believe that the rate of winning traders in Eurusd             is much smaller than the average 5% in FX.
I don't really watch this pair, I occasionally look at it, because the signals that I trade are so rare on the Eurusd             chart that is not worth the time.
This time though, I see a very clear bullish signal at a very strong support level. Look at that labeled candle, the kangaroo tail. Prices usually jump in the opposite direction of the tail. Look at this retest of 1.35000, how little steam left for the bears ( MACD histogram) and how the last days have drawn very weak candles. Until there is a strong up day, theres no confirmation. I allready have a minor long position, but it's insignificant to the account, and I'm going to add after I see an uptick in MACD histogram and a strong day. Until then, this is just preparation.

If there will be confirmation, I'm looking for at least 1.38000, but I expect close to 1.40000.

The weekly has a very nice picture, and actually this is the reason that I looked at the daily chart , after I saw that doji last week in an article on a popular forex site.
snapshot
Ernestuxas
2 years ago
fundamentaly and technicaly speaking this is not the time for the euro to rally to 1,4
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vlad.adrian PRO Ernestuxas
2 years ago
Looking at this chart, I don't believe fundamentals actually work. The swings are crazy and unpredictable
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16.07.2014 stopped out
snapshot
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