TradingView
MarxBabu
Jun 9, 2019 4:17 PM

EURUSD StrongUpTrend No Reversal LongBuyLongSellIndicatorAnlysis Long

Euro Fx/U.S. DollarFXCM

Description

We might feel that as the 30min chart is bit weakening in the EURUSD counter part ,it might come down.
It is not the actual case!
The price may bit come down until 1.13200 below to this there is no down as of now possible.

EURUSD has stong up line hence after this point reversal price will quickly jump to reach 1.3500 and 1.3600 level.

LongbuyLongSellindicator in differrent time frame helped me to analyse this chart.

Script is below if in case you would feel to study the same.

uk.tradingview.com/script/jU78tzAr-LongBuyLongSellIndicator/
Comments
kira322
I love your indicator!
MarxBabu
@kira322, Thank you
meszaros
I agree with your EURUSD analysis, because the indicators seem to give a long entry. But I'll tell you my concerns. With nearly 15 years of analytical experience behind me, I have often seen that markets are rushing forward to a fundamentalist news. However, they do not turn from technical levels to "turning from air". I think that is what we see now. If I calculate the last two D1 ATR distances to determine the W1 ATR distance, then it is clear that this level is not the level of the round. But it is much lower, somewhere in the 1,1000-1,0800 range. I have often seen a faulty indicator prediction in my life. Even more at the same time. Therefore, I would still say that it is not possible to exclude false indicator signals.
MarxBabu
@meszaros, Thank you for your feedaback.
Paul_Mam
Good csll
MarxBabu
@Paul_Mam, Thank you
amit638
Your call using LBLS as always hit the target..
MarxBabu
@amit638, welcome
ajmerv
Good analysis.
RaniNair
Great job, it seems really useful:-)
More