Swing Trade EURUSD - Simple TA with S&D zone

FX:EURUSD   Euro / U.S. Dollar
Week 23, 3-7 June 2019

FA Stats:
- EUR currency is facing ahead of this week the main refinancing rate 0.00% vs. 0.00% on Thu 6 June, the day of Monetary Policy Statement.
- USD NFP week.

TA Tactics:
- Daily price channel with 7 touches (if the double bottom completes its formation then the particle decline will form, touch 8 is a breakout) + Strong ( Marubozu ) reversal candle.
- 4hour triple bottom (inverted H&S ???)
- RSI Divergence

S&D Zone:
- Demand zone @ 1.1129 (bottom wick on 19 May indicates that the zone is no longer fresh, a revisit to could break)
- Supply zone @ 1.1220 & 1.1258

- Will look for a clear entry on those levels.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out