robocta

Long, Neutral and Short Zone identification for EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
36 0 1
a year ago
EURUSD             is in major down-trend and in the long term aiming pairing 1.0. Reasons to believe that is slowing down of economy and Europe need for currency devaluation in order to boost economy.

Now in the short term the pair EURUSD             is I believe ending a correction.
In the chart I depict zones to avoid which I believe are roughly between 1.1330 and 1.08.
So I am avoiding and neutral within this range and delegating trading to my quantic automated strategy.

And only considering Long or Short if trading above or below the range respectively.
a year ago
Trade active: EURUSD developped upwards as expected above the descending diagonal @ 1.1330.

I believe the pair may continue higher from 1.1350 a second time before retraces back and resumes main trend.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out