NBent
Long

Impulsive Corrective Series Hints at potential upside

FX:EURUSD   Euro / U.S. Dollar
EURUSD             has formed a series of impulsive and corrective moves that shows us exactly how much power the bulls currently possess. To clarify, impulsive moves tend to be "strong and fast" while corrective moves tend to be "weak and slow". This directly correlations to the strength of each party's hand. The bulls are in control right now. The push from the bulls are powerful while the pullbacks from the bears only exhibit weakness.

Earlier this week we began a corrective move downwards that looks to be drifting toward the established support at 1.106 - 1.108. This is the same level where the first corrective move met heavy buying interest. This level has proven to be reliable in the past and provides an excellent opportunity to get long for the next impulsive leg.

P.S. Beware of spikes in volatility around NFP this upcoming week.

Like this idea? Hit the thumbs up.
Want more simple trading ideas like this? Follow me.
Post any questions you have in the comments.

Happy Trading,
Nazar.
!!!!!
Reply
Like like like!!!!
Reply
NBent vava
:)
Reply
thanks Nazar for detailed analysis .... BIG like
Reply
NBent hollyman
Thank you :) I appreciate the support.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out