fanes
Long

Side movement = Long

FX:EURUSD   Euro Fx/U.S. Dollar
63 0 5
This may be a good opportunity to open a long position, if only considering the long term sideways movement, yet i
would be very careful about the size of the position...

From 1.0862 we could observe an acceleration of the down movement (trading bellow the lower line of the BB50 and higher than the BB20). However on Friday we closed above BB50, in my opinion this shows some weakness .
The Stoch RSI is bellow 20 which allows us to be optimistic about a long position.

The green lines are my targets.

YET!! I was actively trading between 2014 and 2015(down trend) when technical indicators were useless, and only the trend mattered. Should the election of Trump triggered a trend then...we should focus on the trend.
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