Here are my thoughts on EURUSD on the hourly time frame.
Sorry i don't use indicators. Only price action to verify my trades.
What are your thoughts. Kindly share them below
Hello everyone,
Today I'm posting this idea, for me it a 4 + Reward.
On daily and weekly frames, gold hit the top of fibbonaci level.
On daily we have already a short candle.
I m already entered in this trade and I'm waiting the new york session, in my opinion that will be the most volatile movement and we can expect testing the next support line around 1600...
Yesterday we saw our L2 push on EU. Today I am expecting the cycle to continue with its L3 push long. Because we are in L2, be ready to trade both ways. L2 is also where resets are most common. Use the DXY to gauge the direction.
#thepowerof3s
#reactdontpredict
Trend is down since beginning of week
Beautiful market structure, drop base drop, over and over
clear break bears in control after high tf strong bear close outside zone ready for another push with NY/London cross volume
I've been watching the pair recently and have noticed that we are in a zone where it is demonstrating crucial price action. It is ranging around the Summer Lows resistance and Mid Month support. Although it closed above the summer lows resistance it seemed to have opened below the price and have been within that range for the day.
A break below the Mid month...
Looking at the 200ema, its clear that the market is in a very strong uptrend. There are few pull backs but still ithe market does not look to reverse any time soon. I am take a long trade on this targeting 30 pis. I have a good feeling abou this.
USD/CAD is consolidating and is trading in a tighter range as time passes. The long term trend for USD/CAD is still up as the price remains above the 100 period moving average and the 200 period moving average but over the short term horizon, the trend is flat as we could see through the flat short term moving averages coupled with the flat Tenken-sen and...
