Hello Traders,
Today we focus on Euro and for clarity, we are net bearish on the Euro going forward. Because of this predisposition, we are only looking for short positions and right now we have identified one in the daily chart. In breaking down this we shall consider price ranges and market participation. In this case, volumes play a critical role in our...
Hello Traders,
From Q1 2018, the Euro has been on a run. And yes, a nice steep run where buy holders are turning in a nice profit. There have been bumps along the way and that is normal. However, the thing is, stochastics are in the overbought territory and prices are likely to correct. Going forward, I shall recommend shorts in lower time frames because as it is,...
Hello Traders,
Whenever there is synchrony, chances of making money is often high. At the moment, we are seeing this synchrony. There is a confluence of technical formations in different time frames and that is why I think selling the Euro can be a good strategy. This is why I think this is right. First, as we are taking a top-down approach with the weekly chart...
