A significant downward trend, one of the signs pointing to this trend is the red Ichimoku cloud in the graph above.
For two weeks now that eurusd is not making any serious moves, this can be explained by the time we are at the end of August.
The recommendation is to keep an eye out and once there is a break, act with the direction.
See chart. Please note this is the daily chart and market will retrace several times before hitting the level identified in the chart.
Please note that this chart is an opinion based chart only. Please trade at your own risk
Greetings from Vugar.
We compared H4 and D charts in EURUSD, decided that there is good decreasing channel is created.
- What should we do?
* Wait for upper border of this channel and sell from the top.
* Wait for the breakout of this channel to downside and sell massively.
In both case we have to wait yet. EURUSD may be dangerous nowadays.
Brexit still as a fundamental decision of EUR direction. This condition makes traders still wait and see during the deadline. But you know, the spread of this waiting is still in wide area. 1.13 to higher high is profitable for scalping trader.
But, in the other side I'm as earlier trader needs for learn to check and recheck for my analysis.
So, let give me a...
EURUSD appears to be reversing its bearish trend, however it has not yet violated the bearish channel. For these situations I find it best to trade within the channel in case it does not experience a bullish breakout. The entry is set low (expecting pullback) and the SL is set tight. The SL is below the lower trend line. -StampsFX
MASSIVE bullish candle to close the day..
so, whats next?
im personally expecting some sort of pullback because all this buying pressure needs some relief (profit taking)
so, be patient for the market to present a good entry point.
You could sell, grab a few pips etc but im more so waiting to see what the next candle will show.
A solid closure will give insight...
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count or update. Make sure that old one was invalid or possible or...
FX:EURUSD / MEDIUM TERM ANALYSIS
When you try to take a position on the market, always study the chart from different points of view and never forget the 3 rules:
1st: Cuts losses!
2nd: Cuts losses!
3rd: Cuts losses!
- In either case, you should not risk more than 2%/3% of your asset.
- It does not matter if you lose a battle ... the important...