Have bias on several possibly intraday captures for the EURUSD; as I suspect price is ranging between my levels indicated in blue and red. this is because price may be ranging between the two, and using my current methodology aim to exploit and capture price fluctuations at low risk and gain moderate at at best, high returns. I believe there is a short opportunity...
Have bias to believe that, as trend momentum has been broken, from upwards to downwards on the 4HR/1HR charts for the EURUSD -
but overall may be going long for the Daily and Weekly chart timeframes. I believe price may spike down and hit my levels colored blue for a overall rally on the Daily and Weekly charts. However, I would like to capture price going down...
Lately I've been doing some chart analysis in the market using charts on the Daily Time-frames to identify it's trend. And slowly developing my own trading Strategy ( Semi Auto-Trading Ranging Market Strategy-SATRMS )
So I have identified that the EURUSD had been ranging for the past year or two (since 2015 till to date)
So I took the highest( 1.17143 ) and...
Here is my analysis for next weeks trading plan for EUR/USD
Overall the current trend is a Bearish Trend, as Price levels are below the 100 and 200 Simple Moving Averages that I have placed.
Since i never manage to place a Short Trade, it may be too late and the trend may come to an end :(
so I set up a Ranging Market setup which will help me determine if the...
Went short at 0.86539 (382 Retracement Level) with a stop-loss at 0.87616 and a profit target at 0.83023 (Current Support Level).
Then I made some Prediction on market movement and future entries.
Red Arrows are Short Positions
Green Arrows are Long Positions
Blue arrows are stop-loss areas and Observation areas before making entries.
Mainly using Technical...
