EU - Bullish - At Support Again
So, we see EU at the support area again...
Well, I have the same bias to the upside...
Unless we have a full bearish candle on the Daily or Weekly close under the support is when I will change my analysis...
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Let me show you a great feature in Tradingview that allows you to analyze currency strength and compare different markets.
By setting up a currency strength chart, you can find out which market is leading, who is the strongest mover and which market is the worst performer.
This can help you with market selection and also help you understand what is going on in...
In this video update, we take a look at EURUSD and how we can take advantage of yesterdays daily
momentum on a lower timeframe. The 1hr chart has pulled back into a minor support zone and if
price can show bullish price action we can look for long opportunities into 1.1360.
In this video update, we take a look at EURUSD and how it is moving within the key demand zone.
Price could find buyers here despite the current USD strength and weakness forming in the Eurozone.
The key lows around 1.1200 need to be broken and closed below before confirming any breakout of the structure.
Look for the market to respect the range with any cycle...
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EU almost done with retracement!
Once we get around 38.2 and 50% we will look for entries.
See the full details in video
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First of all, we need to understand what momentum actually means but this is straightforward.
Momentum = Trend strength
To improve your foundation in technical analysis, it pays off to look at trend strength, angles of trending structures and if you can spot a change in the sentiment.
Whether you are a trend-following or a reversal trader, those skills are...