I said at the beginning of this month that trading EURUSD is dangerous this month. So please be careful taking this trade and make sure to have sound money management.
This analysis is just meant to put things into perspective Your comments are welcome
Remember that our ultimate strategy is to go long but we are still heading south towards MS2. Our plan covers the move down with a contingency to become bullish
Bullish signs 1. Correcting from that very strong support area 2. "TS" is rising nicely with momentumand has already crossed the KS. So the guys on the lower timeframes are feeling very happy about this move up ad are still very bullish Bearish signs 1. the trend is still bearish. To become bullish we have to break the critical level 2. now at strong...
It always amazes me how political, economic and other fundamental factors always appear at the perfect time to bring about the technical turns required to keep our charts moving within the laws that we all know and love. I've thought about this issue so deeply that I can now expect fundamental changes in the world according to what the charts are telling me So...
Entry tactics: As usual, we want to enter on a signal. Since today is NFP, I guess we have to take an early signal. So maybe if you choose an M5 chart and wait for price to go into the sell zones and wait for a print of the signal on M5, then that would be nice and safe. So to sell... 1. We must enter the sell zones 2. We must get at least a level 1 signal...
I don't know what will happen after the break but until we break, please be careful
Again, small lot sizes just for practice Don't sit around doing noting while waiting for NFP. Good luck