福 - fú
It stands for 'Happiness, Luck, Blessing and Fortune' in Chinese.
The purpose of starting this insights sharing is to show another perspectives of how I view the market.
I welcome feedbacks/discussion/criticism!
Price have been well supported. Selling does seems drying up, seems like an good opportunity to go in at this price level with an wider stop due to the upcoming news release that might spike.
Another way is to wait after the news have settled down with an bullish candle to prevent the huge spikes.
Price is at very strong support levels now. This area could be a price level to hold if we will to see price going up, if not we will see it hitting the next one.
IMO, we can give this some time to show its true intention before going in.
Too steep a bullish movement for this pair, I personally do not like when pairs move in such speed rather that is smooth trend gradient.
Becareful if you were to long and not to short too early, its still not favouring a sell yet but we will see it soon.
We will have FED Fund Rate annoucement soon, it will be fireworks for XXX/USD Pairs and USD/XXX pairs!
Price is trading nicely in the range, its too early to determine where this will be going but watch closing if the support level will hold.
A nice bull flag is forming in the bigger picture. I will be bullish long term!
Price is stuck in this range, going up and down, levels to watch is the resistance and support of the trendline.
I will be more inclined to go long on this as the bigger trend is more favourable to go long!
Bulls are looking for reason to long this pair, any positive news will be good reason for them to enter long. However the weird thing is, the price cant seems to support this theory of 'Bullish Euro'.
We will see price sliding down even further, it does not matters what the news about the election will be, EURO will not be as bullish as it is in 2017.