About meAn Actuary in progress, an investor and a trader hybrid.... Always learning and applying knowledge to reality. Will start publishing as status states. On here, to learn, share and apply new techniques.
Joined a year ago
Will start to publish ideas in June, till then KEEP LEARNING!
Hey guys EURUSD on the weekly looks short backed by:
1) Week close on a Inverted hammer in an uptrend...foreshadowing a downtrend
2) Top resistance it rejected
3) RSI is overbought therefore signalling a sell
4) Trend to 38.2 fib is broken
Furthermore, we can see we have two supports, one horizontal and one ...
I am just starting to improve my knowledge and not at all advising to place any trades.
I think it is very good opportunity to go long since it has opened above the support line and also the technology has been consistently doing well.
A caution to take here would be that the following signal may be parallel to ...
Previous support is likely to be a resistance,
I am learning so there are no trades placed here. I believe it is likely to reach the 38.2 Fib Retracement if not higher.
Finally it is a bit late to trade in now but let's see....
Leave you comments on what you think.