Today I was looking the trend EURUSD daily and : If you look the candle of 01/15/2018 , you see a good long candle. But the day before was very strong. On 01/16/2018 we have a Hanging man. Why ? Becouse , yes the trend is long but ...we have a lot of people wanted Sell. The day 01/17/2018, we have a long candle Short and the body is upper from the candle of 01/15/2018. This mean that who win are Short people. I thik go Short. Open 1.2170 with Stop Loss 1.2230 ( Half Candle of 01/17/2018 ) and Target Price 1.2036 that is a goog support. Good luck. Ulisse from Thailand with love
Note
Distribution Market about five days. For me who drive the Maket are doing a distribution and preparing a strong Short. If you look a week graphic , you see a beautiful Inverted Hammer. Today I think same before. Go Short when will be broken minimum of candle 2018/01/18 . I want to be upper sure and I will Short 1.2155 with Stop Loss 1.2305 and Target Price 1.2080 about. This is a strong Support. May be ? Yes , I think yes.Note
I finished to look this graphic. The price is going lateral. We will have a breakout. But I dont like to work Breakout. We see next time.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.