analyse: if we see....
Updated
The actual situation is still confused. Were the main trend is still bearish in the meantime I have strong indications of a reversal up.
In this case after analysing the market I will not take a position now but in anticipation of the suggested move I will look further to my indicators and maybe, if everything is more clear at that time I will take a position long.
In this case after analysing the market I will not take a position now but in anticipation of the suggested move I will look further to my indicators and maybe, if everything is more clear at that time I will take a position long.
Note
To be more precise, on the Daily chart I've been watching my multiple stochastics closely during the last days and what I see is a reversing movement. If this is confirmed there will be a strong buy signal on the Daily, which means that on the 4H we will see a clear trend continuation earlier. My strategy is between 70% and 80% correct atm. Note
Here are the following possibilities after the price broke up. The best is to look to buy on dips. But look close to the indicators because there's a chance to see the euro break down again if the coming news this week is not good. All indications are on this chart. Trade active
Opened long positionNote
Estimated TP 1.11560Note
Based on multiple stochastics trend continuation signal on the Daily chart.Note
Note
Extra info: SL or Reversal trade activation at 1.10000Trade closed manually
Trade closed at 1.10860 (+8 pips) (reversal risk, unclear)
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