EURUSD ANALASYS, MY VIEW
Updated
HELLO ALL,
WHOEVER TOOK THAT TRADE OFF OF THE WEEKLY TRADE LINE, GOOD FOR YOU! 100 PIP DROP ON A TRADE THAT SHOULDN'T HAVE BEEN MORE THAT 15 PIPS OF RISK. RIGHT NOW, EURUSD IS AT THE .50 FIB RETRACE ON THE 1HR AND 4HR CHART AND IS CURRENTLY ABOVE THE 1HR TREND LINE WHICH IS AT ABOUT THE .618 FIB.
FOR THIS COMING TRADING WEEK, LOOK FOR PRICE ACTION EITHER FROM THE 1HR TREND LINE, .618 FIB, OR FROM WHERE IT IS CURRENTLY AT. I SEE EURUSD STILL HOLDING TO THE UPSIDE. USD DATA CAME OUT POSITIVE AND CAUSED THE DXY TO RETRACE SOME. I STILL VIEW THE DXY BEARISH AFTER THE RETRACE. KEEP AN EYE ON PRICE ACTION AND YOUR FUNDAMENTALS FOR THIS COMING WEEK. WE MIGHT GET A TEST TO THAT WEEKLY TREND LINE, OR A TEST AND A BREAK. GOOD LUCK TO ALL!
PLEASE GIVE A THUMBS UP IF YOU LIKE AND COMMENT YOUR IDEAS AND OPINIONS, THANK YOU!
WHOEVER TOOK THAT TRADE OFF OF THE WEEKLY TRADE LINE, GOOD FOR YOU! 100 PIP DROP ON A TRADE THAT SHOULDN'T HAVE BEEN MORE THAT 15 PIPS OF RISK. RIGHT NOW, EURUSD IS AT THE .50 FIB RETRACE ON THE 1HR AND 4HR CHART AND IS CURRENTLY ABOVE THE 1HR TREND LINE WHICH IS AT ABOUT THE .618 FIB.
FOR THIS COMING TRADING WEEK, LOOK FOR PRICE ACTION EITHER FROM THE 1HR TREND LINE, .618 FIB, OR FROM WHERE IT IS CURRENTLY AT. I SEE EURUSD STILL HOLDING TO THE UPSIDE. USD DATA CAME OUT POSITIVE AND CAUSED THE DXY TO RETRACE SOME. I STILL VIEW THE DXY BEARISH AFTER THE RETRACE. KEEP AN EYE ON PRICE ACTION AND YOUR FUNDAMENTALS FOR THIS COMING WEEK. WE MIGHT GET A TEST TO THAT WEEKLY TREND LINE, OR A TEST AND A BREAK. GOOD LUCK TO ALL!
PLEASE GIVE A THUMBS UP IF YOU LIKE AND COMMENT YOUR IDEAS AND OPINIONS, THANK YOU!
Note
Note
ALL RIGHT BOYS AND GIRLS, EURUSD IS CURRENTLY BUMPING UP FROM 1HR TREND LINE AND HAS BEEN DANCING AROUND THE .50 FIB AREA. BE VIGILANT OF PRICE ACTION AND FUNDAMENTALS THAT COME OUT. IT IS IN AN AREA THAT CAN GIVE YOU A NICE LONG WITH VERY LITTLE RISK OR IF IT PLAYS OUT DIFFERENTLY, IT CAN GIVE YOU A NICE SHORT TO 4HR TREND LINE WITH VERY LITTLE RISK WHICH WOULD BE ABOVE THE 1HR TREND LINE.
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SELLTrade closed manually
Closed at 1.1268 from 1.1306 good luck to all!
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