EuroShort
EURUSD - Uptrend momentum
Dears,
We are above the MAs 50 -100 & 200 + my setup indicator provides me guidance that prices are not either oversold - bought.
So, why has my intuition given me the sense that the market shows a possible uptrend momentum - from a fundamental based evidence, the actual momentum & direct relation the with US dollar and US10Y.
From a technical point of view - an important breakout of the dashed line must be broken with a positive retest. Before reaching our second goal line. If Dollar gains strength, we might see a negative retest of the goal 1 level, before going down. However if the dollar continues losing strength, we might see a positive retest to the next goal 3. Which as you might have already seen, will form a double top, which might indicate a reversal and we might start to fall.
Feel free to comment, like and follow my page for more daily information.
Good trading, loses happen, stay motivated one day it will pay.
And use the useful tools TradingView provides you to get as accurate as possible
All the best, take care of you and the people around you.
Kevin C. Best
We are above the MAs 50 -100 & 200 + my setup indicator provides me guidance that prices are not either oversold - bought.
So, why has my intuition given me the sense that the market shows a possible uptrend momentum - from a fundamental based evidence, the actual momentum & direct relation the with US dollar and US10Y.
From a technical point of view - an important breakout of the dashed line must be broken with a positive retest. Before reaching our second goal line. If Dollar gains strength, we might see a negative retest of the goal 1 level, before going down. However if the dollar continues losing strength, we might see a positive retest to the next goal 3. Which as you might have already seen, will form a double top, which might indicate a reversal and we might start to fall.
Feel free to comment, like and follow my page for more daily information.
Good trading, loses happen, stay motivated one day it will pay.
And use the useful tools TradingView provides you to get as accurate as possible
All the best, take care of you and the people around you.
Kevin C. Best
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