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How Sentiment Impacts TradingAs we have looked over the EURUSD lately its important to reflect on the why, how and what we are looking for in the future. (This would be a video, but I've had a load of mouth injections at the dentist)... So you can how the market rebounds towards our PRE-Determined short zone.. Some of you will remember WELL when I said the sentiment HAS to change and it will come thumping down. Well, that's exactly what's happened. The sentiment twists once again and we look for prices to fall so we can RE long. Look to lightly RE long as labelled 1.046 Area (risk averse Traders) This coincides with various TECH factors and allows you to see a very valid long zone. Looking for next week to assess movement and/or risk / entry / exit. See you soon!
by WillSebastian
4
EURCHF BuyPrice on EURCHF is trending down and hit a major support zone. There is a good probability price will reject off this support zone and pull up. I am a trend trader and the break of structure I labelled indicates the end of the trend and a chance of a reversal. To trade this reversal I need price to pull back and it has. Now I place a buy trade anticipating the market to reverse off the support because the downtrend might have ended. I have a really good risk to reward ratio. Now I remain patient and pray the price trends up.
Long
by StephenAdeniken