Market crosses one of my significan SMA for the buy so her we go a second time
Maket is not in the best position or giving any clear indication but my technicals says buy so. Lets see how this one plays out. 50 pip TP and 8 pip SL
FRIDAY WAS A LOSING TRADE. Still anticipating a deep pullbaack on EURUSD below the 1.08800 to about 1.08600 mark, before continuation to the upside. The market makers may also decide to shake out a few retailers like myself before making that move. So another play could be a ranging area between 1.09800 and 1.09200. In tha case buying point would be 1.09200...
Overall uptrend on EURUSD. tried to identify turning points in the markets using various technical indicators. Stop loss very tight at only 8 pips but thats my plan so i do my best to stick with it. Avereage RR will be 4:1 or 6:1. Went long for most of the week but i believe the market is extended and will do a minimum pull back of 80 PIPS. Fridays are...
Looking for a push to the upside based on technical levels. Hoever today is Monday and markets might be alittle bit choppy.
Based on the past two bearish days we've had. I would expect a pullback in and around 1.06000 16200 then continue to or past 103600 with the minimum talking of about 200pips. Otherwise a few days of consolidation then a futher push to the downside.
Market has been giving has beed steadily trending downwards following the high of the last two week until that break down from that zone today. Would be looking for US30 to continue down to 30650 or there about.
Looking for EURUSD to re-test pervious daily/weekly low then wait for possibly bullish momentum later this week . Still bearish for the short term. Looking for pullback to previous low or there about the a further push to the daily low.
Based on my analysis of the trend, I would expect a pull back in or around 63800 the a push down to in and around 62800-62200.