Possible LONGS on EURUSD Watch when price is near trendline and the horizontal lines.
Long when price hits blue triangle Breakdown of the chart: Time spent on analysis: approx. 10 min Time spent on drawing: approx. 30 min Well worth it.
The current uptrend(see elipse on chart) the last couple of days has made things a bit difficult. I was expecting a temporary pullback. It sure came! But it came way later and way deeper than I had anticipated. Ergo, we have now two potential shorts. Keep in mind, if price decides to ignore the first red area and reaches the 2nd red area, the current long...
Price is already diverging and we have a Nice BARF pattern. SHORT when following criterias are fulfilled: - MACD DIVERGENCE -STOCHASTIC ABOVE 80 OR 50 -PRICE IS NEAR OR IN THE RED BOX/LINE -TOUCHING ONE OF THE TRENDLINES