Added description on chart. More description yet to be added regarding yields and other factors.
Hey guys EURUSD on the weekly looks short backed by: 1) Week close on a Inverted hammer in an uptrend...foreshadowing a downtrend 2) Top resistance it rejected 3) RSI is overbought therefore signalling a sell 4) Trend to 38.2 fib is broken Furthermore, we can see we have two supports, one horizontal and one support TL. From this, we can potentially forecast a...
I am just starting to improve my knowledge and not at all advising to place any trades. I think it is very good opportunity to go long since it has opened above the support line and also the technology has been consistently doing well. A caution to take here would be that the following signal may be parallel to the current one before moving up, so a...
First Publication. Previous support is likely to be a resistance, I am learning so there are no trades placed here. I believe it is likely to reach the 38.2 Fib Retracement if not higher. Finally it is a bit late to trade in now but let's see.... Leave you comments on what you think.