Good Day Everyone!
Made some analysis regarding EUR/USD.
Color Legend:
Purple - Monthly
Blue - Weekly
Red - Daily
Green - 4 Hour
White - 1 Hour
To get "straight" to the point.
First look on the daily is showing us a strong Up trend, confirmed by a cross of the 200 EMA. Now ideally we can wait for a re-test of that area,
the Daily closing candle is a Inverted Hammer/Shooting star. Usually a sign of a trend reversal, I'd wait for a confirmation of the uptrend, although I'm confident in its continuation.
Regarding the Daily, a retracement is possible, and expected, to confirm the trend.
We closed the 4H with a doji/spinning top. Sign of an undecisive market. 4H showing clearer sign of a possible retrace towards 1,10640
The 1H is showing us an inclination to a continuation of the Bullish sentiment. We closed with a Inverted Hammer. It's a clear sign of a reversal, possible retrace.
Expecting to retrace to 1,10640 as mentioned before, after finding support it is expected to continue in the upward move.
On the 30min we can see 2 tweezer tops. Confirming the previous bullish sentiment and a trend continuation.
Pivots are supporting the expected move towards 1,10640 - 1,10675 as there is a S1 Pivot Support on the hourly in those areas.
Please DO leave a comment, if you see it differently or if you agree. Possibly if i missed something feel free to leave a comment!
Every feedback is appreciated, after all we are learning something new every day!
Disclaimer: This is not a tutorial! Neither a Signal, please take care of your accounts and manage your risk well when trading/investing!
If you are a beginner or a pro doesn't matter, feel free to join our free trading group where we are putting together interesting, educating content for traders like you & me!
Everything free of charge as I feel its my duty to slam a hammer on the fake gurus out there who charge ridiculous amounts of money for their courses and in the end it leaves you in the RED!
Made some analysis regarding EUR/USD.
Color Legend:
Purple - Monthly
Blue - Weekly
Red - Daily
Green - 4 Hour
White - 1 Hour
To get "straight" to the point.
First look on the daily is showing us a strong Up trend, confirmed by a cross of the 200 EMA. Now ideally we can wait for a re-test of that area,
the Daily closing candle is a Inverted Hammer/Shooting star. Usually a sign of a trend reversal, I'd wait for a confirmation of the uptrend, although I'm confident in its continuation.
Regarding the Daily, a retracement is possible, and expected, to confirm the trend.
We closed the 4H with a doji/spinning top. Sign of an undecisive market. 4H showing clearer sign of a possible retrace towards 1,10640
The 1H is showing us an inclination to a continuation of the Bullish sentiment. We closed with a Inverted Hammer. It's a clear sign of a reversal, possible retrace.
Expecting to retrace to 1,10640 as mentioned before, after finding support it is expected to continue in the upward move.
On the 30min we can see 2 tweezer tops. Confirming the previous bullish sentiment and a trend continuation.
Pivots are supporting the expected move towards 1,10640 - 1,10675 as there is a S1 Pivot Support on the hourly in those areas.
Please DO leave a comment, if you see it differently or if you agree. Possibly if i missed something feel free to leave a comment!
Every feedback is appreciated, after all we are learning something new every day!
Disclaimer: This is not a tutorial! Neither a Signal, please take care of your accounts and manage your risk well when trading/investing!
If you are a beginner or a pro doesn't matter, feel free to join our free trading group where we are putting together interesting, educating content for traders like you & me!
Everything free of charge as I feel its my duty to slam a hammer on the fake gurus out there who charge ridiculous amounts of money for their courses and in the end it leaves you in the RED!
