OANDA:EURUSD   Euro / U.S. Dollar
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3
Daily down trend to continue, room for some bullish movement on 4h to meet moving average of the BB before the sell off to test previous support. Pull back has failed to break 60% fib level and strong bearish wicks showing on the daily and 4h. Opinions?
Mar 04
Comment: Caught a new trend or will we see a bounce back from support?

Comments

Agree with your trade, we have the short on too as per our posts!! Your chart is bit busy and difficult to see clearly so perhaps zoom out to show longer period on next post or remove bolingers from graph or delete the volume at the bottom. Cleaner it is to read the easier it is for those on here looking to learn and follow you
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BulmerTrades forexTrdr
@forexTrdr, Hi thanks for the feedback, appreciate it. My next chart will be much cleaner for sure. I've only just started trading which i should probably disclaim on future posts so people don't look to me to learn/follow. Here to share ideas and learn myself from more experienced traders
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4H price is not at a bad support level currently so would have to see if price breaks or bounces. That's just my opinion. Nice analysis though :)
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BulmerTrades ApexFX_Pro
@ApexFX_Pro, Thanks, the New Yorkers are awake now and I hope they are buying the Dollar
+1 Reply
ApexFX_Pro BulmerTrades
@BulmerTrades, They are, I do think the USD is going to weaken in the long run though
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BulmerTrades ApexFX_Pro
@ApexFX_Pro, I agree, once the China trade talks are over and optimism fades the dollar should weaken again
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You asked for opinions. You may have seen mine. On larger time frames I favour probability for the south (which means there is a residual probability for the north).

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BulmerTrades Captain_Walker
@Captain_Walker, Hi, great video i think you're correct there is still some room for more upward movement, but long term bearish, i will definitely play this one cautiously. Thank you for your comment!
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