Hello, I am new to FX trading (started 3 days ago). Tried doing my first serious analysis on EUR/USD chart.
Used moving averages and fib retracement.
I have a feeling that it will hit the first ceiling and then fall, if not that then it could bounce between the two high placed support lines and eventually fall.
Overall could result in multiple buys and one large sell.
What are your ideas on this?
Used moving averages and fib retracement.
I have a feeling that it will hit the first ceiling and then fall, if not that then it could bounce between the two high placed support lines and eventually fall.
Overall could result in multiple buys and one large sell.
What are your ideas on this?