Hey guys,
we made new Highs since 2011 so it's a good sign for EURO for the longer term. But right now, we see that the price bounced back.
Support: Green line
Resistance: Red line.
These both give us an rectangle in which oscillators are working good - buying at the are of the line line gives us good CVR!
It means, by the time the price is at our support, we don't only have the long signal because of the support, but also from like every oscillator (in my chart RSI). Because till than, they're pretty oversold, so we can buy! :)
Just my 2 cents..
Happy Trading and Happy Partying at New Year night! :D
we made new Highs since 2011 so it's a good sign for EURO for the longer term. But right now, we see that the price bounced back.
Support: Green line
Resistance: Red line.
These both give us an rectangle in which oscillators are working good - buying at the are of the line line gives us good CVR!
It means, by the time the price is at our support, we don't only have the long signal because of the support, but also from like every oscillator (in my chart RSI). Because till than, they're pretty oversold, so we can buy! :)
Just my 2 cents..
Happy Trading and Happy Partying at New Year night! :D