Ethan_FX

EURUSD Long

Long
FX:EURUSD   Euro / U.S. Dollar
My trade yesterday looks to have gone to plan.
I got in just after the highest high as illustrated on the chart.
As you can see both Stochastic and RSI proved that the market was being over bought.
This points to a sell.
The resistance at 1.08505 was passed with flying colours but volatility soon started to fade.
Then MACD crossed over which pinpointed my entry point.
It is looking as if things are going to go from overbought to oversold pretty quickly.
I am looking to get a long position when the same circumstances appear but being oversold not overbought (obviously).

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out