HELLOOO TRADERS HAPPY NEW YEAR.
HOPE WE ARE ALL DOING GOOD AND WE ARE STILL HOLDING UNTO OUR TRADES I KNOW IT'S BEEN ABOUT SEVEN WEEKS SINCE WE HAVE BE HOLDING OUR TRADES AFTER TAKING PARTIAL PROFITS. MOVING FORWARD
From last year, we have seen that the FED has said this year, they are going to be cutting intereste rates, and judging from yesterday's NFP, we see the US is being dovish which is signifying that they may likely cut interest rates this year so for me I'm still expecting more upside side for EURUSD.
That's fundamentally technically I said earlier in my previous analysis that the market was going to pullback and as we can see it is pulling back and landed exactly on the support I predicted earlier. Moving forward I will be taking a buy next week because not only did it land on the support, it gave us a funny looking double bottom.
So the following are the reasons for taking or wanting to take a buy.
. It's an upward trend
.Support
.reversal chart pattern
. The market also running stops
. I will then wait for a candle stick pattern for my final confirmation.
VHT YOUR MENTOR SIGNING OUT
HOPE WE ARE ALL DOING GOOD AND WE ARE STILL HOLDING UNTO OUR TRADES I KNOW IT'S BEEN ABOUT SEVEN WEEKS SINCE WE HAVE BE HOLDING OUR TRADES AFTER TAKING PARTIAL PROFITS. MOVING FORWARD
From last year, we have seen that the FED has said this year, they are going to be cutting intereste rates, and judging from yesterday's NFP, we see the US is being dovish which is signifying that they may likely cut interest rates this year so for me I'm still expecting more upside side for EURUSD.
That's fundamentally technically I said earlier in my previous analysis that the market was going to pullback and as we can see it is pulling back and landed exactly on the support I predicted earlier. Moving forward I will be taking a buy next week because not only did it land on the support, it gave us a funny looking double bottom.
So the following are the reasons for taking or wanting to take a buy.
. It's an upward trend
.Support
.reversal chart pattern
. The market also running stops
. I will then wait for a candle stick pattern for my final confirmation.
VHT YOUR MENTOR SIGNING OUT