EUR/USD Battle Plan 08/01/2019

FX:EURUSD   Euro / U.S. Dollar
Turtle Trader inspired trend following strategy, buying strength and selling weakness.

Market locked in a range with a high close above the upside limit on 07/ 01 and an expected pull back on 08/ 01 . 09/ 01 will see the market follow up on a move to test 1.15 or pull further back into the historic range.

Trade opportunities for a trend trader are buying a break of 1.15 betting on a move further to the upside to retrace into the prevailing weekly downtrend before looking for a long term break to the downside to continue following the prevailing weekly down trend.

Upside scope limited likely to 1.18 where major resistance is present creating an opportune time to follow the market short again to test 1.13 and lower.

More analysis to follow soon.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About 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