Hey fellas,
This will be my first article here, and after a lot of training and education in this domain for almost a year, I think it's the right time to share my thoughts with professionals out there.
Let's get straight into the point. So after the bearish trend the EURUSD stated since Feb, traders who enter positions for long terms of time must have gained a lot of profits, but for daily traders like me and others, such phase can be a good opportunity to enter in highs and lows and gain profits in daily or weekly basis.
Speaking of technical indicators a lot popular and non popular indicators admitted that we're still going bear, so EURUSD will keep rallying down more, but till when, we'll talk about this. 5 and 10 MA's show that in small terms of time, and after a new lower high was formed, daily traders still have the opportunity to enter another sell position. And for sure higher MA's like the 20,50,100,200 still admit for a phase. Speaking of MACD and in nutshell, we can see that the MACD line will hit the signal line and it's so much deviated to it. In the current price, candle bars have crossed a PL of price 0.98638, in which, in my opinion, is a major level. There are still a lot more stuff to talk about but I won't get into them so it won't starts to feel boring. But after a very detailed analysis I did. I can still say that day traders like me still have the opportunity to go for a sell position. Now speaking of tp or where will it get in the small or near scope if we can say, depending on a indicator I use its called Nadaraya-Watson Envelope by LuxAlgo, it's very similar to donchian channels and stuff like this. For me, I suggest putting 0.96640, but it's up to you to put what you want depending on the analysis you did.
I hope my article was good enough and has the needed information to mention. Please let me know your thoughts so I can improve. Thx :)
This will be my first article here, and after a lot of training and education in this domain for almost a year, I think it's the right time to share my thoughts with professionals out there.
Let's get straight into the point. So after the bearish trend the EURUSD stated since Feb, traders who enter positions for long terms of time must have gained a lot of profits, but for daily traders like me and others, such phase can be a good opportunity to enter in highs and lows and gain profits in daily or weekly basis.
Speaking of technical indicators a lot popular and non popular indicators admitted that we're still going bear, so EURUSD will keep rallying down more, but till when, we'll talk about this. 5 and 10 MA's show that in small terms of time, and after a new lower high was formed, daily traders still have the opportunity to enter another sell position. And for sure higher MA's like the 20,50,100,200 still admit for a phase. Speaking of MACD and in nutshell, we can see that the MACD line will hit the signal line and it's so much deviated to it. In the current price, candle bars have crossed a PL of price 0.98638, in which, in my opinion, is a major level. There are still a lot more stuff to talk about but I won't get into them so it won't starts to feel boring. But after a very detailed analysis I did. I can still say that day traders like me still have the opportunity to go for a sell position. Now speaking of tp or where will it get in the small or near scope if we can say, depending on a indicator I use its called Nadaraya-Watson Envelope by LuxAlgo, it's very similar to donchian channels and stuff like this. For me, I suggest putting 0.96640, but it's up to you to put what you want depending on the analysis you did.
I hope my article was good enough and has the needed information to mention. Please let me know your thoughts so I can improve. Thx :)