Hello dear friends, another week of trading has come to a close. Let's summarize the past week's transactions with Karina and discuss our new strategy!
As Karina mentioned in last week's analysis, the EUR is currently in a recovery phase with a corrective trend, receiving support at the level of 1.055. However, breaking through the resistance at 1.070 seems...
The price broke out of the wegde, but got knocked in again by the 50 SMA and has now formed a head and shoulder pattern yet to be completed. Price got rejected at daily R1 Pivot and is moving down to complete the HS. Daily is aswell showning signs of a top, stochastics are overbought. 1H has RSI and Stoch overbought and the trendline on RSI has been broken. A...
