Helpful identification of zones where a buy or sell trade can be taken based on the current range based price action behaviour of EUR/USD.
My trade will likely be short at 1.19 with targets at 1.17.
See yesterday's analysis for how this entry occurred.
Today this trade went live once price broke 1.15 and is likely to close at 1.55 which is a psychological level for the mob, I expect price to exceed this level and move up to 1.563 where my second entry is placed (based on the average open close for Jan being 63 points). Further entries will be decided by the...
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...
Missed the break today, nevermind, the markets are kind enough to offer second chances.
Wait for the pull back to the pink box, confirm the resumption of bearish momentum with a failed break on the 4H view, enter with a stop above the top of the pink box, exit the trade when comfortable.