Hi my dear fellow trader,
EURUSD is the most popular pair to trade in the forex market, so I decided i would publish a simple idea about that pair.
Now, my time frames are weekly, daily, 1 hour and 15 minutes.
On each time frame i plot both horizontal and vertical support and resistance levels.
Based on if a res. og sup. zone breaks or hold, I do my trades....
So, okey, now I think EURUSD will go all the way up to 1.1200 to test that resistance. Hopefully we will see some more upwards movement during this week, but we may also have to wait untill next week untill some movement happens...
You can look at my chart, tell me what you think, and maybe I am on to something...
Thanks, and happy trading.
So, okey, EURUSD may be in for a treat when it's testing both horizontal and vertical resistance zones... All I can do now is to wait and see how this is going... It is hard to predict any direction so far, but if the resistance breaks, it breaks, and i will be going for the long run untill 1.12.
Dear Trader. My goal is to speculate on the outcome on each week.
So, okey, you should look at my chart, and tell me what you think. Cause I am short on EurUsd, and you can look at my idea, to tell me what you think. Thanks.