Here is Long area based on my daily experience from my members.
Classic Volume setup for long trade with standart Risk reward.. The biggest volume cluster indicated buying activity.
Did you know that usdchf is reversely similar to the pair of EURUSD ?
10 pips profit
12 pips stoploss
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Euro is oversold across most pairs.
GBP is also oversold.
US Dollar index looks like it might top out at previous high soon.
RSI is facing downwards, which is why I set-up buy orders around 1.1550, 1.15650, 1.15750.
I think EUR can go down a little more, to the previous bottom around 1.15500, before correction/reversal.
I'm in the trade at 1.15900, hoping to buy...
Right now, EUR/USD still make most of the trader confuse, however from my point of view the price now is preparing to move up as the pair fail to break important support and as we all can see the buyer start coming in
I see the current movement as a retracement as the price fail to break up fibo level at 78.6% (1.22886), expect the bullish signal at 1.22581 –...
We are on a a up trend, on the "dailey/hour"
But on the 15 min, we are on a downtrend, im looking for the 0.618 retracement, and if the broke under that, 0.786.
It broke under the 0.5.
where will it go?