Hi all.
I thought I would show how I watch the EU.
Weekly, 4h, 1h,15m, charts all on the same screen. S/D marked on each. I will convert the 15m to 5m for my entries. This helps me to see all the potential obstacles.
I also watch the usd index. Right now it is sitting at a big indecission zone. we will have to see what happens here to be able to place a good position.
If the USD gets some strength we could see a 90 pip drop or so in the EU. This will take us to the demand zone I have marked on the 1h chart.
Rufus
I thought I would show how I watch the EU.
Weekly, 4h, 1h,15m, charts all on the same screen. S/D marked on each. I will convert the 15m to 5m for my entries. This helps me to see all the potential obstacles.
I also watch the usd index. Right now it is sitting at a big indecission zone. we will have to see what happens here to be able to place a good position.
If the USD gets some strength we could see a 90 pip drop or so in the EU. This will take us to the demand zone I have marked on the 1h chart.
Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.