This week has been slower, 45 on EU over 2 trades, 1 30 pip TP and one that didn't make it to TP and had to be closed manually for 15, (not even) 20 on UJ and a -20 loss on GU.
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DislikedAlso waiting on a euro short. I feel yesterday's low needs to be at least challenged or even taken out. A swing has already been taken out, so I believe we could be bearish today. From a daily perspective, EU is stuck for now, between 2 important levels - the recent low at 1.1069 and an area of bearish orders around 1.1280. {image}Ignored
DislikedIt has been so long i have seen your post in thread, can you share any weekly analysis on Eur/Usd.?? I am on learning base so love to see more post on the thread about currency pairs, it will be more helpful to us. Thanks.Ignored
DislikedOkay, so I just got home after a 5 hour trip, I will post a few notes on EU and will elaborate further on them tomorrow morning. A few things, though - I base my weekly analysis on the daily and H4 charts. I note key levels and keep in mind the longer term trend. Since price action is fractal, there are trends within the trend. The weekly charts showcase a rangebound/consolidating market, I'd say the euro is capped to the upside at the 1.15 mark, I will therefore denote 1.1460 as a supply area, the pair coming down from being overbought. With that...Ignored