Let's take a moment to revisit past event.
1. Eurusd has steadily been in an uptrend and we expect the trend to continue for atleast 3 months
2. Eurusd has been respecting the trend line. Furthermore, when the trendline broke and dip created,
on correction, price still held above the dip
So what can we deduce from the information above?
1. Short positions are temporary.
2. The trendline will hold most of the time.
3. We continue looking for buy catalysts especially along the trendlines and major support zones
1. Eurusd has steadily been in an uptrend and we expect the trend to continue for atleast 3 months
2. Eurusd has been respecting the trend line. Furthermore, when the trendline broke and dip created,
on correction, price still held above the dip
So what can we deduce from the information above?
1. Short positions are temporary.
2. The trendline will hold most of the time.
3. We continue looking for buy catalysts especially along the trendlines and major support zones
Note
-Here is a line of the same and we can see a support zone waiting at the 1.07500 zone. If trend line doesn't hold we would sell lower aiming that zone.
-Better be careful of fake breakouts to the lower zones coz as we said, we are in a bull's market.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.