Τρίτη 27 Οκτωβρίου 2015

Technical Analysis EUR/USD

The fx pair is close to the end of the downtrend and the decelerating phase is in progress. This means after the ongoing correction it is ok to expect short down moves. The question is still when does the existing correction ends or does it ended already..? But currently it doesn’t matter that the market already in the new down move or still in the corrections downswing, it is moving down. This means SHORT position can be taken with the minimum TP of S1. At that point the market will decide that it will from a much more corrective structure or keeps moving down.

Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.

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