Τετάρτη 16 Μαρτίου 2016

Technical Analysis EUR/USD

The fx pair shows uptrend or a range on Daily timeframe. But after its last strong up move it has got more chance to consolidate. It is the same on H8. And the question is how long will the correction last or is it just going to end? H2 shows also the same. Because the night triangle on smaller TF it is better to expect just one last downswing. Which can give good SHORT positions. But careful and do not expect long run.TP will be just a little under S1 and after the market can turn easily.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.

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