Τρίτη 16 Φεβρουαρίου 2016

Technical Analysis EUR/USD

The fx pair is still in sustainable uptrend on Daily TF and longer term minimum one new high is expected in a third wave after the ongoing pullback/correction. H8 is decelerating from a strong bullish movement.But be prepared for new highs after the ongoing correction. For H8 players will good to take LONG soon and better to prepare it with candle stop entry. But for TP do not expect much more than the level of the ‘green area’. H2 is about the same like H8. The only difference that if the shorter TF players enough strong than they may will be able to form a smaller lower low (maybe around S2).
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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