Τετάρτη 17 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 also the same like it was said yesterday decelerating from a strong bullish movement. But be prepared for new highs after the ongoing correction. For H8 players will be good to take LONG soon and better to prepare it with candle stop entry. For TP do not expect much more than the level of the ‘green area’. On H2 the shorter TF players seems to be strong enough to form a smaller lower low. And because this for a short time it will be good to take SHORT positions before the long with the TP of 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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