Τρίτη 2 Φεβρουαρίου 2016

Technical Analysis EUR/USD

The fx pair on Daily TF is in a range after its first up movement and the second upper leg is in development. On H8 the market is in a strong narrowing range. For today still several versions on for the upcoming. Only one thing is getting clear that the wedge is not a triangle. On H2 the market is in a range like movement. Which means it can turn down any time again. If this happens take SHORT position with the TP of S1. But if H8 takes over the wheel (this has more percentage) than H2 TF will make just maximum a retrace and after it will head upward so LONG positions should be taken with the TP of R3.
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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