Τρίτη 12 Ιουλίου 2016

Technical Analysis EUR/USD

In longer term (Daily TF) the FX pair is bear. H8 is also bear but some kind of correction is or was in development. If it keeps growing than it may become complex. And after the yesterday’s move it seems to become complex. H2 is moving upward. But clear support from H8 players didn’t arrive yet. To trade take LONG position when the higher TF players support arrives. Until that the risk is still high. TP is expected a little bit over R1.
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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