What's going to happen next?
Good Morning Dynamic traders,
If like me you have managed make some money from the EUR, very well done to you. However the fun may not be over just yet, which means that this chart should still remain on your watch list.
In the day chart below you will see that price has stopped falling and that price has been oscillating. This shouldn’t really come as a complete surprise to us as you would be away of this support area by using your Fib tools and of course the presence of the ever famous RN.
So potentially this could be a breather! What you do think?
In the 4 hour chart below you will see that price is being squeezed, which means that price will be forced to make a decision to either continue to drop or to start climbing.
This chart has proved that being patient does pay off, so it’s probably best not to jump gun and wait for another signal to enter a trade.
Happy Trading
Richard Monnery
If like me you have managed make some money from the EUR, very well done to you. However the fun may not be over just yet, which means that this chart should still remain on your watch list.
In the day chart below you will see that price has stopped falling and that price has been oscillating. This shouldn’t really come as a complete surprise to us as you would be away of this support area by using your Fib tools and of course the presence of the ever famous RN.
So potentially this could be a breather! What you do think?
In the 4 hour chart below you will see that price is being squeezed, which means that price will be forced to make a decision to either continue to drop or to start climbing.
This chart has proved that being patient does pay off, so it’s probably best not to jump gun and wait for another signal to enter a trade.
Happy Trading
Richard Monnery
Labels: EUR
posted by Richard Monnery @ 08:35
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