Is this a good idea to long EU? well, not yet. here's why...

19 Şub 2020

EU has found temporary support at 1.07855 and what we've now is looks like a double bottom, but we'll have to look at the resistance right above it. In order to go long, we'll need to wait for a clear breakout of the channel first. EU has been in a downtrend for long, it would be surprising to see this downtrend continues without any correction. let's see.

19 Şub 2020

Not

Multiple tries to break out the resistance has ended with a failure. the most likely direction from here will be further downside.

19 Şub 2020

Not

We're now trading outside the channel, but momentum is weak. setting buy stop at 1.0870

20 Şub 2020

Not

^ that should've read. setting buy stop at 1.08170

21 Şub 2020

Not

Glad that I got busy and failed to place that buy stop the other day. EU isn't looking bullish at all.

Every attempt to breakout is failing badly. I'm out looking at EU for now.

21 Şub 2020

Emir iptal