forexwithfred

EUR/USD - Price Has Reach Trendline, Bounce of Break?

Alış
forexwithfred Güncellendi   
FX:EURUSD   Euro / ABD Doları
Hello Traders!,
Coming to the end of this trading week, we've seen a lot of fundmentals move the market with the FOMC interest rate decision, USA jobless claims and GDP reports m/m for countries such as Japan and Great Britain.
What Is The Market Telling Us?
  • On the higher timeframe we still see strong bullish sentiment, although there has been strong rejection around the 1.4000 level
  • Our current timeframe we see price rejected 3 times at our resistance zone, bringing it down to our previously respected trend support
  • There is a bearish cross with the 14EMA sloping significantly, which can indicate a break of our trendline support
  • Although, overall market environment is bullish, therefore if we see a third bounce off our trendline, bullish sentiment is still validated
When Should We Enter?]
  • Since we have 2 different scenarios, for our BUY side, we should wat for a clear bullish candle/signal upon touching our trendline support
    Before we look to SELL, there must be a break of our trendline, followed by a clear pullback with bearish signal ahead
İşlem kapandı: hedefe ulaştı:

Reached my 50PIP target, then price seemed to reverse and break trendline support
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.