EURUSD Buy on Weekly chart

5 февр. 2021 г.

Structure BBMA quite obvious on weekly chart
Weekly dah hit MALO
So SL placed below MALO and midBB (CSAK) on weekly chart
For this coming a few weeks I would expect the trend would go up to topBB
I've open buy for this pair and now running on negative
Seems like the market is going towards MALO on Monthly chart for ReEntry
Normally the market would bounce back and my SL is already placed below the ReEntry point of Monthly chart
Whatever it is take care of MM

Trade at your own risk. This just for my personal analysis.

7 февр. 2021 г.

Сделка активна

Looking at Friday CS closed below MAHI (5 and 10), there's a possibility Monday we could see the trend to go upward and hit MAHI5/10 but yet still to go down to follow Monthly trend.
However if Daily CS could closed as CSAK (Above MAHI5/10 and midBB) then we could see the trend to go upward to follow weekly trend.
For now I'm not confident that I would see the trend will follow weekly yet.

10 февр. 2021 г.

Сделка активна

Yesterday Daily CS closed as CSAK (above mid BB + MAHI)
It's a good sign
Now we wait and see

18 февр. 2021 г.

Сделка активна

Yesterday Daily CS closed as Sell CSAK (below mid BB + MALO)
Not a very good sign especially because Weekly chart had EXTREME sell signal (MAHI goes above topBB)
Not just Weekly had EXT sell but Monthly also had EXT sell
As of now I have a mix feeling for EU long term trend
However I will hold the position for now
I have to keep in my mind that "ALWAYS TRADE WHAT I CAN LOSE"