EURUSD countertrend . Please share your opinion on this analysis
I'm a new trader fascinated by technical analysis.
I'm really new to this and I'm trying my best to workout what are the tools that really defined the market moves.
Here is my analysis for the week:
After loosing momentum, bouncing on the midline of a monthly channel and breaking a 3-days descending channel EURUSD looks like is due for a major correction.
I found a key level that could be of interest for countertraders as a target or for a level to look for an entry for those of you who are bullish on the euro on the long run.
I would really appreciate your criticism on my analysis as I'm trying to distinguish what's relevant and what it's not on my chart.
Happy trading yall.
I'm really new to this and I'm trying my best to workout what are the tools that really defined the market moves.
Here is my analysis for the week:
After loosing momentum, bouncing on the midline of a monthly channel and breaking a 3-days descending channel EURUSD looks like is due for a major correction.
I found a key level that could be of interest for countertraders as a target or for a level to look for an entry for those of you who are bullish on the euro on the long run.
I would really appreciate your criticism on my analysis as I'm trying to distinguish what's relevant and what it's not on my chart.
Happy trading yall.