EURUSD: Analysis & Plans for the week ahead (26MAY2019)
I am still new to this but I am still learning. I am just sharing of what I feel through the analysis that I did while the market was closed on the weekends.
This is the EURUSD pair. From what I have analysed, this is what I feel the market would do. At the moment, the market is an uptrend. But beofe going long, I think the best idea is tp wait for the bearish movement to be over before going long.
Why bearish? Looking a the candlestick pattern, it is what it looks like a bearish engulfment.
**Next move: Wait for the bearish movement to be over if happens and then you may want to go long(Buy).**
1 confirmation is that the candlestick is bearish engulfment.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
This is the EURUSD pair. From what I have analysed, this is what I feel the market would do. At the moment, the market is an uptrend. But beofe going long, I think the best idea is tp wait for the bearish movement to be over before going long.
Why bearish? Looking a the candlestick pattern, it is what it looks like a bearish engulfment.
**Next move: Wait for the bearish movement to be over if happens and then you may want to go long(Buy).**
1 confirmation is that the candlestick is bearish engulfment.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.