Following up from yesterdays trades, I had a very clean entry here off the 15 minute chart once we saw an impulsive move towards the 1.12600 key level.Unable to break above the previous high. Smart money and sentiment is still bearish. Almost smashing through 1.11600 as I predicted.
How will we look moving into next week? I believe further downside is bound to...
USD Current accounts releasing worse than expected news by the Bureau. EU taking a dive to the upside. Luckily I was able to see that price was struggling to close below the 1.12000 handle. Exited at 11.6 pips in profit. Also keep into account market sentiment is bearish. Banks doing their thing by stopping majority of the retail traders out. Best to have your...
As stated in my previous post - Wednesdays low would be hit before the end of the week. It has been done. A simple strategy on identifying trend direction with key levels to follow.
I use this in conjunction with a few other indicators to scalp 15-30 pip moves mainly on the EURUSD.
Overall still a bearish bias on the EURUSD for now.
Clear charts are everything. Had a very nice entry here off the 15 min chart. Looking to see further downside momentum play out for the next few days break Monday's low.
