Hello All
EUR/USD
Analysis
Based on this daily chart, we can see we already have a signal to buy because there are " 3 outside up" pattern but based on this 4H chart
we can see there are a resistance, so I think it's better to wait it break that resistance (1.5757)
Forecast
Day Trader : -
Swing Trader : Up
Recommendation
Day Trader : wait until it break 1.5757
Swing Trader : Buy but it's better to wait until it break 1.5757
USD/CHF
Analysis
Based on this daily chart, we have a good signal. it's already rebound from our channel resistance line. So I think it'll go down.
Forecast :
Day Trader : Down
Swing Trader : Down
Recomendation
Day Trader : Sell
Swing Trader : Sell
That's all. Happy Trading
Publish Post
Daily Analysis on 29th July 2008
Posted by Sayed | 9:12 AM | Analysis, Major Analysis | 2 comments »
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masterpip.
Eur/usd - at what price do you buy after price breached 15757? Also what the stoploss and take profit point? Do you based your trade using only candlesticks?
Tks..
My trading strategy is based on 3 thing:
1. Trendline
2. Fibonacci retracement
3. Candlestick
I will buy if I see there are any continuation pattern after it break the 1.5757
my TP will be: 1.5920 then 1.6020 SL:1.5610
What do you think?