Weekly analysis for EUR/USD
We can see a strong trend with a big sharp retracement. The retracement couldn't hold itself so now in the last few 4h candles we can see the rejection of a bearish trend and the confirmation of an upward move.
I am a trend trader and the bigger the picture the more important for me. We can clearly see an upwards trend if we look at the big picture here. It is better for our trading to always expect the trends to continue when they don't give the signs for rejection of the trend. When we actually see (like in this chart here) that a retracement went too far and price went back quickly, it gives us confirmation that the trend indeed may continue. We will see!
I give daily ideas about market analysis, trading psychology and trading in general.
❤️ If you appreciate my work, please like, comment, follow and send to someone you think should read this. ❤️
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@yorick7878
I wish you all good trading!
We can see a strong trend with a big sharp retracement. The retracement couldn't hold itself so now in the last few 4h candles we can see the rejection of a bearish trend and the confirmation of an upward move.
I am a trend trader and the bigger the picture the more important for me. We can clearly see an upwards trend if we look at the big picture here. It is better for our trading to always expect the trends to continue when they don't give the signs for rejection of the trend. When we actually see (like in this chart here) that a retracement went too far and price went back quickly, it gives us confirmation that the trend indeed may continue. We will see!
I give daily ideas about market analysis, trading psychology and trading in general.
❤️ If you appreciate my work, please like, comment, follow and send to someone you think should read this. ❤️
If you don't then don't! :)
@yorick7878
I wish you all good trading!