EURUSD has been consolidating the past few days. I believe it will continue to push upward for 3 reasons:
1. Support has been found at the ~1.13500 level on the 4H and Daily time frames. 2. iTrend has given reliable bullish signals since mid-February. 3. Trading View's built-in sentiment analysis is heavily bullish on the 4H and lower. This affects trader psychology greatly and I think it is a nice form of minor confirmation.
I rely on the iTrend on high timeframes to determine overall direction. I then use the Laguerre RSI & Fisher Stochastic Center of Gravity for successful entry points.
I'm hoping to enter around 1.1379 (red dotted line) and ride out ~70 pips profit.
Algo Trading Simplified 👉 PaxProfits.com Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Forex Trading Coaching 👉 primetimefox.com Learn consistent currency pair trading from a professional.
يعمل أيضًا:
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.