EUR/USD LONG

٢ مايو ٢٠١٦

Changed my bias towards the eurodollar at the end of Friday's close after i got completely stopped out. first technical loss but i went back to the charts to see where i went wrong and i realized that i didn't look at the smaller time-frames. But lesson learnt. So i went back to the drawing board on Sunday and spent quite a few hours analysing. Wrote most of my technical points on my note pad but i took the trade straight from open as i had quite a good conviction it was gonna pierce through the 1.1500 barrier which it did breaking out of the range of which it was trading for a long time which is good to see. But expecting the pair to push to 1.1600/s and 1.1700/s respectively and highly likely to push even further in the long run. Also good to see since i'm a student that a lot of other traders who have a lot more experience have gone for the same bias. Gives me more confidence in my strategy, although it might look complicated on screen. In the coming weeks i'll be breaking down analysis with more description, talking key zones etc etc. But for now enjoy my bias and open up your own chart and apply your little touch to make it yours.