EURUSD Medium cycle
EURUSD is in a trading range.
its has important situation.
and we must consider its reaction to the 1.083 price.
i have tow scenarios :
- its can break up the 1.083 and then it can reach the price of 1.086-1.087.
- its can beak down 1.080-1.079 and then it can reach 1.076 and even 1.072.
Actually i think the bullish trend can happen.
here is a bigger picture of EURUSD chart.
you can see that EURUSD down trend have 3 legs.
and if we compare them you realized that legs duration has decreased and their slop is higher.
my understanding of this movement is that the stability of trend decreased.
and also higher slop show that the trend is emotional.
when i trade?
i wait for a break candle. if it break up 1.083 i will buy if it break down 1.079 i will sell.
Its just my personal comment please don't trade whit this.
thank you for your attention.
its has important situation.
and we must consider its reaction to the 1.083 price.
i have tow scenarios :
- its can break up the 1.083 and then it can reach the price of 1.086-1.087.
- its can beak down 1.080-1.079 and then it can reach 1.076 and even 1.072.
Actually i think the bullish trend can happen.
here is a bigger picture of EURUSD chart.
you can see that EURUSD down trend have 3 legs.
and if we compare them you realized that legs duration has decreased and their slop is higher.
my understanding of this movement is that the stability of trend decreased.
and also higher slop show that the trend is emotional.
when i trade?
i wait for a break candle. if it break up 1.083 i will buy if it break down 1.079 i will sell.
Its just my personal comment please don't trade whit this.
thank you for your attention.
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