Hi everyone,
I am new to this forum and I'd love to publish here a few ideas of trading.
Feel free to comment and contribute!
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Hi everyone,
I am new to this forum and I'd love to publish here a few ideas of trading.
Feel free to comment and contribute!
EURUSD Longterm view
Here is my view on EU...
Let's have a look at the H4 chart.
http://mikitrading.files.wordpress.c...pg?w=300h=199
EURUSD is travelling in a range of 1.4950 -- 1.4850.
The 1.4850 level isn't merely a valid strong support and long term keylevel but also a 23.6percent Fibo retracement of 1.4479 -- 1.4968.
If the 1.4950-60 amount is going to be broken cleanly, the upcoming near-term target would be around 1.5300.
If 1.4850 support is going to be broken on the disadvantage, the bearish correction ought to extend to 1.4479 first, and maybe to 1.4309, as you can see in this weekly chart:
http://mikitrading.files.wordpress.c...pg?w=300h=197
Furthermore, daily chart presents a mild bearish MACD divergence, supporting this situation:
http://mikitrading.files.wordpress.c...pg?w=300h=197
Happy trading!
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