How are you going to trade the EURUSD
The EURUSD finds itself in a very interesting situation at the moment with lots of fundamental driving it all over the charts.
Below are a few views on where the EURUSD is heading – Please vote for the views that appeal to you most or use the feedback facility at the bottom of the page to make any comments
View 1: The EURUSD has broken out of a channel after a false swing and is in a BUY phase
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View 2: The EURUSD has broken out of a Triangle formation and is now in a BUY phase
View 3: The EURUSD has just bounced on the upper channel line and is going into a SELL phase
View 4: The EURUSD is in a very strong sell trend and the only thing to do is SELL
CAST YOUR VOTES HERE:-
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4 Comments
mohammad yousaf
April 25, 2015It is buy as it broken the channel , also i think wave 2 is complete and wave 3 can be sharp on upside.
mike kitching
April 25, 2015A small high was put in and formed a down candle (engulfing?), and strong overhead trendline resistance, also RSI has formed a 2-wave triangle, which is about to break one way or another. I think this pair will sell-off in the short-term for several candles (5-10?)
mike kitching
April 25, 2015Although I think it would be a sell trade, I wouldn’t trade it until the next candle(s) show a clear entry
Eugene
April 28, 2015I am grid trading with GTM. Both directions. With small gaps on sell bias for more short term gains.
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