EURUSD moved the opposite direction of what was expected in our week 8 analysis. I did not expect it and I was trapped badly. However, in week 9, it seems to have completed a three-level bullish trend and completed the week with a double top on the H1 chart.
Getting trapped in the wrong analysis is no joke. It took a good 15% off my overall equity, combined with all the losses of other pairs. Fortunately, the profits from past weeks trading acted as a cushion against the bad trade management of mine.
This week's analysis seems to point towards a drop for next week because of the full three-level bullish move made in week 9. It ended the week with a double top, and looking at the day chart, it seems to point towards a drop in week 9 as well.
I will be monitoring on Monday to decide what would be the direction, but currently, it is short for me. I am expecting a drop of a minimum of 2 levels for week 10 and hopefully, it reaches that level that I am looking for.
I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY and USDCHF!
Getting trapped in the wrong analysis is no joke. It took a good 15% off my overall equity, combined with all the losses of other pairs. Fortunately, the profits from past weeks trading acted as a cushion against the bad trade management of mine.
This week's analysis seems to point towards a drop for next week because of the full three-level bullish move made in week 9. It ended the week with a double top, and looking at the day chart, it seems to point towards a drop in week 9 as well.
I will be monitoring on Monday to decide what would be the direction, but currently, it is short for me. I am expecting a drop of a minimum of 2 levels for week 10 and hopefully, it reaches that level that I am looking for.
I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY and USDCHF!
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.