Euro / Dolar A.S.Telah dikemas kini EURUSD Trade Idea
In yesterday's forecast, I expected EU to rollover to again re-test Tuesday's (2nd Feb) low at 1.2010 level, which was exactly what the market performed. A breakdown my overall thesis on EU. Since December I've been discussing about potential ascending channel forming until 7th Jan. Ascending channel simply means a lack of momentum in buyers as price kept getting refused everytime it creates a new high creating bounces between the upper & bottom band, disagreement of the current price level. On the 7th Jan, I expected the ascending channel to be broken followed by a re-test with a massive selloff. 22th Jan was when I talked about the flag (exhaustion pattern), rejected the 1.2175 level multiple times which gave me confidence that the market will have further continuation to the downside. On the 29th Jan, I expected EU to have a second test of the bottom band of the flag pattern with bearish continuation towards 1.2010 key support zone. I will link all of these forecast in the comment section below.
In today's trading session, I will be favoring short-term selling opportunities as all the short-term & long-term moving averages (18, 50 & 200ema) is sloping downwards. But one thing to consider is that RSI is definitely getting near to the oversold region, avoid looking for a home run as the bearish movement has gone slightly far. I will looking for a pullback for further bearish continuation towards 1.2010 & 1.1915 support zones. However, be aware that 1.2010 is a key support zone, if price again rejects from 1.2010 that could send EU back towards 1.2050 & 1.2150 resistance zones. Do not forget the overall trend on the higher timeframe remains bullish, I'm only trying to capitalize on the short-term bearish sentiment in the market.
Flexibility is the key. Trade safe.
Do follow my profile for daily fx forecast & educational content.
In today's trading session, I will be favoring short-term selling opportunities as all the short-term & long-term moving averages (18, 50 & 200ema) is sloping downwards. But one thing to consider is that RSI is definitely getting near to the oversold region, avoid looking for a home run as the bearish movement has gone slightly far. I will looking for a pullback for further bearish continuation towards 1.2010 & 1.1915 support zones. However, be aware that 1.2010 is a key support zone, if price again rejects from 1.2010 that could send EU back towards 1.2050 & 1.2150 resistance zones. Do not forget the overall trend on the higher timeframe remains bullish, I'm only trying to capitalize on the short-term bearish sentiment in the market.
Flexibility is the key. Trade safe.
Do follow my profile for daily fx forecast & educational content.
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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.
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.