Price is starting to approach a likely turning point so I'll be looking for a long move next. Don't rush in and don't try to predict the turning point because price could push lower yet. Remember we use dynamic analysis which means the structure lines move with the price. The lines only show current structure and are not meant to show turning points. We wait for a break of the down trend line and the correct entry set up before deciding to open a position.
I'll update my analysis as price develops so remember to follow to receive them. You can also follow updates via twitter (link from my TV profile)
Always wait for an entry set up before risking your money.
This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome
Good luck Steve
I'll update my analysis as price develops so remember to follow to receive them. You can also follow updates via twitter (link from my TV profile)
Always wait for an entry set up before risking your money.
This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome
Good luck Steve
註釋
Just to clarify - when I said breaks upward I mean breaks the trend of this current small correction註釋
OK this has pushed on down and has now touched the 78.6% Fib retracement. I warned it might do this as this pair often do. Having said that I thought it was turning long in my last update and I'm long on this already. If you're not in this yet wait for the next break and you should get in at a nice price.註釋
This is my last update on this chart. It looks like the expected long move may not happen this time round and we may get another trade down before we can start to look for the expected big move up. As you can see from the snapshot below we may be in a descending diagonal with more down side to it. We could see a up or sideways move to the channel "top" before the move down. As always read the structure before making your trading decisions.Twitter: twitter.com/logicfxtrading
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相關出版品
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。