TODAY ON TUESDAY 6TH JUNE, 2017 I HAVE ANALYSED THE EUR/USD (EURO DOLLAR) PAIR BY USING THE 4HR TIME FRAME.
SINCE I HAVE OVER VIEWED THE MARKET, I NOTICED THERE WAS A STRONG UP TREND, (BULLISH). MY SPECULATIONS MADE ME WANT TO BUY, AS PRICE WAS INCREASING VISUALLY.
PRICE HAS CHANGED SEVERAL OF TIMES BY BREAKING THROUGH SEVERAL OF RESISTANT LINES. MY PREDICTIONS IS THAT IT MAY HIT MY MONTHLY RESISTANCE LINE WHERE I CAN TAKE TOTAL PROFIT, FROM 1.13625 PIPS, AS MY RISK/REWARD IS 2:01.
I HAVE ALSO NOTICED THERE WAS A GAP IN THE MARKET FROM THE 21ST - 24TH APRIL 2017. DEEPER TO MY ANALYST, I NOTICED A POSSIBLE BREAKOUT AS THE MARKET WAS CONSOLIDATING THROUGH A SHORT PERIOD.
"WHATS GOES UP, MUST COME DOWN".
"WHAT GOES DOWN, MUST GO UP".
I'LL BE LEAVING THIS TRADE FOR AT LEAST A WEEK, IF IT GOES WELL, RESULTING TO EARLY PROFITING IF NEEDED.
LETS SEE WHAT HAPPENS WITHIN THIS FOLLOWING WEEK. :)
SINCE I HAVE OVER VIEWED THE MARKET, I NOTICED THERE WAS A STRONG UP TREND, (BULLISH). MY SPECULATIONS MADE ME WANT TO BUY, AS PRICE WAS INCREASING VISUALLY.
PRICE HAS CHANGED SEVERAL OF TIMES BY BREAKING THROUGH SEVERAL OF RESISTANT LINES. MY PREDICTIONS IS THAT IT MAY HIT MY MONTHLY RESISTANCE LINE WHERE I CAN TAKE TOTAL PROFIT, FROM 1.13625 PIPS, AS MY RISK/REWARD IS 2:01.
I HAVE ALSO NOTICED THERE WAS A GAP IN THE MARKET FROM THE 21ST - 24TH APRIL 2017. DEEPER TO MY ANALYST, I NOTICED A POSSIBLE BREAKOUT AS THE MARKET WAS CONSOLIDATING THROUGH A SHORT PERIOD.
"WHATS GOES UP, MUST COME DOWN".
"WHAT GOES DOWN, MUST GO UP".
I'LL BE LEAVING THIS TRADE FOR AT LEAST A WEEK, IF IT GOES WELL, RESULTING TO EARLY PROFITING IF NEEDED.
LETS SEE WHAT HAPPENS WITHIN THIS FOLLOWING WEEK. :)