EURUSD due for the awaited correction

2015年11月25日

EURUSD pair has started showing sign of weakness on daily with each new low (MACD, RSI, CCI positive divergences), approaching the low of March, which was the lowest rate since over a decade. The long strategy here is to find entries for an anticipated correction, whether by hunting and accumulating longs on lower timeframes or wait for the confirmation next days if it breaks up the falling wedge, or both, depending on the risk profile of this trade, which seems now as a countertrend trade on higher timeframes.

Happy Trading, everyone!

2015年12月3日

註釋

Wedge has broken up, trade active, first target around 1.08

2015年12月3日

註釋

Second target hit, moved SL of the rest slightly under 1.09