Was very busy and did not keep his promise to tell you about a pair EURUSD. Who do not understand what I mean, I recall. December 2, 2010, in a pair euro / dollar appeared reversal figure called bullish engulfing.
Due to the fact that in this pair, quite a long time there was nothing separately (meaning A), a figure worked perfectly and with proper entry and exit from the market, could raise a large sum of money.
I know many people, and in various fora leave posts on a topic that is not the end, the euro will rise even further, I trust his strategy and the market is already out.
Let's analyze how it all happened. About this absorption can write entire books. If you pay attention to the market in general, you should see that the euro started out as just that with the bearish engulfing, but now that the bull market absorption braked.
Further, that tell us that the absorption is going to work? These tips can not be, but there are some facts reinforce the possibility of tripping. We give below an image of one of the facts.
This tool is called the Fibonacci fan. Honestly I did not, podglyadel on the forum, I have other supporting factors, but look like everything is perfect has come:
That is, the price obtained was corrected and hit a Fibo level. In this place organized itself uptake and the market started to retreat.
The idea is that it was necessary to wait for the rollback. You understand that the market can not all the time or the fall or rise. He said that the need to breathe, and then continue driving. Our case is no exception.
Oh well. Entering the market we have identified. Two supporting factors have, but it is not enough. Where are we close? All this needs to be defined before entering the market, after it is too late. Will work psychology and can crap a lot of mistakes for which will have a lot to pay.
Let's think. Looking at the market, I saw that the price dropped by two waves. And as you know, each wave has its setbacks. Let us stretch the Fibonacci levels and see what comes of it.
Thick line denotes the area where perhaps the price is to slow down. At the moment, of course it is easy to talk about it, especially since everything is already over, but the price is reached and broke through that level.
Not entirely clear what will happen next, perhaps to continue falling, but if not greedy, then this discovery could pick up $ 1500. I personally, for the beginning of the month will suffice, and you think for yourself.
The second level, could serve as another zone. As is known, formed a minimum or maximum, the market is sort of an arc that breaks this line, and returned with the other side.
Almost the same picture we can see here.
Have a look at the prices initially jumped on the level of 1.3445, and then tried to confirm the bottom, reality is now a line of resistance.
Due to the fact that in this pair, quite a long time there was nothing separately (meaning A), a figure worked perfectly and with proper entry and exit from the market, could raise a large sum of money.
I know many people, and in various fora leave posts on a topic that is not the end, the euro will rise even further, I trust his strategy and the market is already out.
Let's analyze how it all happened. About this absorption can write entire books. If you pay attention to the market in general, you should see that the euro started out as just that with the bearish engulfing, but now that the bull market absorption braked.
Further, that tell us that the absorption is going to work? These tips can not be, but there are some facts reinforce the possibility of tripping. We give below an image of one of the facts.
This tool is called the Fibonacci fan. Honestly I did not, podglyadel on the forum, I have other supporting factors, but look like everything is perfect has come:
That is, the price obtained was corrected and hit a Fibo level. In this place organized itself uptake and the market started to retreat.
The idea is that it was necessary to wait for the rollback. You understand that the market can not all the time or the fall or rise. He said that the need to breathe, and then continue driving. Our case is no exception.
Oh well. Entering the market we have identified. Two supporting factors have, but it is not enough. Where are we close? All this needs to be defined before entering the market, after it is too late. Will work psychology and can crap a lot of mistakes for which will have a lot to pay.
Let's think. Looking at the market, I saw that the price dropped by two waves. And as you know, each wave has its setbacks. Let us stretch the Fibonacci levels and see what comes of it.
Thick line denotes the area where perhaps the price is to slow down. At the moment, of course it is easy to talk about it, especially since everything is already over, but the price is reached and broke through that level.
Not entirely clear what will happen next, perhaps to continue falling, but if not greedy, then this discovery could pick up $ 1500. I personally, for the beginning of the month will suffice, and you think for yourself.
The second level, could serve as another zone. As is known, formed a minimum or maximum, the market is sort of an arc that breaks this line, and returned with the other side.
Almost the same picture we can see here.
Have a look at the prices initially jumped on the level of 1.3445, and then tried to confirm the bottom, reality is now a line of resistance.
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