Yesterday the EURUSD rallied again with a wide range and managed to close near the high of the day, furthermore closed above the previous day range, suggesting a strong bullish momentum.
The pair continues to close above the 10 and the 50-day moving averages that are acting as dynamic support, and closed for the first time in three months above the 200-day moving average.
The key levels to watch are: The daily resistance at 1.1236, the daily resistance at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0874 (support) and the 50-day moving average at 1.0893 (support).
On January 6. I posted these signals off the weekly chart.
Weekly chart: The weekly chart shows a price consolidation with currently 6 bars. As I have written before, the 6th bar in consolidation is the most difficult to trade and should be avoided. There are 3 legitimate MAJOR entry signals visible. Buy-stop at the high from last week (1.0991 on our chart) plus 1 pip (ASK price) Buy-stop at the high from 3 weeks ago (1.1058 on our chart) plus 1 pip (ASK price)
The low of 5 weeks ago is also a legitimate MAJOR entry signal as it is a down-hook. (1.0515 minus 1 pip BID price) ------------------------------------------------------------------------------------- Either one of the buy-stop entries would have worked and currently are about 200 pips plus. If you read my entire posting from January 6. you will see that there was also a buy-stop entry suggested off the monthly chart. It was a minor entry signal, but worked as one can see.
Now it is just a matter of managing the SL properly to maximize the trade's profit.
I also mentioned many times, that a price consolidation cannot consist of more than 10 bars. This weeks bar is Nr. 10 and therefore the break could be traded legitimately.
The suggested sell-stop entry was never reached.
Major trade entry signals have a very high success rate, especially when using long-term timeframes, like daily, weekly and monthly charts. They are easy to trade, as there is plenty of time to place the trade.
A higher risk-factor can also be used with majors on long-term charts.
The simplest way to trade these trades is, to place the orders and just wait. They are much more lucrative and require very little maintenance as compared to intraday charts, which are very time consuming to trade and at the end of the day there is hardly ever any monetary reward.
Yesterday the EURUSD continued the rallied but with a narrow range and managed to close near the high of the day, furthermore closed above the previous day high, suggesting a strong bullish momentum.
However it made a pause on mid-term resistance at 1.1236 possibly waiting for today’s nonfarm payrolls number. The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1556, other daily resistance at 1.1460, daily support at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0965 (support) and the 50-day moving average at 1.0910 (support).
고위험 경고: 외환 거래는 모든 투자자에게 적합하지 않을 수 있는 높은 수준의 위험을 수반합니다.
레버리지는 추가적인 위험 및 손실 노출을 만듭니다. 외환 거래를 결정하기 전에 투자 목표, 경험 수준 및 위험 허용 오차를 신중하게 고려하십시오.
초기 투자의 일부 또는 전부를 잃을 수 있습니다. 잃을 여유가 없는 돈을 투자하지 마십시오. 외환 거래와 관련된 위험에 대해 스스로 교육하고 궁금한 점이 있으면 독립 금융 또는 세무사에게 조언을 구하십시오.
모든 데이터 및 정보는 정보 제공 목적으로만 있는 그대로 제공되며 거래 목적이나 조언을 위한 것이 아닙니다.
과거의 성과는 미래의 결과를 나타내는 것이 아닙니다.