Today's trading results is also for short trade. I took some chances to go down despite of the 4 hourly stochastic is heading upside. As i can sense that the market is moving in a triangle shape, the idea to find the right edges to break the resistance level 1.2437.
So i have harvested 15 pips from the top of the bollinger band line which is not so bad for end of the day treat. I will add up the eur-usd chart when i have the time. For now get some good night sleep and peace to all who read.
At the moment we are just looking at the market bouncing ups and downs randomly waiting to break the downtrend current resistance level at 1.2466.
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Sequence of Analysis
1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
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