www.fxtrainingzone.com EUR/USD long trade based on a close above previous resistance. Entry made on pull back before NFP. Reasons for trade: – Strong Bullish engulfing candle close on the 4H, yesterday after ECB rate decision. This candle closed aggressively above some serious resistance. – Price pulled back and found support off the 8 EMA. – [...]
eurusd
www.fxtrainingzone.com EUR/USD long trade based on a close above previous resistance. Entry made on pull back before NFP. Reasons for trade: – Strong Bullish engulfing candle close on the 4H, yesterday after ECB rate decision. This candle closed aggressively above some serious resistance. – Price pulled back and found support off the 8 EMA. – [...]
www.fxtrainingzone.com EUR/USD short trade based on the price action reaching top of channel. Risky trade, where I show you what to look for: – Series of 4H spinner closes showing trendline resistance, and lack of momentum to break price channel. – After the belt holding candle close at 16:00 (21/05/09) the small candles show a [...]
www.fxtrainingzone.com EUR/USD trend continuation (Long) trade based on the strong upward momentum: – Extremely aggressive close of a bullish belt holding candle on the 4H above a lot of previous resistance. – Price action has found support off 8EMA. – Price closed above 121.3 extension fib – 4H candle closed above Box range / consolidation [...]
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