On
EURUSD
, the market is bullish and going upward on 1H Bars. It makes Higher High and High Lows, which is an indication of trend. This is a high probability trade, which provides an opportunity to go Long.
1. The market is trending - Follow the TREND!
2. The major key zone is 1.1230 (red box), which was support and after the breakout it became a resistance. It is a good reversal zone to put limit orders.
3. Fibonnaci retracement 38.2% hits the reversal zone.
4. Hidden Divergience, which indicates the trend continuation.
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Trading Books Online - www.trading-library.com
Top 10 Forex Broker: www.best10forex.com
EURUSD
, the market is bullish and going upward on 1H Bars. It makes Higher High and High Lows, which is an indication of trend. This is a high probability trade, which provides an opportunity to go Long. 1. The market is trending - Follow the TREND!
2. The major key zone is 1.1230 (red box), which was support and after the breakout it became a resistance. It is a good reversal zone to put limit orders.
3. Fibonnaci retracement 38.2% hits the reversal zone.
4. Hidden Divergience, which indicates the trend continuation.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - www.trading-library.com
Top 10 Forex Broker: www.best10forex.com
