Just very quickly I'd like to say that I am new to trading ( mainly Forex Day/Swing ) this is my first year at bat and am looking forward to learning plenty!
With that, this is my view on the direction of the EUR/USD pair...take it with a grain of salt.
I expect to see a quick run up from 1.13255 up to 1.13600 by end of week 03/22 --- Moving downward the following week as it reaches resistance on longer term channel.
Strong support at the 1.13000 mark where it will bounce and retest the long term channel --- Here I'll be looking for the Short entering 1.13200 taking profit 1.12400 The GBP/USD is also looking at a Bearish entry into Q2 which would support taking a short position .....I do also see possibility for a breakout above the long term channel around 1.13410 on ( 04/02-04/03 ) which should be watched closely if not with stop loss.
Again I'm still learning my way and would love to hear your feedback and thoughts!
- Krecioch
With that, this is my view on the direction of the EUR/USD pair...take it with a grain of salt.
I expect to see a quick run up from 1.13255 up to 1.13600 by end of week 03/22 --- Moving downward the following week as it reaches resistance on longer term channel.
Strong support at the 1.13000 mark where it will bounce and retest the long term channel --- Here I'll be looking for the Short entering 1.13200 taking profit 1.12400 The GBP/USD is also looking at a Bearish entry into Q2 which would support taking a short position .....I do also see possibility for a breakout above the long term channel around 1.13410 on ( 04/02-04/03 ) which should be watched closely if not with stop loss.
Again I'm still learning my way and would love to hear your feedback and thoughts!
- Krecioch