EUR/USD going to 1.072 - Week, 0.665 - Year, 1.33 - Later

EUR/USD going to 1.072 - Week, 0.665 - Year, 1.33 - Later

10 September 2015, 20:32
forexintel
0
88

As EUR/USD reached a high ZZ, the level 2 set up indicated the moving averages tangled together in a ranging period, especially in D1, but indicating the possibility of the set up turning in to a SELL set up. Hence entered another SELL order with 0.02 lot size, as the lot size would not affect the margin of my account. While the level 1 set up indicates the BUY trend, H1 shows a big gap between price level and the MAs, and the Month time frame is still locked as a SELL trend. The price is near a high ZZ in H4, H1 and also in D1, the last ZZ is a high ZZ. The price s above the opening price of the month, week and day. All the check list for the SELL order was fulfilled.

 

 

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