EUR/USD GOING TO 1.060 - WEEK, 0.965 - YEAR, 1.33 - LATER

EUR/USD GOING TO 1.060 - WEEK, 0.965 - YEAR, 1.33 - LATER

29 October 2015, 03:23
forexintel
0
82

A confirmation for the BEARISH trend in the coming weeks, as i have been mentioning in all my recent posts. The advantage of BUY low and SELL high is that there are so many low and high ZZ to trade even if we miss in the early part of the trend. Even if you did not believe that the price was going down and did not enter a SELL from yesterday's high, you can do it now. Since it is a confirmed down trend, entered another SELL order from a HIGH ZZ in M15, even though the price is near LOW ZZ in D1, W1 etc. as we are still in the early phase of this down trend. The price was near today's opening price when i entered the SELL.

 

The eurusd price could reach the trend line, only to be resisted before falling down.

 

Expect a free fall after all the struggle to break through all these trend lines! 

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