A business approach to the EURUSD pair. We discuss analysis methods for this currency pair, advisors, indicators (we correct errors and refine them) - page 2
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How does it show on H4?
Only on H4 there is one nuance. One Sunday candle is incomplete for only 1 hour. But it doesn't make much difference.
On the H4, there's another one.
So anything below 14.6 is good for procurement?
I cannot make any recommendations. Everyone evaluates the objectivity of the situation as they see fit.
The environment is ambiguous. On H1 the white bar is holding. The digital oscillator on H4 is at the very bottom. No news on the fundamentals today. I will wait with the decision for myself. I am not making a cut yet.
I forgot to put a picture on H1.
Comment from VTB
The price of September 2009 Brent crude oil futures has returned to the base of the model, at 73.5 dollars, in two days (06 and 07.08) on the wedge pattern. As a result of the movement of the last 4 days, the contours of a head and shoulders reversal model emerged. The neckline runs horizontally around the level of $74 and the current move from the bottom to the top fits within the framework of the return to the neckline. Also, this movement is developing in a narrow corridor of $73.5-$74, and it has high chances to go down during the trading on 10.07. This technical situation is also confirmed on the daily charts, where a star reversal was formed, and in the near future we can expect the development of the decrease that started.
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BRN U9 H1 (chart is mine)
VTB
The Eurodollar (EURUSD) has closed most of the upside from 1.4000 in two days. The current move down has a target at 1.4014, the achievement of which, and possibly lower, will raise the question of reaching the lower boundary of the corridor 1.3850 -1.4250, in which the rate is more than 2 months. A further development of the current decline from 1.4400 can be expected in the near future, with a high chance of that occurring as early as the 10.07 trading session, without a corrective return above 1.4200.
I don't understand the exclusivity of this pair either. What makes it so different from other popular ones in terms of TA? By scale?))) After all, as far as I understand, it is TA that is being considered. If FA - then yes. It makes sense to stop.
Otherwise it's just another branch on TA. I'm not actually against it. I'm just a bit perplexed... If it is this pair, there is already a branch. If pictures - also. If TA questions - then everyone is practically TA.)))
I don't understand the exclusivity of this pair either. How is it so different from other popular ones in terms of TA? By scale?))) After all, as far as I understand, it is TA that is being considered. If FA - then yes. It makes sense to confine oneself to it.
But it's just another branch on TA. I don't mind, actually. I'm just a little confused... If it is this pair, the branch already is. If pictures - also. If TA questions - there's practically TA.))
All constructive information useful in trading is welcomed. Whether FA or TA is not important.
I propose to make a type of "five minutes in production". If anyone has something - give it to us.
It is difficult for a single trader to keep track of all the details. Together is the power.
Make up your mind.
No one's trying to join the "collective farm".
I think it's interesting and important for those who are engaged in the real market, and may be of little interest to those who play on demo accounts.