We are in times of HIGH volitilty so the best charts to look at and analyze for clear market direction is the Monthly and Weekly charts especially the Monthly as that is were the volitility is and big moves happen.
Looking at the EURUSD Monthly chart we can see at the end of July we got the Monthly break and close under the previous LOW/SUPPORT marked on the chart. Once the break and close occured there is only one place the market is going straight down to the next DEMAND/BUY zone from 2001 marked on tthe chart above, there was absolutely nothing standing in its way especially witth the volitility in the markets.
We have now enntered this area and price is starting to grind down a little slower and I am now waiting for a Daily BUY signal on my indicator to start entering this market this is a really nice area. As you can see the rally price took from here before, it's not to large zone so the R/R is very good and it's untested which is a big plus plus.
The targets for this trade are pretty simple and marked above first target will be the previous LOW/SUPPORT at 1.02 and then the newly created SUPPLY/SELL zone that starts around 1.05.
Stop loss will be under the Monthly DEMAND/BUY zone maybe around 0.95 this is a very good setup the first signal that occurs and I am in :)
Off course a Monnthly break and close under 0.96 will invalidate the move
Looking at the EURUSD Monthly chart we can see at the end of July we got the Monthly break and close under the previous LOW/SUPPORT marked on the chart. Once the break and close occured there is only one place the market is going straight down to the next DEMAND/BUY zone from 2001 marked on tthe chart above, there was absolutely nothing standing in its way especially witth the volitility in the markets.
We have now enntered this area and price is starting to grind down a little slower and I am now waiting for a Daily BUY signal on my indicator to start entering this market this is a really nice area. As you can see the rally price took from here before, it's not to large zone so the R/R is very good and it's untested which is a big plus plus.
The targets for this trade are pretty simple and marked above first target will be the previous LOW/SUPPORT at 1.02 and then the newly created SUPPLY/SELL zone that starts around 1.05.
Stop loss will be under the Monthly DEMAND/BUY zone maybe around 0.95 this is a very good setup the first signal that occurs and I am in :)
Off course a Monnthly break and close under 0.96 will invalidate the move
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Access my Weekly Swing trade setups here - www.forexcopierpro.com/forex-signals-page-info
Join Telegram group -https://t.me/+T7V_JSiKKsliMTJl
