EUR/USD Midweek Recap - Are you falling asleep?
Hey all, its Nathaniel
If you have not realised by now, I am back again with another market analysis on EUR/USD. If you have no idea where I have popped up from that is ok, check out my blog which will give you a little insight into my trading journey.
LITTLE BIG MOVEMENT LATEST BLOG POST
Now let's get down to the good stuff.
EUR/USD - Probably one of the most borning markets at the moment. What you need to remember is this market is still in a long term down trend and i would be looking to sell within this pairing at the 1.13200. If you feel like you can't wait and want to jump in earlier the best price is the older VWAP @ 1.12800. Price has already bounced off this price but looks weak so I stand by waiting for price to pull back to 1.13200. With price still close to the Monthly VWAP we seem to be having a very slow week in the forex market. Stay patient Traders/Readers, because once the price moves you will be able to catch the next wave.
o make my life easier I have built a custom pine script indicator, which gives me an indication of where the value price is based on the criteria I used for my market analysis. Watch this space :-), but I think it is publicly available already, so be my guest and use or enhance the indicator. Just let me know if you make any improvements as it could help me as well.
Next update will be in the coming week - Thank you for your love and support.
Regards
Nathaniel - "THe BiPolar TraDer"
Little Big Movement
If you have not realised by now, I am back again with another market analysis on EUR/USD. If you have no idea where I have popped up from that is ok, check out my blog which will give you a little insight into my trading journey.
LITTLE BIG MOVEMENT LATEST BLOG POST
Now let's get down to the good stuff.
EUR/USD - Probably one of the most borning markets at the moment. What you need to remember is this market is still in a long term down trend and i would be looking to sell within this pairing at the 1.13200. If you feel like you can't wait and want to jump in earlier the best price is the older VWAP @ 1.12800. Price has already bounced off this price but looks weak so I stand by waiting for price to pull back to 1.13200. With price still close to the Monthly VWAP we seem to be having a very slow week in the forex market. Stay patient Traders/Readers, because once the price moves you will be able to catch the next wave.
o make my life easier I have built a custom pine script indicator, which gives me an indication of where the value price is based on the criteria I used for my market analysis. Watch this space :-), but I think it is publicly available already, so be my guest and use or enhance the indicator. Just let me know if you make any improvements as it could help me as well.
Next update will be in the coming week - Thank you for your love and support.
Regards
Nathaniel - "THe BiPolar TraDer"
Little Big Movement
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