Hello everyone,
This is my first idea and tomorrow will be my first trade with Real Capital so I decided to post this that I have planned for tomorrow's trading.
Looking at the market, a turnaround seems quite likely.
Firstly, discussing political and economic factors: Brexit discussions seem to be in favour of UK staying with the EU and thus I expect the Euro to be heading upwards.
Seconds, studying structure and trend we can see the trend being backed up by strong support level as well as a lower one which also approximately matched the Fibonacci 0.5 level.
TO DO:
I see a buying opportunity, which should be presented if our trend crosses the green resistance/trend level on top.
-Do let me know what you think and any constructive corrections are much appreciated!
This is my first idea and tomorrow will be my first trade with Real Capital so I decided to post this that I have planned for tomorrow's trading.
Looking at the market, a turnaround seems quite likely.
Firstly, discussing political and economic factors: Brexit discussions seem to be in favour of UK staying with the EU and thus I expect the Euro to be heading upwards.
Seconds, studying structure and trend we can see the trend being backed up by strong support level as well as a lower one which also approximately matched the Fibonacci 0.5 level.
TO DO:
I see a buying opportunity, which should be presented if our trend crosses the green resistance/trend level on top.
-Do let me know what you think and any constructive corrections are much appreciated!