EURUSD: Is it accumulation or a distribution phase?
Summary:
a. EURUSD is entering distribution phase
b. Go short when the price already break and retest the support area at 1.1755
What's up traders?
Here I provide a EURUSD analysis based on my knowledge about Dow Theory.
Charles Henry Dow is one of the most influencing technical analysis at current era. He believed that "History repeat itself" (of course I do believe it too!) and as we can see that the flatten and bending price formation is a pretty obvious sign of the distribution phase and will likely start the panic selling phase that will push the price lower until it meet the support area that I believe is strong at 1.1365 area.
You think the range is huge and impossible? Well you'll only miss 100% shot you never take.
JOIN OUR TELEGRAM CHANNEL FOR A FURTHER AND DEEPER DISCUSSION: heylink.me/Q-Traders
Disclaimer: All of the information that provided is based on sources that we believe to be reliable, but they have no guarantees. Therefore, every effort is made to ensure that the content is accurate and complete. We have a very strict money management calculation and usually I trade with (max.) 5% risk per pair to ensure sustainability and equity endurance to make money in the futures market for a long-term period. Any profits or losses that occurred based on this analysis is your own responsibilities.
a. EURUSD is entering distribution phase
b. Go short when the price already break and retest the support area at 1.1755
What's up traders?
Here I provide a EURUSD analysis based on my knowledge about Dow Theory.
Charles Henry Dow is one of the most influencing technical analysis at current era. He believed that "History repeat itself" (of course I do believe it too!) and as we can see that the flatten and bending price formation is a pretty obvious sign of the distribution phase and will likely start the panic selling phase that will push the price lower until it meet the support area that I believe is strong at 1.1365 area.
You think the range is huge and impossible? Well you'll only miss 100% shot you never take.
JOIN OUR TELEGRAM CHANNEL FOR A FURTHER AND DEEPER DISCUSSION: heylink.me/Q-Traders
Disclaimer: All of the information that provided is based on sources that we believe to be reliable, but they have no guarantees. Therefore, every effort is made to ensure that the content is accurate and complete. We have a very strict money management calculation and usually I trade with (max.) 5% risk per pair to ensure sustainability and equity endurance to make money in the futures market for a long-term period. Any profits or losses that occurred based on this analysis is your own responsibilities.
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