Forex: EUR/USD – downtrend day

Join our Telegram channel (50,000+ subscribers) for daily market analysis & trading tips:

6e 150512

Today, it was an easy day to trade, since the trend was clearly down, and there was an excellent SPZ entry at around 2230, where price tested the EMA and trendline. The EMA was tested again at around midnight, providing another chance to short. I think the rest of the day is likely to be ranging or a slight upward retracement. Calling it a day for now.

TMP Banner Our flagship mentoring program is suitable for both beginners and advanced traders, covering the 4 strategies which I used over the past 15 years to build up my 7-figure personal trading portfolio.

Infographic Trading Signals If you're looking for the best trading opportunities every day across various markets, and don't want to spend hours doing the research yourself, check out our private Telegram channel!

Looking For A Brokerage 2 Thumbnail If you're looking for a reputable brokerage that covers all products (SG stocks, US stocks, global stocks, bonds, ETFs, REITs, forex, futures, crypto) and has one of the lowest commissions, this is what I currently use.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *