Since we didn't find any opportunities today we thought of continuing what we started last week and look at the developments of the initial analysis that we made to the EURAUD.
The pair is still giving mixed signals. But the one thing that it didn't do was very important, it didn't go up based on its mitigation of the daily order flow, it made a reaction but not a move.
We are still more inclined on a downward movement, but the signs for a possible upward continuation are not to be taken lightly.
In this same video we looked at two other cases; The GBPUSD which presented a case similar to that of the EURAUD, and we also looked at the USDJPY because this pair tested our trading philosophy and still is.
We are still observing the USDJPY to test a well known phrase that I don't totally agree with, but I want to observe which is "The price always comes back." If this statement has any merits then I might take another look at my stop loss conditions and even my position closing rules.
The Investor
The pair is still giving mixed signals. But the one thing that it didn't do was very important, it didn't go up based on its mitigation of the daily order flow, it made a reaction but not a move.
We are still more inclined on a downward movement, but the signs for a possible upward continuation are not to be taken lightly.
In this same video we looked at two other cases; The GBPUSD which presented a case similar to that of the EURAUD, and we also looked at the USDJPY because this pair tested our trading philosophy and still is.
We are still observing the USDJPY to test a well known phrase that I don't totally agree with, but I want to observe which is "The price always comes back." If this statement has any merits then I might take another look at my stop loss conditions and even my position closing rules.
The Investor
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.