Part 1 – Methodology Plan
This is the framework of your trading plan. Without thoroughly making these decisions, your plan may not be fluid.
Part 2 – Your Money Management Plan
Money management is the most important part of the plan. This is where you should understand how “risk of ruin” relates to your trading.
When calculating your risk of ruin, any number...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.186). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
EURUSD Currently the price is in resistance and for correction it will
move downwards to support @1.17900 - 1.17950 ...wait for price confirmation and GO LONG..
Take profit 1 @ 1.18800
Take profit 2 @ 1.19450
otherwise
it can go downwards upto @ 1.17250 and GO LONG ..
Take profit @ 1.18050.
This is EUR/USD, a 1-month timeframe chart in which I have used the Ichimoku indicator.
It is always said to respect the cloud. You can see TENKAN SEN and KIJU SEN are going ahead on a single path.
It has a slight upward movement. Both the lines are below the cloud, suggesting SELL signal only if the TENKAN SEN had CROSSED KIJU SEN, but be careful when you trade...
Source Code of How U.S. Election could affect of EUR/USD pair.
If ( Biden = wins ) {
More buying interest may push the price > 1.20000 after slightly lower.
.
If ( Trump = wins ) {
Sellers will keep selling respectively & US dollar will strong , causing Gartely force to the price to slide up to 0.786 at 1.13465
}
