Interesting this happening with the EUR. Seems like a long term uptrend breakdown

Discussion in 'Trading' started by tsfx, Dec 1, 2023.

  1. maxinger

    maxinger

    EUR GBP AUD
    GOLD
    ZN ZB
    BUND BTP ...

    UP it goes to the moon and beyond.



    upload_2023-12-2_8-19-53.jpeg
     
    #11     Dec 1, 2023
  2. .

    Eur/Usd futures - Daily again

    All that resistance looks a bit daunting, but my main swinging strategy says to buy above the high of the current candle. If price moves back up to the resistance, half will come off and the rest will be trailed and it may work out okay.

    chart for ET 12-1-23_400.png
     
    #12     Dec 1, 2023
  3. SunTrader

    SunTrader

    :thumbsup:
    I use close above high - of the lowest close bar in downtrend, and vice versa close below low - of highest close bar in uptrend for reversal entries.

    Though not in anyway MA related.
     
    #13     Dec 2, 2023
    Slope Trader likes this.