Iq option 5 minutos
This is a decisional point for this pair and its either up or down. Sideways market is not allowed due to the point that the market is trending and it has been consistently covering pips. This zone has less support and resistance and we do note expect any to be formed right now. Gold is mostly aways from ranging and channels and thats why its the sweet spot. However, Gold is either an Obedient dog or a ratchet one.
Finding sweet spots for the pair is the Key because it obeys them. Over here we have 3 trades based on Trends and SR lines. A broken triangle gives us a bullish but failure to the trade, we take a short on trendline break with. This is a lottle profit but worth taking a risk iq option 5 minutos we have a good bouncing channel I expect the market to go down and obey the laws of sideways market.
History does repeat itself and at this instance its not too long ago we saw this movement on the pair. A triangle, breakout, correction move and a final down move followed by Fibonacci retracement. I dont go against the trend so lets remain bearish and watch this pair. Breaking down would definatelly have me selling. I missed a triangle breakout on this pair.
This TrendLIne on the 4HR is broken and i expect lower lows as 1hr we are already on bearish movement. We ve hit a remarkable low on EURUSD and I expect this to be backed by a retracement of 50 to 61. 8 The entry is long but the trade bias remains short as the Downtrend is not completed yet. All the best Check out my previous EURUSD Analysis. Build your portfolio like a pro. Expand your portfolio with Oil and Natural Gas. Major and minor global indices are in your reach. Discover new opportunities in the commodity market.
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