Learn the strategies you may need for profiting in Forex with 
Today the markets are sideways, waiting for ECB and BOE. But we always have some move at the London opening, even if the overall picture is in range. EUR/USD failed to break yesterday’s low (as expected) and we entry long targeting previous Asian high. This is the explanation:
- Markets in range, we are not expecting real breakouts before the banks announcements.
- EUR/USD failed to break yesterday’s low (as expected)
- Price makes double bottom at yesterday’s low.
- Price breaks descending Trendline.
- We wait for confirmation and retracement and entry long.
- Target: Previous high at the Asian session
- Target archived: 45 pips.
why didn’t u spot the divergence at G/U at the 1 hours? I thought u will trade G/U…..but i realise your analysis always change. Which is very doubting
yes, I also believe that you place trade results here with a hindgesight.
Really bad thing.
Hi shaun,
I’m glad you saw the MACD divergence in GBP/USD yesterday. Actually it was a good trade on the downside, just after the Frankfurt Opening. I hope you took the trade.
I highlighted euros trade because of the ECB day’s because we weren’t expecting the market breaking levels before the announcement. (as it happened).
Keep posting instructive comments !!
Hi Indian,
My methodology is discretionary and not automatic, so I may consider one currency pair or another one depending on the higher time frames or the fundamentals behind. (for example yesterday: ECB announcement)
And just remember that the main reason of the videos HD and/or the trade reviews, is for educational proposal and not a personal trade log.
Welcome and keep posting!