EUR / USD – The trend is your friend?
Until it ends and like anything in life, you can find yourself lost in the wrong direction. I like to keep my analysis simple as the markets are always changing their dynamics.
We can see the new uptrend started from our long period of lows which could be a substantial factor to start going long in this pair. As of writing, I would be looking to buy within the value area between the monthly VWAP (yellow line) at 1.12623 and the next POC at 1.12356. The value area has been highlighted on the chart, and I would advise you add your own fundamental analysis on top of my technicals.
let me know your thoughts on this one??
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“Patience is the key to any market” – Nathaniel.
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Nathaniel – “The value Trader”
Little Big Movement / IONIC Capital