hello,
In the past two weeks I have focused much attention on the forex market and specifically on EUR/USD but not only, special request my readers I have published an analysis of pair USD/PLN where I decided to invest a small trade. The trade was closed on Friday evening before the end of the week, realizing a profit.
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| Summary of trades |
Below you will find links refer to my earlier posts with my recommendations.
Regrading EUR/USD market, last days showed strengthening of the euro against the U.S. dollar. It is worth noting that on Thursday and Friday, especially on Friday, 8th November at the daily chart, it is clear a very large volume of futures contracts. I marked it in red on the chart 1 and 2. It seems like a big commitment of any investment bank or hedge fund. Thus, levels of 3355 will be very difficult to overcome. But do not think that's impossible.
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| chart 1. EUR/USD D1, 2013-11-17 |
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| chart 2. EUR/USD H1, 2013-11-17 |
Regarding my recommendation, namely, stop loss was set at the level of 3570. In the case of re-testing 3300 levels will be gradually lowered the stop loss and the next level is 3500.
If while reading my posts you have any questions or would like to share your opinion, you are cordially invited to write comments
regards,
oscarjp
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects oscarjp-chrimatistikos current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
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