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I will begin EURUSD Chart Analysis for December 17th
This is USDJPY 30m candle chart for yesterday.
It was route A. First long position, and then short position switching timing.
It was an opportunity for both sides.
It seems about $500 movement. Congratulations for those who made profits.
Today we have 30m candle chart for EURUSD.
Recently, FX margin trading position seems to be in the midst of both uptrend and downtrend.
I will briefly summarize.
1. Please confirm route A & B with A’s long position entry timing / B’s short position entry timing and each price points at the right side.
2. In case of route A, please check if the price goes down below the long position entry point / Then please refer to route B. If the price rises, please check whether it touches green parallel resistance line. If it shows a suspicious movement, please switch your position according to the direction of arrows.
3. In case of route B, please see if the price goes above entry point (orange trend line with an additional candle). If it does, please refer to route A.
If the price does not go down below the final blue supporting line, please enter long position.
This is it for today.
Today is Tuesday when we see lots of tricks. So be careful.
Please wait with patience and cope with the wave pattern that you can deal with.
Based on orange trend line and 4H chart’s parallel supporting line, I’ve checked converging section, so please refer to this.
Also please refer to GBPUSD(Which have the same direction with EURUSD) and USDCHF(Which have the opposite way).