Hey guys,
With EOS/USD back above support, I’m loving today’s price action and have to share.
Take a look at the higher time frame chart featuring the zone that I blogged about the other day and have linked to in the paragraph above:
EOS/USD Daily
Not only did price kick back above the zone, but it’s also now retested it as support and held. Something we look for when it comes to deciding direction you should be trading.
Now zoom into an intraday chart and look at this beautiful short term retest:
EOS/USD Hourly
Price pulls back into short term previous resistance turned support and rips faces off.
The same sort of setup we look for over and over again. Did anyone take this one and get the immense risk:reward ratio on offer?
Nice 😎.
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
It has surged, but it is expected to drop again and support it.
It will be effective in the medium term perspective.
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I am a forex analyst/strategist also.. Looking to share ideas with you soon! Followed you.. Do follow back
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I see you've only got a few blogs so first up, welcome to Steemit :)
It's a long, hard road ahead of you man. I wish you all the best!
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Thanks!.. I hope to learn to be successful on steemit just as u are soon enough
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Love to see people from TradingView.com around here too, you do know that USD got destroyed on friday?, this influences everything related to USD, of course this includes cryptos as well, I actually think more move to the downside is expected, just because we had a two hour spike doesn't mean the coin is going to move up in the longer term. I'm glad you caught that move and hope you keep making good predictions. BTW, you're a forex trader or a crypto trader or both?
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I trade both forex and crypto short term.
My blogs are mostly identifying higher time frame levels across whatever market I feel is in play and talking about ways that you can go about managing your risk around them.
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Uh, just noticed I wasn't following you... I plan on posting some stuff here on steemit related to trading to help some people about trading in general... too many people lose money thinking they will become overnight millionaries...
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Yeah, I analysed the same scenario in my blog and I also advised to open a long position on the support. It has been paid out ;)
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