Eur/Usd On 5/9/2018 at 8am est.. Boulder Multi Time Frame System:
1H, Uptrend, Trend stop at 1H close 1.1834, Running Period: 1x1H
4H, Downtrend, Trend stop at 4H close 1.1996, Running Period: 83 x 4H
Daily, Downtrend, Trend stop at day close 1.2403, Running Period: 23 days
( Note: Those stops will change with hour close and price action)
Trading Strategy:
Currently 1H Uptrend, 4H and daily downtrend. If you trade 1H trend, preference is to long as long as uptrend stop 1.1834 held at 1H close.
Support: S1 1.1832, S2 1.1805, S3 1.1759
Resistance: R1: 1.1888, R2 1.1805 , R3 1.1759
Currently EA has 1 open positions for this cycle
A L close above 1864 should help.
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Resistance level are like support
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if the 4 hour 1822 holds w/o a LL.. It had a good chance to test 1.2.. the target likely to be 1970 or more. A close tomorrow above 1858 would help. Chances are decent near 1822 will happen in the next 23 hours.. Void the 1970 target with a LL.. The month week and day have a lower close. The trend is lower. Buying w/o being near 1822 is probably not a good thing. "Near" is not precise.. the closes I posted mean the lows are likely to be tested or deeper. So its better to wait above 1822 so the stop risk is smaller. The trend is against this long. Try to risk the least amount for the 1970 reward.
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