Eur/Usd: Daily Market Trends Update 6/7/2018

in forex •  6 years ago 

Eur/Usd On 6/7/2018 at 8am est.. Boulder Multi Time Frame System:

1H, Uptrend, Trend stop at 1H close 1.1760, Running Period: 43x1H
4H, Uptrend, Trend stop at 4H close 1.1650, Running Period: 9 x 4H
Daily, Downtrend, Trend stop at day close 1.1950, Running Period: 52days.
Weekly, Downtrend, Trend stop at day close 1.2535, Running Period: 3 week

( Note: Those stops will change with hour close and price action)

Trading Strategy:

Currently 1H and 4H uptrend, daily and weekly are downtrend. If you trade 1H trend, preference is to long as long as uptrend stop 1.1760 held at 1H close.
1H has been in a strong uptrend since open, it may top out within a couple of hours

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