Eur/Usd: Daily Market Trends Update 3/16/2018steemCreated with Sketch.

in news •  7 years ago 

Eur/Usd On 3/16/2018 at 8am est.. Boulder Multi Time Frame System:

1H, Downtrend, Trend stop at 1H close 1.2329, Running Period: 50x1H
4H, Uptrend, Trend stop at 4H close 1.2303, Running Period: 16 x 4H
Daily, Downtrend, Trend stop at day close 1.2430, Running Period: 13 days

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

Trading Strategy:

Currently 1H and daily downtrend ,4H Uptrend, If you trade 1H trend, preference is to short as long as downtrend stop 1.2329 held at 1H close. Since its Friday, I won't start new short entries due to 50/50 chance, the downtrend may reverse due to its running hours...

Support: S1 1.2281, S2 1.2258, S3 1.2220
Resistance: R1: 1.2327, R2 1.2350 , R3 1.2387

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!