Re: Swing Calls by desifxtrader
Something is cooking for sure...
On my charts, the weekly looks to be very promising and heading north, having broken the high of the last week it's pretty clear.
There are two problems though, the daily charts look like it has lost steam and would like to retrace a bit before resuming the northward journey.
The second problem is on the daily charts major indicators indicate an over bought situation....
Adding to this confusion is the four hour chart, with their perfect higher highs and higher lows....
life as a forex trader is not easy it seems
to conclude, in my opinion, if we stay above the high of last on friday day close, next week or two we will see bulls on the rise. if we close below the high of the last week this friday than the bears will have their day.
As of today and tomorrow, the euro is looking for that escape velocity to break the resistance levels of todays high..... lets see.... anyways, we will be in profit in any case if we keep our cool
Euro is doing well overnight, what is charts suggesting, will it rally now.