Welcome trading legends,
In this blog, we’ll be trading the EUR/USD asset using the signals provided by the Tools Trades website and the IQ Option broker. Be sure to stick to the end of the video as I’ll be sharing a special promo code with you.
Allow me to explain why I’m trading this particular asset.
Today, the EUR / USD pair is trading in the range of $1.2060-1.2110, after retreating from a three-week low of $1.1990 during yesterday's US trading. On the hourly chart, the pair remains below the MA (200) H1 moving average line ($1.2100). On the four-hour chart, the situation is similar. In this situation, it is probably worth starting to stick to the southern direction in trading, and you should look for exit points for selling.
The main scenario for promoting the pair - break out of the $1.2025 support (March 1 low) and maybe a decline to $1.1990 (March 2 low)
An alternative scenario - if the area of $1.2110-20 (March 1 high, MA (200) H1) is broken, the pair can rise to $1.2180 (February 26 high)
Yesterday the EUR/USD was trading higher and closed the day in positive territory around $1.2085. Today it was trading in a narrow range of $1.2080-90, staying close to yesterday's closing price. On the hourly chart, EUR/USD is still trading below the moving average MA (200) H1 ($1.2120). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the EUR/USD remains below MA 200 H1, it may be necessary to look for a sell entry point at the end of the correction.
Probably, the main scenario - is the continuation of the decline to $1.2020 (low of the American session on Mar 2). An alternative scenario - may be consolidation above the MA 200 H1, followed by a rise to $1.2240 (Feb 25 high).
As you can see the signals from the Tools Trades website have worked!
The promo code that you see on the screen will give you more trading signals if you use them on the Tools Trades website.
Be sure to watch my other videos on the channel and read the blog page so you learn more. If you want more videos like this be sure to like and subscribe. Thanks for watching and
May the Forex be with you.
תגובות