Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.2210). if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . EURUSD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 50.
hi I am new to trading for about 2 months and only have £120 to play with and I understand how to buy low sell high but I have no idea how to make any trades or make money on a downtrend I take it that you are holding both fiat money as I would only be holding Eur on the above chart and sell on the high in your highlighted sell zone.
what I don't get is the profit window on the downtrend ,
sorry if this is a stupid question, thanks again for a great chart cheers
Mehmetozdemi
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Lovely analysis, man! Looks very clean!
clickcapitalsolution
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forecast analasis its very clear picture .easy to trade .you have save my time and efforts for analaysiang markets .thankx 2 forecast
what I don't get is the profit window on the downtrend ,
sorry if this is a stupid question, thanks again for a great chart cheers