This is just a very fast analyse.
I have an MA crossover on the Daily and Bollinger bands are tightening. This is already telling me that the fall may be stopped out soon. 2 support line's on the chart = Potential reversal zone's on the Daily, but looking to 4H and 1H it could reverse earlier. The question is how strong will it be? I don't believe to much in going short here. I stay out and wait. If it breaks below this fat black line on the chart I'll look again into this eurusd pair, otherwise if its reversing somewhere before I'll look for a good place for entering.
I have an MA crossover on the Daily and Bollinger bands are tightening. This is already telling me that the fall may be stopped out soon. 2 support line's on the chart = Potential reversal zone's on the Daily, but looking to 4H and 1H it could reverse earlier. The question is how strong will it be? I don't believe to much in going short here. I stay out and wait. If it breaks below this fat black line on the chart I'll look again into this eurusd pair, otherwise if its reversing somewhere before I'll look for a good place for entering.