Guest post Price action medium-term trading analysis for EURUSD, AUDUSD, GBPUSD, FTSE100.
EURUSD
EURUSD reacted nicely to support around 1.1200 just as I said it may happen in previous posts. The main problem is that we don’t have a clear contextual picture of this market, so any trading signals in this moment would be with smaller winning percentage and I try to avoid such trades. So, stay aside for the time being.
AUDUSD
Aussie is still in a channel with no clear sign of changing directions. No trading recommendations at this moment.
GBPUSD
We are heading towards a resolution, at least that’s how it looks right now. So, we are waiting for a triangle breakout and we will act accordingly. I personally prefer short position but that is not important because as someone said: “The price is always right!”.
FTSE100
FTSE100 is in great up-trend and this trend looks very healthy from a technical point of view. So, we will monitor this index and wait for retrace within a trend for a possible buying opportunity.
For now, stay aside and follow me on Twitter @accounts_forex.Good Luck!
Darko has over 4 years of experience with the Price action trading, 6 years trading part-time. Tradingview handle DARKO551
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