Forex pro trading

Forex analysis review How to trade EUR/USD on November 29? Simple tips for beginners. Strong movement, two trading strategies Posted: 28 Nov 2021 06:46 AM PST Analysis of previous deals: 30M chart of the EUR/USD pair The EUR/USD pair abruptly and unexpectedly began an upward movement on Friday. However, one can talk about surprises for a long time, but strong movements are often unexpected. The main thing is that novice traders had to be ready for an upward movement, as the pair settled above the descending channel at night, thus forming a buy signal. Therefore, at that moment, on the 30-minute timeframe, it was possible to open long positions. What is important: at the time when the European trading session opened, the price moved away from the point of formation of a buy signal by only 5-7 points. Therefore, even with a delay of several hours, long positions could be opened. As a result, the pair passed about 120 points in a day, which cou

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Forex analysis review EUR/USD COT report on November 26. Traders have surfeit of buying US dollar and decide to take profits Posted: 27 Nov 2021 04:33 AM PST EUR/USD – 1H. Hello, dear traders! On Thursday, EUR/USD made a reversal in favor of the EU currency and started rising. Besides, it continued growing on Friday. The pair closed above the level of 1.1250. Therefore, its rise may continue towards the next correction level of 161.8% at 1.1357. At the same time, the downtrend corridor is still active and indicates traders' bearish sentiment. Therefore, I consider the current rise as a correction. I think that traders tried to take some profits on already opened sell trades on Friday. There was no information background on Thursday, as well as on Friday. ECB president Christine Lagarde's speech was the only event in the economic calendar on these days. However, Lagarde said nothing relevant. I have mentioned before that the ECB is

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