EUR/USD Bullish Opportunity on a Neutral Trend
Finally, the Green Bullish candlestick has break above the Ichimoku Kinko Hyo (blue highlight). It is obviously a good opportunity to place a Long position on EUR/USD. Take a look at my 240mins Chart on EUR/USD. As you can see the Chart Below, the Momentum is over 100. and the CCI is over 0 (@20.4999). Futhermore, a line that change from red to green below the candlestick is call THV3 Coral. THV3 Coral show trend is now Bullish. The Stochastic is already have a Bullish crossing.
In conclusion, it should be a good opportunity to Buy EUR/USD.
However…. there are something that I need to beware of.
First of all, the ThvTrix crossing is still not have a bullish crossing. Although the Momentum indicator is over 100, sometimes it going below 100. That’s mean the Momentum indicator are in Neutral situation. Also, the MACD still didn’t show the Bullish Arrow on the Chart.
Base on the two indicator that i mention, it is a 50/50 situation to place a Long position. For people who are a aggressive Currency Trader, I would suggest you place a trade immediately. On the other hand, people who are a must win trader, i would recommend you wait another four hour to see what happen on the next candlestick.
Aggressive Trade: Long position immedialately; exit the trade if the candlestick touch the Ichimoku Kinko Hyo
A Must Win Trade: Wait on the next candlestick and see what happen next. Entry the trade “only” when the Thv Trix has totally show the Bullish crossing.
Myself: I am choosing Aggressive Trade. It is not only i am a aggressive trader, but also is good ratio to place a trade. The worst thing happen on this trade will be when the candlestick is touching the Ichimoku Kinko Hyo ‘s Kumo. In other words, I may “only” lose around 25-40pips. The good thing is it may going to earn another 100-200pips on this trade. That’s why i am choosing to place a Long position.