Been a while since posting the EURUSD pair.
The weekly not having any luck with the most immediate resistance level. On a momentum sell divergence selling off of 1.32
The more immediate time frame looking like a higher low bounce is in order. Reverse divergence, but the most recent momentum was quite sure, so whatever bounce happens we need to expect selling pressure
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.