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Forex Trading Strategies – Eur Usd Coming Down?
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Forex Trading Strategies -Is Eur Usd Coming Down?

Lets look at the daily chart as seen above. The eur usd has been heading up since the 4th of june 2010. And it is finally meeting the 150 moving average as shown in the highlighted oval.

To double confirm if there is further confluence. Lets look at the weekly time frame.

eurusdconwPrice has too reach the 365 moving average in the weekly time frame. Remember guys, the higher the time frame. The greater the respect these levels come into place.

Now that we have 2 confluence together. It seems that price MAY actually head for a temporary down turn. Taking a break from its up trend.

We will now wait for price action confirmation to enter.

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About Ezekiel Chew

Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.

Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.

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About Ezekiel Chew
About Ezekiel Chew

Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.

Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.

GET THE PROPRIETARY ONE CORE PROGRAM
(The same system I use to make 6 figures a trade with)

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