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"Everyone chooses his own path. And the more obvious the goal, the easier the path."
Good morning, dear colleagues.
With you, as always, Sergey Denisov and the forecast for the possible movement of the EUR / USD currency instrument.
Do not miss the forecast for WTI oil which is expected today.
This forecast for the current trading week of January 27-31, 2020 will be the main one and the goals and possible ways to achieve them will be relevant for at least a week. All subsequent forecasts will be derived from this forecast and lead us to the "cherished goal" in the form of profit.
Well, perhaps let us start with a summary of the past week, with our results are as follows:
The trading session of the past week, January 20-24, 2020 did not bring us the long-awaited profit which was forecasted in the publication "EUR / USD forecast for the week of January 20-24, 2020.". Since the second half of the trading week, the price had just reached levels from which growth was predicted. That is, we can say that the first half of the forecast worked, however, the second one seems to have lacked in time. Well, let's try to work out the second half of the previous forecast this week.
So, I'm still with the bulls. I still consider the strategic levels (1 "old" and 2 "new") 1.1080, 1.1105 and 1.1155 to be quite promising. And with these, I will try to bring us (myself and you).
The recommendation for the current trading week, January 27-31, to buy the EUR / USD trading instrument with targets at 1.1080, 1.1105 and 1.1155, with most likely after a decrease in the support zone 1.0933-1.0955 in the first half of the week . Here's a justification:
So, I already explained my point of view about the BUY priority after reaching an important support zone.
Dear colleagues, please follow the publication of forecasts for EUR / USD during the trading week, so that you will not miss anything important and for you to earn a profit.
IMPORTANT REMINDER: I will publish "Reflections on the macroeconomic analysis of several trading instruments" on January 28. Please do not miss it.
Bullish divergence is the discrepancy between the market price and the technical indicator, in which, the "troughs" of the market prices are gradually decreasing in a downward trend. While the "troughs" of the technical indicator are growing.
Open Interest (optional market analysis) is the number of open CALL or PUT option contracts held primarily for the purpose of hedging futures positions for a particular trading instrument.
Another IMPORTANT reminder: Remember that you should enter the market exclusively by graphic patterns that are often repeated on the market, this results in a certain pattern of price behavior in the future.
In my trading, I use patterns consisting of candlestick analysis and volume analysis. One of my favorite patterns is absorption at a sharply increasing volume, followed by testing up to 50% -61.8% Fibo.
Thank you for your attention, dear friends.
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