Categories: Technical Analysis

Buying Dips In EURUSD

Last week the cash rate caused the USD to lose some of it’s value and I think we have also all the technical reasons to see the EURUSD continue higher. I’m following the up trend line seen on the Daily chart. I think every drop near it will be a buy opportunity while the price is trading above 1.07. Here is the plan:

Technical Overview:
W1 – 20 candles ride on the Bollinger Bands, continuing divergence

D1 – potential Up wave duplication

Entry:
H1 – Look for double wave drop down near the up trend line preferably with hidden bullish divergence to be formed.

Video Explanation

Yours,
Vladimir

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.