It is optimally to sell when pulses are up | 06 November 2015

06 November 2015, EUR/USD

Daily chart: there is a feel that yesterday it was a local swing bottom from 1.0814. It lets bulls to conduct a safe correction up for the downward trend. But the data NFP may break yesterday bottom and thus the swing down will be on to the 7th figure. Although. the correction to 1.10 would be optimal for finding new deals down.

It is optimally to sell when pulses are up

Hourly chart: we have a local bullish O&U that also means a northern local tendation. The price to 1.0935-1.0950-1.10 can be used for finding short-signals.

It is optimally to sell when pulses are up

Scenarios: 1) Coming up when the data NFP in the zone 1.0935-1.0950-1.10 and then a sudden impulse down and the beginning of new swing in the 7th figure. 2) Straight decline to the 7th figure in the case of negative data for the euro. Trading solutions: 1) It is very risky to trade today. It is better either not to make any transactions or try to sell if price goes up.

Aleksey Panasenko
FreshForex Analyst
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