Eur/Usd: Daily Market Trends Update 6/15/2018
Eur/Usd On 6/15/2018 at 8am est.. Boulder Multi Time Frame System:
1H, Downtrend, Trend stop at 1H close 1.1626, Running Period: 25x1H
4H, Downtrend, Trend stop at 4H close 1.1825, Running Period: 6 x 4H
Daily, Downtrend, Trend stop at day close 1.1857, Running Period: 58days.
Weekly, Downtrend, Trend stop at day close 1.2535, Running Period: 4 week
( Note: Those stops will change with hour close and price action)
Trading Strategy:
Currently 1H, 4H, daily and weekly are downtrend. If you trade 1H trend, preference is to short as long as downtrend stop 1.1626 held at 1H close.
Long if price can break above downtrend stop
The quarter month week and day have closed lower than the previous. Its near mid year end in june, the second quarter. Last year closed 1.2001. Bears need to close 1553 on the day. Or it should rise. The year pong at 1447. Norm at 1446, I expect shit to hit the fan soon. Norm may not be reached. I don't know for sure, this area anytime now may be a wtf area on the larger scales. 1446/to current lows may be supportive . Eu did dip a toe below 1553, but so far. The day, week and month closed above. They closed above after being below. I will be buying dips above 1446 area. In the management of R/R The reward to 1.2001 is greater. Norm atm is 1.2052. The last year candle is bullish.