8/18 Euro-Dollar sells from the 1.6000-1.6200 zone hit accuracy
The wall near 1.6000 on EURUSD has been analyzed since 8/5, and it is shared with those who are learning SMC.
A few days ago it hadn’t been reached yet, but they say that going long around this red shaded area is dangerous.
Yesterday, it finally reached it, and it is stopping at the appropriate place.
When price movement is weak, it is OK to sell with a limit order.
When there is volatility, there can be overshoots, so short-term analysis is necessary.
The important thing is to anticipate what kind of movement will occur after this.
Forex moves continuously, so forward-looking analysis is very important.
If it goes lower, where will it stop? If it goes higher, what will happen?
Under what condition should we buy or sell?
FX is a game where win or loss is decided by the accuracy of analysis.
Therefore, I always devote all my energy to finding “where the wall is.”
To that end, tracing the footprints of institutional investors is the shortest route.
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