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First blog.

FxMidaso  w #Technical analysis #Trader's blog #Eurusd #Fxmidaso
FxMidaso
The first week of December has been hectic with whipsaws in major currencies. This has caused my portfolio to decrease from USD100,000 to USD20,000.
Instead of looking at what the market did, I'm concentrating on what I did wrong and how I can best make use of this situation and further improve my trading strategies. After analyzing the trades I did, I realize that I made trades by predicting that the market has topped instead of wa
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EURUSD - Monthly Fibo Uptrend target

FxMidaso Przesłano 22 Lip jako Analiza EUR/USD, Cel: 1.3560, Data: 2 z Wrzesień, 12:00 GMT  w #Technical analysis #EUR/USD
The H4 chart is plotted with Fibonacci expansion levels showing the expected price within range of 1.3560 as the 423.6% target.The daily chart showing stochastic reaching overbought level. The price is expected to reach 261.8% level and then make correction to 161.8% at 1.3066 level or 100% at 1.2947 before resuming the uptrend to reach the target of 1.3560.
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FxMidaso avatar
FxMidaso 21 Sie

the price is stagnant @ fibo resistance levels. the price will shoot up to target @ 1.3560 (about 150 pips more) after the existing house sales report or after fomc minutes.
Be extremely careful after this target is reached, there are possibility that the price will make a sharp drop after rthe target is reached.
Take this opportunity to get 150 pips, buy @ 1.3412 or 1.3398.

Likerty avatar
Likerty 21 Sie

EU have potential to move above 37xx

FxMidaso avatar
FxMidaso 31 Sie

the target will not be reached. The price action has already started downtrend. Have to wait for the current downtrend to end, and then in the new uptrend, the target price could be reached.
Will update this post when i detect the end of the current downtrend.
the price target for the current downtrend is 1.2980, close to 61.8% resistance on chart.

FxMidaso avatar
FxMidaso 19 Wrz

My expected target is reached. Be extremely careful for the sharp downturn.

VTTG avatar
VTTG 26 Wrz

Success attend you!

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