IM A COMPLETE NOVICE BTW. SO I'D APPRECIATE A LITTLE COMMENTARY IF YOU HAVE ANYTHING TO ADD :D
NEWS OF Q.E PUSHED THE EURO TO A MAJOR DEMAND LEVEL AT THE 1.1200 AREA. DESPITE THE LONGER TERM BEARISH SENTIMENT, I'M LOOKING FOR A PULL BACK TO THE 1.19108 LEVEL FOR ANOTHER LONGER TERM SHORT TO BREAK THE LOWER DEMAND ZONE TO BRING THE EURO TO THE 1.06900 AREA.
(BEAR IN MIND THE MARKET CAN BREAK TO THE LOWER SUPPLY LEVEL WITHOUT ANY RETRACEMENT)
NEWS OF Q.E PUSHED THE EURO TO A MAJOR DEMAND LEVEL AT THE 1.1200 AREA. DESPITE THE LONGER TERM BEARISH SENTIMENT, I'M LOOKING FOR A PULL BACK TO THE 1.19108 LEVEL FOR ANOTHER LONGER TERM SHORT TO BREAK THE LOWER DEMAND ZONE TO BRING THE EURO TO THE 1.06900 AREA.
(BEAR IN MIND THE MARKET CAN BREAK TO THE LOWER SUPPLY LEVEL WITHOUT ANY RETRACEMENT)