Hi everyone. The EURUSD touched its 20-day FLD on Tuesday … an alert which went out on Twitter.
Are you finding the Twitter alerts useful? The same alerts will be going out on Facebook starting from next week, and while testing that process I realized that the important thing is understanding the significance of the alert, rather than simply seeing the chart.
And so I have asked a few simple questions on Facebook, and thought that I would do the same here …
Here is the chart:
So the questions are:
- Did you expect support here?
- Or a downside target?
- And if you expected a target, where would that target be?
Most important if you are still learning is to figure out the reason for the answer. Just guessing isn’t going to help. The fun thing is that you can look at what happened to the EURUSD since Tuesday, and see how it played out. But no cheating! Answer the questions first …
EDIT: I have provided the correct Facebook link which actually takes you to the post on Facebook instead of a bewildering array of Facebook nonsense (thanks to Lynne S)