It looked like a too late (the suckers are in stuff) entry and SL was almost hit, so I turned off the platform went away forgot about the trade, but for my big surprise when I came home after few hours, this is what I saw. =)) +87 pips yeeehaw
Thanks to all forexmospherians!
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Forex Market analysis relies on two types of analysis much like Stock Markets: Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.
Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more.
Jim M
Comments
Congratulations Daniel Stasziek, sometimes we need the wind behind our trades to help but the reality is, your market analysis was quite correct in the first place and so well traded and well done.