My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks, crypto, options and indices🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on EurUsd.
Since the beginning of 2008 EurUsd has been trading in a long term falling channel and just recently retested the upper resistance trendline of the channel.
In confluence with a retest of previous support, now turned resistance, and a retest of the 0.618 fibonacci retracement level, I do expect a trend resumption lower from here.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on EurUsd.
Since the beginning of 2008 EurUsd has been trading in a long term falling channel and just recently retested the upper resistance trendline of the channel.
In confluence with a retest of previous support, now turned resistance, and a retest of the 0.618 fibonacci retracement level, I do expect a trend resumption lower from here.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡