|
Re: Currency Analysis
The Euro and USD caught my eye on the weekly chart, this appears to be a hanging man on the Euro and an inverted hammer on the USD. I know you would normally want to go short EUR if you get the right confirmation for your trading plan, but would you also want to go long the USD? And also, could this give any type of guidance to the Feds move this week? I remember reading in Nisons books that dojis don't play as big of an influence in a downtrend compared to an uptrend, but is that the same with inverted hammers?
|