The EURUSD
is under pressure. It has reached its lowest since June 2010. I was searching
on the internet and saw the article EUR/USD Outlook July 9-13 written July
the 11 (2012).
At the end of the article is a technical analysis concluding that the market is
bearish.
But is it
possible to gain a profit on the EURUSD where the market is falling?
The answer is
that traders have possibilities to find profit in the market on the EURUSD as Forex
trading is to find fluctuations in the market. Just study the EURUSD charts and
you will realize that the market is in a downtrend but the currency rate is also
rising.
On my blog
and in one of my articles I have written about the trading strategy BollingBands and the stochastic indicators as a trading strategy. On my blog is also a
link to the Alligator trading strategy.
I was at
the PLUS500 trading platform July the 12 (2012). I went through the 5 minute
chart using the Bolling Bands and the stochastic indicators as trading indicators.
The two indicators showed that there was a trade between 9:25 to 10:25. The
rate rose 12 pips from 1.2213 – 1.2225. There was another trade again from
10:55 to 11:30. The rate rose 7 pips from 1.2216 – 1.2223.
Watching
the Alligator indicator shows that the first trade doesn’t meet the Alligator
indicator but the second trade does meet the Alligator indicators rules.
