Forex Useless Analytics August EUR/USD - Part 1 : Opening Line Spotted

INTRODUCTION

I'm beginner, so i'm very open to hear about correction from you. In this post i dont write about how i analyze the market, but just telling you what action i will do from my analytics. While waiting monhtly closing Forex Useless Analytics GPB/USD Part 1, i'm trying to find another opening. This time is EUR/USD

ANALYTICS METHOD

Recognizing the market's behavior by analyze candles. Using Boilinger Band, and reading news update for support.

1st Analytics

I'm drawing Monthly Trendline (climbing up pink line), Price Barrier (two horizontal pink line), and you can see Monthly Boilinger Band (pink dotted line), and Weekly Boilinger Band (blue dotted line). I added 3-Month BB (light blue dotted line). I'm sorry if the line is hard to be seen.

This year trend the price is going up. But for 3 weeks the price is flat. Then we can find that the price is climbing again in 4th week of August.

Even weekly price is closed above the Price Barrier, it's not save to open LONG now, because the RISK is too huge, about 700pips !!!

So let's wait monthly closing or waiting for the price is touching Upper 3-Month BB.

Thank you for reading, see you next time.