DavionL

DavionL

0.786 strategy testing

DavionL

Back testing

DavionL

waiting for this formation to confirm when it reach point D. RRR 1.92

DavionL

making some predictions

DavionL Updated 

Forming ABC wave

DavionL

Looking for short term up trend

DavionL

Looking for a long term down trend for EURUSD

DavionL

Trend broken with previous trend resistance retested

DavionL

Just like what we had predicted 20 days ago, price indeed move down to touch the trend line. The bottom of the channel is confluence to a previously resistance area, now support zone most importantly it is at 50% retracement level. RSI is near over sold zone indicating a buying signal! So there is a buying opportunity soon with high probability of moving up in the...

DavionL

Generally there is a change in trend (ABCD triangle pattern and break below the trend line), lets wait for a correction move than most likely to go lower, would consider to sell if break above 38.2% but closed below 38.2% with a full black candle as confirmation followed after the close below 38.2% line. Alternatively we can look for sell opportunities at the...

DavionL

Generally in a negative view on this pair

DavionL

Potential Reversal is on the way

DavionL Updated 

Gartley

DavionL Updated 

resistance zone, with sign of over bought and reversing candle.

DavionL

wait for pull back

DavionL

50% retracement? possible?

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Some thoughts

DavionL

Potential down side move, price has hit the recent structure resistance, it is so close to 50% fib retracement so similar to the previous price movement. there is a chance that the price will do the same thing again. however we have to be careful as the RSI is showing a divergence at the moment.