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maxw3st
May 25, 2019 3:14 PM

EA trend following 

Euro Fx/Australian DollarFXCM

Description

Currently short ea from 1.66808. Waiting for the pair to get back up to around that level to add. It is just under the 50% of the retrace of January's spike high.

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The pair has retraced to one of the points of support from the last leg up. It appears to have started the next leg. Given how heavily manipulated both underlying currencies are generally, it's difficult to project normal trading expectations here. It should proceed on another leg up of approximately 375—500 pips. This would get into the range for entering short to add. Otherwise I'll wait till it does. Looking for a minimum of 1.6456.

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EA is set up for a move higher into the zone to add short.

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200 to go for the bottom of the shorting zone. A couple more major 50% levels to go, two down.

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once past the reference 50% here, it could go for the Jan hi at 1.68. The measured move is to 1.6488.

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expecting a 2 day correction here and then continuation as noted above

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continuing to work at the 50s. We may well see progress this week coming up from a 2 day correction.

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Significant progress this week in moving up through all the 50% levels. Closing in on the target area now. Limit short set for 1.6576

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Added to my short at 1.6624. Will wait for next swing up to a high and look for topping action. 1 more to add once a top has formed.

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On the weekly or monthly this is in an uptrend. The current high makes a double top with the Jan2 '19 high. Will add to the short once a top has formed.

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Added a short and closed it for 350 pips after the recent high. Holding 1 and waiting for the next swing up to a high (like the 1.68 area) to add.

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Possible longer term time/price line.

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Currently waiting for this to complete its next move to a high. I have a short waiting at 1.7024, but they may be adjusted as the pair gets into the zone.

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Still climbing slowly. Waiting for the next swing high to enter short.
Comments
UnknownUnicorn4870840
NICE CHARTING
maxw3st
@Ali-wave, thx. Looking to see if we get another lower high over the next couple months. AU dropping on trend could do it.
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