We don't usually post with so many indicators on the chart - but thought this was worth sharing.
Euro COT data is favouring the upside - when you add Elliott wave patterns to the daily, you will see we are in the process of the 3-4 wave. This matches the current COT data levels nicely.
You will see slow momentum (corrective) down.
The Strength index is showing the two currencies running basically in parallel - also standard for correction.
In addition, we have added momentum and volume data to highlight some interesting pieces of information.
The Heatmap called the bearish pullback - We also use Advanced Get charting tools and all point towards completion of 4 and a continuation of the Bullrun once the target is achieved of 4.
Waiting for Long entries on this.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Euro COT data is favouring the upside - when you add Elliott wave patterns to the daily, you will see we are in the process of the 3-4 wave. This matches the current COT data levels nicely.
You will see slow momentum (corrective) down.
The Strength index is showing the two currencies running basically in parallel - also standard for correction.
In addition, we have added momentum and volume data to highlight some interesting pieces of information.
The Heatmap called the bearish pullback - We also use Advanced Get charting tools and all point towards completion of 4 and a continuation of the Bullrun once the target is achieved of 4.
Waiting for Long entries on this.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Discord Server for education and advanced techniques: discord.gg/5t3w47raHe
Master the Art of Trading: amzn.to/3nUfB9r
Prop firm partners (FTMO)
shorturl.at/hBEQ4
Master the Art of Trading: amzn.to/3nUfB9r
Prop firm partners (FTMO)
shorturl.at/hBEQ4