Long reversal trade are setting up on Euro, we have a nice confluence at 61.8% where 32.8% of the large swing are coming in,
and the median line of the large fork.
it seems we could have a triangle forming right now, so that is the realistic expectation T1, target 1,
then if we are very lucky. maybe we could brake the non existent triangle in the future and go sky high? to T2.
and the median line of the large fork.
it seems we could have a triangle forming right now, so that is the realistic expectation T1, target 1,
then if we are very lucky. maybe we could brake the non existent triangle in the future and go sky high? to T2.
Comment:
one more thing to note here is that price was rejected below the median line.
Comment:
For anyone who catched this move based on my idea, congrats!
what a trade! if you are still in and wonder when to exit now, you should ride it for as long as it takes, still no retrace since the move started speak of it's strength, however, it is going up way to steep to be sustainable, one easy way is to just draw a trendliune below price, and trail your sl up below it, then you get exited automatically on a trendline brake.
what a trade! if you are still in and wonder when to exit now, you should ride it for as long as it takes, still no retrace since the move started speak of it's strength, however, it is going up way to steep to be sustainable, one easy way is to just draw a trendliune below price, and trail your sl up below it, then you get exited automatically on a trendline brake.