EurUsd is due for its intermediate decline in the following days/weeks. It will become obvious for everyone once the red trendline is broken.
I'm waiting for the tag of 1.1428 ( FIBO 38,2%) and maybe 1.1221 (FIBO 50%). If EurUsd is starting a new multi year bull market we will need to tag the 100 and 200 EMA on the way up again and again.
Comment
⋅
SHORT ENTRY AT 1.19726.
Comment
⋅
Comment
⋅
The trendline since the ast DCL was broken and back tested on the hourly chart.
Comment
⋅
Trendline back test on the hourly chart. Necessary ingredient for the further decline.
Comment
⋅
*** daily chart... (not hourly)
Comment
⋅
Head and shoulders will be ready soon.
Comment
⋅
The head and shoulders pattern broke down. All who is with me in this trade will need patience to let the winners run here. This is just beginning. The pattern traders had just entered this game.
Comment
⋅
It has weeks to drop.
Comment
⋅
Comment
⋅
Today was the day where we should have broken down the H&S pattern. I have a feeling that we are printing one more shoulder next week and break down only there for a final panic selling.
@chartwatchers, Let's say you would have entered 100k EurUsd short 2 days ago.
Now enter 50K if there is a pullback you enter the other 50k. If no pullback you ride with 50k.
chartwatchers
⋅
@chartwatchers, I think tomorrow it will be hit again with not too much pullback..
All the currencies are reversing.
@chartwatchers, Arpi can you give an update about the Euro?
Hassanfx_Expert
⋅
sir SL plz
chartwatchers
⋅
@Hassan.saeed881994, You know I hate stops. Especially on the free web.
But this time I'm so sure about this move that I suggest to put your stop at 1.1205.
We will tag 1.1650 earlier than 1.1205 would be taken out.
kalanyali
⋅
@chartwatchers, I think Hassan ment SL for short position opening. I would say : 1.1960