AkifTokuz
Short

EU H1 Short @ incoming R2 or R1 MIDAS resistance lines

FX:EURUSD   Euro / U.S. Dollar
119 10 2
Waiting for bearish confirmation patterns occur at R2 or R1 for going short
Nice job AkifTokuz !!! Great use of a great indicator, nicely done!
Reply
coondawg71 coondawg71
Of note, my experience has been that the closer two indicators converge the greater likelihood they have of being broken.
Reply
AkifTokuz coondawg71
Thanks coondawg. All MIDAS lines converge by time since they are averaging and as the time progress the percentage of the different data they used for calculating the average get smaller and smaller. (The different data are the data between the two start points) For this particular case both of the bands are resistance bands and their start points are not far apart so it is natural that they are close by.
Reply
Roads are never direct in Forex... But we will eventually reach our destionation. Going nice up to now...
Reply
On our way to the target set by monthly chart.
Reply
As expected we are going down...
Reply
Update:
Reply
Now it looks like it was early to call S2 is broken.
Reply
I need to go upto monthly timeframe to find support for poor Euro.
So our target for our short is 1.2250.
There two Midas lines on the chart. Even if they are 4 year apart from each other all Midas lines eventually converge.
So both of them telling us at 1.2250 there must be some support to stop the fall.
We will see...
Reply
GMT 17:25 update

Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out