KVE
Long

EUR/USD: In a wedge?

FX:EURUSD   Euro / U.S. Dollar
166 0 7
Possible ending structure...

Stochastics currently overbought and pointing down so we might get another push down to oversold condition at a possible area of support.
If confirmed by momentum we might get a decent long out of it...

Look for lower TF setups somewhere in the 1.0950 region or wait for breakout of the structure, as per one's preference...

Comment: Possible that we test the MA/channel trendline before going down (if we go down...):
snapshot
Comment: The move down started exactly from the expected level as per my last update.
We didin't get a new low today though and it's oversold again so it's possible that it reversed earlier..
I didn't get a chance to get in long so I'll wait for the next opportunity...

Channel breakout trade still possible for those who prefer this...:
snapshot
Comment: Buy order triggered at 1.0955 this morning, went in profit after the news but got stopped out after it reversed... I had a Gartley to short but didn't enter so I didn't get a good short entry at completion... Entered short at 1.0960 on a daily/weekly chart basis to complete a possible large bullish pattern...

1H update:
snapshot
Trade closed: stop reached
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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