This is some simple markups for EURUSD from my webinar last night. As you can see you have a big head & shoulder weekly pattern and a few weekly zones. The pattern just broke its neckline, and did its small retest. I am looking for a drop below 1.139 zone and retest to continue dropping to the next 1.10 zone. After that i'm hoping to see a the big retrace back to the neckline with some confluence with a 38.2 retrace before doing a pretty good "DROP IT LIKE ITS HOT" down to the 1.08 zone, another 38.2 retrace and BOOM!!! On to Bikini Bottom! Obviously this is for educational purposes only because it is not just one move, trade at your own risk & discretion. Follow proper risk management even if its demo and follow all your trading rules and market rules.
-ONLY TRADE THE PATTERNS ON THE ZONES.
-NO RETEST NO ENTRY
-ETC.
-ONLY TRADE THE PATTERNS ON THE ZONES.
-NO RETEST NO ENTRY
-ETC.
Comment:
GUYS, IF THE WEEKLY CLOSING LOW IS NOT BROKEN TODAY, STAY AWAY FROM THE SHORT SIDE FOR NOW. And REMEMBER, I POST MOVES THAT MAY TAKE WEEKS TO COMPLETE, SO HAVE PATIENCE.