www.tradevulture.com

Let's see if momentum really is slowing

FX:EURUSD   Euro / U.S. Dollar
55 2 0
EURUSD             has been on a nice sell off since Monday's high last week. Every pop was opportunity to short. Momentum appears somewhat to be slowing down. On Monthly, I see potential for a pop of S/G, but we will see how much of a pop we will get. I think we should at least retrace to the leg start around 1.0986, if we can get a pop around/near the level we closed Friday.
To some degree, I feel as if I am forcing this falling wedge. But the lower time frame will show change in momentum 1st. In bear markets momentum slowing down, doesn't always equate change in direction; hence why it is critical to understand what legs we are retracing. The leg start around 1.0986 seems somewhat important of a segment to test. The key is will this current level give us a pop. It's not really a leg start; rather a s/g level. The segment leg start I believe is closer to 1.710ish
Reply
www.tradevulture.com www.tradevulture.com
1.0710ish I mean
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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