EU Bulls could test Top range of Daily Symm.Triangle

FX:EURUSD   Euro / U.S. Dollar
189 6 9
although daily pattern appears bearish ( Bear Flag ) EU Bulls could be on their way to test top range and complete final pattern wave.

--Still waiting on a pullback to test Yellow TL, won't be long till a decent pullback occurs.
Nice analysis, although I'm having a hard to understanding the relative importance of diagonal lines I can clearly see how you came up with this. It'll be exciting to watch, thanks.
SighTTrader Steven_Maas
The Colored Diagonal Lines represent main pattern Support/Resistance (Blue, Yellow), except last green arrow, that just shows direction and end of current Trend. Gray Diagonal lines, thats just the TV triangle pattern tool's way of showing swings.
SighTTrader SighTTrader
Red TL also S/R
Steven_Maas SighTTrader
Yeah oh sorry, I might not have made myself clear. I can understand how you used them, it's just that I personally can't trade the diagonal lines live. Sometimes they do sometimes they don't get respected as support/resistance, it seems very unreliable when I mingle with them for some reason :P
+1 Reply
SighTTrader Steven_Maas
ohh IC... Heres Some Unsolicited advice :) , cant take every approach to a TL as a safe bet, to enter off a trendline accurately you must have other reversal entry conditions in order to accurately enter a strong TL. Learning DayTrading patterns helps, makes swing trading more profitable.However, even then you wont always get them right, at the end of the day High Probability trades is all you can aim for.
Steven_Maas SighTTrader
Well that's some great advice! I'll continue to try and incorporate them into the idea of a full set of tools. When I get to be successful I'll let you know and maybe I'll share some charts with TL's on them once again. Thanks ;)
+1 Reply
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