This idea is based on a combination of median line analysis and Elliot wave theory. The two gray and blue pitchforks date respectively back to 30-04-2014 and 05-09-2013. Please zoom out to see both slopes. The reasoning behind this technical analysis is shown on the chart, along with concrete targets and stop loss. Good luck guys
i start to long from early June. Go lower and long more!
Where will you watch to at this uptrend? I think 1.374~1.377
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FX_LAB_PRO
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4h macd is almost cross and close , i think it is time to long...
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Let's hope so, It makes sense that a rally will take place, not only for EURUSD but for GBPUSD as well and although they are not highly correlated? But they both reflect USD strength/weakness. Lets wait and see what will happen. Thank you for the heads up!
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FX_LAB_PRO
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you cut your position?
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However, If we come down and close beneath the last close in the next hour, I will close the position
3baid
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I am still on waiting for last reversal then closing
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FX_LAB_PRO these downwards moves can be intimidating right? Bollinger bands can relieve a bit of that if you are able to use them wisely to identify reversals!.