Be careful, this one is in a sharp downtrend, but also oversold...
Comments
WendelinProbst
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If the Euro fails to make a new days high with the current upmove from the retracement, we could potentially see another test of the lows and a Gartley Entry around 1.2968. I hope we won`t get there again ;-)
WendelinProbst
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for a real bullish move, we have to break 1.2763 and that is still a distance away. But I could imagine that many Shorties will start buying up there.
WendelinProbst
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Pot Butterfly no longer valid, very nice. Go go go.
WendelinProbst
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If stopped out BE I will try to get a butterfly entry + potential double bottom at another down spike around 1.2655. Also a nice support at the daily chart there. Let`s see.
WendelinProbst
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Moved Stops to BE and enjoying a free ride now. Maximum target with trailing stops below swings would be just below 1.32 at the .382 of the whole big down move of this summer ;-) Even if it is just a 10% Chance that we go there its worth taking it, Cable made a similar move around the Scottish vote.
WendelinProbst
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I have not drawn targets as I am shooting for big targets here. Stop is some pips below X, so not much risk for a potential bigger move.