EURUSD Watch lower time frame correction and Buy Long

EUR/USDOANDA

Description

⋅ Oct 6, 2018 8:27 AM

Hi everyone,

EURUSD is struggling at the bottom and forming very nice price action for Trend Reversal. It has broken up the bearish trend with power.

How you can trade on this chart.

1. It is forming correction on lower time frame watch that to complete and buy on breakout.

Or

2. Wait for the price to retest the bottom and buy it from recent bottom.

In case price turns into bearish trend continuation pattern and breakdown and test the previous low then we will buy it from previous low.

Good Luck.

Please support the setup with your likes, comments and by following on TradingView thanks

Comment

⋅ Oct 6, 2018 8:30 AM

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⋅ Oct 6, 2018 8:32 AM

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⋅ Oct 11, 2018 6:23 PM

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⋅ Oct 11, 2018 6:23 PM

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⋅ Oct 11, 2018 6:38 PM

Comments

ZiltchX

⋅ Oct 6, 2018 9:45 AM

same here friend imran

Wave-Trader

⋅ Oct 7, 2018 8:26 AM

@hyacinth, Nice char mate

ZiltchX

⋅ Oct 7, 2018 4:43 PM

@Wave-Trader, thank you brother and teacher ;)

putdejudom

⋅ Oct 7, 2018 6:56 PM

@hyacinth, i very agree with this but what if the Monday market crash down to 78.60% is the pattern going to change ?

ZiltchX

⋅ Oct 7, 2018 8:44 PM

@putdejudom, no pattern will change after making a new low otherwise it still valid even with a 100% retracement which is not probably going to happen
good luck friend

muneebakhlaqfx

⋅ Oct 7, 2018 7:16 AM

amazing setup. million likes for you

Wave-Trader

⋅ Oct 7, 2018 8:26 AM

@muneebakhlaqfx, Thanks.

pring

⋅ Oct 6, 2018 8:38 AM

Hi,
Is it possible ?

Thanks for your analyse.
It is very usefull.

Wave-Trader

⋅ Oct 6, 2018 8:53 AM

@pring, yes

AndroCosta

⋅ Oct 8, 2018 11:15 PM

@Wave-Trader, are you still anticipating the breakout for a up trend breakout? :) great charts ..