Hey guys, another follow up on EURUSD.
There is NFP in a few more hours.
Right now we see a potential bullish shark completing on EURUSD.
The zone of interest is between 1.0580 - 1.0620.
The reason for this big zone is because shark pattern has 3 different PRZs.
1. XA 88.6
2. XA 100
3. XA 113
The gameplan will be to go long if price rejects this zone after the NFP news is out.
If the price just bashes through the whole zone during NFP, this pattern will be invalidated and there will be no more trades on this.
There is NFP in a few more hours.
Right now we see a potential bullish shark completing on EURUSD.
The zone of interest is between 1.0580 - 1.0620.
The reason for this big zone is because shark pattern has 3 different PRZs.
1. XA 88.6
2. XA 100
3. XA 113
The gameplan will be to go long if price rejects this zone after the NFP news is out.
If the price just bashes through the whole zone during NFP, this pattern will be invalidated and there will be no more trades on this.
Comment:
Price moving nicely south. Almost near my entry level.
Comment:
Hey guys, EURUSD has reached my area of interest at 1.06.
However, I have yet to execute my long as I was waiting to enter after the USD news yesterday.
The news did not move the pair much and I am calling a near bottom for Euro.
Final trigger will be for USDCHF to hit 1.01 to complete the bearish butterfly then I will go long on this.
Bullish shark pattern still valid.
Be a little more patient guys!
However, I have yet to execute my long as I was waiting to enter after the USD news yesterday.
The news did not move the pair much and I am calling a near bottom for Euro.
Final trigger will be for USDCHF to hit 1.01 to complete the bearish butterfly then I will go long on this.
Bullish shark pattern still valid.
Be a little more patient guys!
Comment:
Went short on USDCHF last night and did not take this trade. Just like the round number on my usdchf setup nicer.
Both pairs are highly correlated.
EURUSD up, USDCHF down, so I only traded one of them yesterday.
EURUSD indeed moved up as predicted when USDCHF hits 1.01.
Those who went long on this will not be disappointed too.
Both pairs are highly correlated.
EURUSD up, USDCHF down, so I only traded one of them yesterday.
EURUSD indeed moved up as predicted when USDCHF hits 1.01.
Those who went long on this will not be disappointed too.
Comment:
I am referring to this USDCHF setup which I posted just 3 days later.
Order cancelled:
Did not take this trade but took USDCHF instead. No more updates on this going forward.
