Timing is key
Long

E/U 60 Inverted Expanding Pivot Break!

FX:EURUSD   Euro Fx/U.S. Dollar
460 5 3
Hello all,

This idea is based on an IEP chart pattern in a falling market that may be a tell for a turn to at least 130350. As this was setting up on friday no trigger was activated ( Break of upper green MLH ) so the weekend provided alot of time for traders to place their long orders so I expected a gap on open. The market has since filled the gap and provided another entry if the SL ( Sliding Parallel ) breaks to the upside. Notice how the recent downward sloping SL is picking up the price action:)

PS: I am moving my entry stop at 1 pip above each of the previous lower bars until activated or cancelled due to a close below 0-4 Line. This improves the R:R on trades like this. As of publishing this idea I am waiting for a long entry.

Sincerely,

TIK
Timing is key
2 years ago
Entry Stop moved down to 129586
Reply
Timing is key Timing is key
2 years ago
Unfortunately, stopped out on that one on a reduced risk 21 pips:(
If this thing can hold above P5 and the 0-4 Pink Line, I will look to go long again, otherwise if P5 breaks this idea will have to go to the keeper.
Reply
IvanLabrie TOP Timing is key
2 years ago
Your original target is fine imho. (I spy corrective waves beneath each run, 3 up, 3 down, I suspect we will again do a 3 wave up run to at least hit the black median line before bouncing back lower briefly.
Reply
Timing is key IvanLabrie
2 years ago
Very interesting how the market took out the stops again at P5, and has now respected and bounced above the pink 0-4 line on it's way up to the Black Centre Line and if it breaks that it should reach the higher pink reaction line around 130200:)

Thanks for your input

TIK
Reply
IvanLabrie TOP Timing is key
2 years ago
Market makers having their fun, they see the orders, so... :p
They must be bullish.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out