EURUSD - Consolidation finished, ready for another Bullish move
Hi guys,
Hopefully you caught a piece of the EURUSD consolidation (see linked idea). Most of our indicators are signaling the end of the consolidation move and the beginning of a new Bullish move. Both the X Meter and Wave Trend (30 minute time frame) are turning Bullish. The long term Currency Barometer seems to confirm this pattern. There are several Cypher patterns that also confirm a Bullish move. As soon as Trend Signal gives me an entry, I will buy the EURUSD. I will use Trend Signal as my final confirmation (as usual).
NOTE: for those that follow my idea - I will focus exclusively on the EURUSD moving forward. Why? I feel the pair is easy to trade and more importantly, I need a pair with higher liquidity. My orders are getting larger enough that liquidity is effecting my fills. I usually cash out half of my account and start again, but I decided to keep building this time.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
Hopefully you caught a piece of the EURUSD consolidation (see linked idea). Most of our indicators are signaling the end of the consolidation move and the beginning of a new Bullish move. Both the X Meter and Wave Trend (30 minute time frame) are turning Bullish. The long term Currency Barometer seems to confirm this pattern. There are several Cypher patterns that also confirm a Bullish move. As soon as Trend Signal gives me an entry, I will buy the EURUSD. I will use Trend Signal as my final confirmation (as usual).
NOTE: for those that follow my idea - I will focus exclusively on the EURUSD moving forward. Why? I feel the pair is easy to trade and more importantly, I need a pair with higher liquidity. My orders are getting larger enough that liquidity is effecting my fills. I usually cash out half of my account and start again, but I decided to keep building this time.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
Comment:
This run looks tired. I'm going to take profits here. It could go higher, but I'll play it safe and take the 60+ pips.
