Dem0n
Long

Bullish Bat\Butterfly Pattern & Stoch overbought (daily\weekly)

FX:EURUSD   Euro / U.S. Dollar
436 11 5
Multiple signals show EURUSD             downward trend since August 24 is coming to an end.
as shown in the chart

thanks for your watching
Best Regard
Comment: Sorry guys, I made two mistakes:
1. Stoth should be oversold, thank ksaravanancbe friendship remind here.
2. Wave count error, update the diagram as shown below:
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i believe this trade will work as a lot of traders have the same sentiment for the Eur/Usd, great show here man
Reply
Dem0n KayJay
thank you
Yes, there are many people who have the same idea, but on the more people, the more I would worry, like buffett said:
"when others fear I greed, I panic is when others are greedy."
So let the market tell us. :)
Reply
KayJay Dem0n
Yeah " Warren" is the man, but I still think buyers will jump in around these level which can make the market go up and if there are not patient market will eventually wipe out all the buyers.
Keep an eye on the FED as the big fishes are waiting for that
Reply
Dem0n KayJay
yeah,everything is possible.just wait is ok.
Reply
KayJay Dem0n
yes being patient with your trades is the key to success
Reply
Dem0n KayJay
Thank you for your advice, I will :)
Reply
KayJay Dem0n
Man, I can't advice you I'm a newbie
Reply
Dem0n KayJay
no,we can learn together.
Reply
KayJay Dem0n
Sure, cheers
Reply
Hi, nice charts! I agree with your second chart and think that we might get the scenario as depicted by your red arrow. The big correction which started in March is likely over since we broke the flag pattern, re-test now and then down for the next big bearish impulse...?? We'll see what happens, my view (count is probably wrong, still learning...):
+1 Reply
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