CRInvestor

4hr EURUSD working its way up into OTE short sweet spot

FX:EURUSD   Euro / U.S. Dollar
275 1 0
On this holiday session, I have taken this opportunity to weigh in on some issues I may not normally look at. The beautiful thing about harmonics is that they applicable across all asset classes and time frames. Here then is a look at the current 4hr EURUSD             cross. After a precipitous drop from 1.38314 down to 1.32946 it appears we are slowly working our way back up into resistance. At the same time we have a very well defined bullish ab=cd price pattern working. Coincidentally, the bull ab=cd price target and the OTE             short ss             happen to be at just about the same level. This coincidence gives me high confidence we are going to work our way up into that level. At this point (1.36) it is far too late to get in on the long side. Indeed, the current OTE             long sweet spot just so happens to be right at the same level as the original 'BoT' (trend following model) entry. So at this point, I would be willing to consider buying near that 1.346 area ('buying dips') with the goal to take profits at the bull ab=cd target. Once that level has been hit, I shall be stalking short setups (off the 1.368 area) as I believe that is the higher time frame trade at work ......
TradingView just messed this chart up....this is the first draft...final copy: https://o.twimg.com/1/proxy.jpg?t=FQQVBhg3aHR0cHM6Ly9zMy5hbWF6b25hd3MuY29tL3RyYWRpbmd2aWV3L3EvcXBIQ1N1am1fbWlkLnBuZxQCFgASAA&s=j79mzOOfeOJoQ5YnAjxBnWbOtVG-Jms28bxPlH6vy3U
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out