This chart is more complicated then I like to post but its presenting an idea of mapping structures. If we know where we sit in a structure then we have a better idea how to play at each stage of its formation. Trend is definitely down and we are challenged with a dollar bull, however if we say this is how the formation of a structure develops then we should see an upside here.
break and retest of the 1.17300 handle, entry point? Where would the stop go?, and targeting 1.22000 ?
kate25
⋅
@gremic, this chart was about mapping structures - lets look at EurUsd. First to be said I have an interest in everything that is price action related. Secondly I have posted this before - I play simply and by this method imgur.com/a/hzpFpAw - wither a break from the engulfer or a return to it.
kate25
⋅
@gremic, price hit here - where it broke down from
kate25
⋅
@gremic, these are the three varibles - will they hold price up
kate25
⋅
@gremic, at 12082 - we will know if the dollar was turned down - and at that point we will have an answer to long or short - I play simply - I try keep my rewards 1:2. 1:3
UnknownUnicorn493766
⋅
@kate25, interesting, i will watch this one, thank you for your replies
kate25
⋅
this was my first attempt and I may have got lucky when it bounced off of the guard