The_Cannalyst

Midterm: Long/Shortterm: long? = Long?

The_Cannalyst Updated   
FX:EURUSD   Euro / U.S. Dollar
40
The midterm trend which i have illustrated with the green count is bullish in this TF. If we could trade above the last valid green "2" a bigger longsignal would be initiated. TP=1.13.
The trend after the ugly "FOMC-Hammer" a few days ago is also a bullish uptrend (manganta count). If we could trade above the last valid mangenta "2" a shortterm longsignal would be initiated. TP=1.123. 5 If the last mangenta "3" will be underbidden, a starting beartrend will be formed in the ultrashortterm view (yellow count) TPs: 1.1135/1.1118/1.11

Supports: 1.1145 EMA 200 / 1.1155 / the illustrated fibos & EMA 90 and 1.1090 (trendchannel)
Resists: 1.1190 / 1.1198 /1.1235

RSI: selling-signal
Comment:
Comment:
no more mangenta count - the yellow bearish one is active yet
Comment:
if the last yellow "2?" will be underbidden, the next tps could be 1.11177 1.11
Comment:
Comment:
Comment:
sorry, this is the right one
Trade closed: target reached:
reached tp
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