A little update for EUR/USD for those trading it.
No doubt the big transitions are pointing down and EUR will find it's way down to 1.04xx previous lows.
But there are temporary target's ( possible ) Target's here:
drive.google.co...BPx-Zm-Cuv/view?usp=sharin...
Once first is reached EUR has to break DC cycle for upper transitions, as well we have the 20 break / 28 fail on the lower 606 cycle.
Of course, Gold will join for this ride down and met 1346 - 1277.
We simply need to wait for FC accumulation to come close to 46% and on the right last two boxes to turn red, which will be done after sub transitions are preciously tagged.
prnt.sc/oo0bwu
But, of course, we should end this story with one more push up.
So,
Gold ...
If you remember I pointed out 1446 monthly transition. We are at the FC and its extension ( 1335 - 1339 ) you can get these levels in one of my previous ideas along with the rules.
1446 had to provide strong reversal, and that reversal should have sent gold down below 1339 and 1335 for the downside. Instead gold is doing so-called transition cycling. Goes up n down crossing these levels. Once you notice that, the first thing you do is pull out sub transitions to see signaling, each sub corresponds to two targets. So the way how they are broken is signaling 1/3 or in the best case 1/5 from the main transition.
In other words, it is signaling a buy with two levels to watch at one being 1453 and second 1464 with its extension located at 1468.
For this scenario, we should not break 1429.
My suggestion is to wait for Gold to come close to the 1430 area and place your buys ( marked on chart ).
If that doesn't happen we will catch another entry on transition backtests.
If I take the trade, I'll update the idea.
In the extreme scenario, I don't think 1417 will be broken downwards, because that would be signal to reach 1399.6.
If we are to make the move it is due to be done in the following days.
No doubt the big transitions are pointing down and EUR will find it's way down to 1.04xx previous lows.
But there are temporary target's ( possible ) Target's here:
drive.google.co...BPx-Zm-Cuv/view?usp=sharin...
Once first is reached EUR has to break DC cycle for upper transitions, as well we have the 20 break / 28 fail on the lower 606 cycle.
Of course, Gold will join for this ride down and met 1346 - 1277.
We simply need to wait for FC accumulation to come close to 46% and on the right last two boxes to turn red, which will be done after sub transitions are preciously tagged.
prnt.sc/oo0bwu
But, of course, we should end this story with one more push up.
So,
Gold ...
If you remember I pointed out 1446 monthly transition. We are at the FC and its extension ( 1335 - 1339 ) you can get these levels in one of my previous ideas along with the rules.
1446 had to provide strong reversal, and that reversal should have sent gold down below 1339 and 1335 for the downside. Instead gold is doing so-called transition cycling. Goes up n down crossing these levels. Once you notice that, the first thing you do is pull out sub transitions to see signaling, each sub corresponds to two targets. So the way how they are broken is signaling 1/3 or in the best case 1/5 from the main transition.
In other words, it is signaling a buy with two levels to watch at one being 1453 and second 1464 with its extension located at 1468.
For this scenario, we should not break 1429.
My suggestion is to wait for Gold to come close to the 1430 area and place your buys ( marked on chart ).
If that doesn't happen we will catch another entry on transition backtests.
If I take the trade, I'll update the idea.
In the extreme scenario, I don't think 1417 will be broken downwards, because that would be signal to reach 1399.6.
If we are to make the move it is due to be done in the following days.
Order cancelled:
Trade set up invalidated. Remove any buys from the area on the chart.
Any buy here is now getting very dangerous. First Move action still works ( older followers will remember )
Start opening your wallets and prepare for the down move!
Any buy here is now getting very dangerous. First Move action still works ( older followers will remember )
Start opening your wallets and prepare for the down move!
Comment:
I cannot be in front of the chart now. Please set sell entry at 1463. Will post later.
Comment:
I have put in 5 standards in 1463 as a test position. At 1470 I will be 10% down.
Last move offer spikes. Don't freak out!
Last move offer spikes. Don't freak out!
Comment:
Now one more thing to keep in mind. If we drop without hitting 1464 then again this will not be the down move. Just another down move followed by another sharp move up.
Comment:
EUR USD hit the first target 1.1189 btw
Comment:
EUR USD cleared the 2nd target. Great.
While 1453 is not touched this trade setup is valid.