Looking at long positions on EU to claim the BSL sitting above as we have claimed a lot of SSL and I think a pullback is due entry is based on the 15min FVG Fill and SL is just below the SSL and PL. TP is the first major BSL risk reward is 1 : 3.16. Please give feedback
Here's my outlook on EU, we got that BOS, now waiting for a reaction off the void before entering in for a long position. TP set to session high. Trade could become invalidated if price does not respect the void.
It's taken about two weeks but price has finally shown me everything I wanted to see to confidently enter longs on EU. As it's Friday I wont be entering today and will wait for Monday. The red line is what I expect from the 15 min TF. Will look for a 15 min choch to the upside and enter targeting the 4H high
First full week of the new month. My expectation is that market will grab sell side one last time possibly with a big push, and then chase buyside from late last month. Ultimately I think the month will close red however.
I see short term trade opportunities both to the down and upside.
Short term trade set up to hedge long position, ex-dividend date may trigger sell off.
While price made a higher high, RSI set another negative divergence.
Also noting buy volume is getting thin.
In EW terms, this rally off the June low seems to be corrective 3 waves.
Contra argument: neckline around 57-58, coincide with huge volume profile wedge, may provide...
Got FOMO'ed in b/c WEB kept buying? Take measure to protect yourself from a potential drop in the short term:
It started with negative divergence in March, noticing that volume did not follow through after the breakout, it might end up with a H&S formation that project to the low 40's (blue lines).
That region happens to coincide with:
- the yellow trendline with...
Hello trenders,
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High potential on the upside, undervalued and part of utility sector it makes it a hot stock.
Given the circumstances in EU the price will go up starting by this winter.
Perfect for your portfolio diversification, good for short or long term.
Good luck.
Be wise don´t...
EURUSD | SELL! | INDICATOR BASED.
As you can see, EURUSD is overbought, I expect retracement to the level highlighted on the graph, along with the complimentary fundamentals tomorrow making USD stronger and dropping EUR.
Momentum is building for a bearish sell.
EURUSD is showing strong potential of trading below the breakeven parity level and I highly believe that by the end of August we could break the parity level and trade below it for the rest of 2022.
Looking at price action on this one I see 0 reasons for buying, in fact all we are forming is constant lower highs and lower lows... which suggests we are in tune...
Little scalp on EU which could pay out over the Asia session, if you check DXY we got a Pennant formation aswell. Price appears to want to use the POC to gain momentum.
