EU seems to be forming a Huge Head and Shoulder Pattern and Price is at Daily Trendline. If respected, it should push up to form Right Shoulder.
I'm looking for EU to break some highs. If it breaks first high, take partial profit, slide stops. A WXY pattern here takes it up to break the top into that zone. I think we are probably still within a correction to push down again.
Hello, Everyone. First off, Thank you for so much positive feedback I really appreciated. Now, on the Weekly time-frame, you can clearly see that Eu is on a strong PRZ level 38% and that indicates strong buyers trying to take over. However, if we look at the MA and ema's we see that sellers are having a big influence on the market with that 700 pip drop and...
I sell from my system SMA20 cross in 1H. and add on after break out. in daily candle stick.
i buy on crossing, but it stop loss for next candle. I closed buy and sell after that.
Hi I sell after i see LL candle follows from last night big black candle. I planned to take profit at 50-61.8% fibo level.
I buy with the HH candle (dow theory) and closed (see picture) with the doji/reversal candle pattern. As it is Friday I closed the trade. However, I left with a little order for run to next week.
I think that it is difficult in the short term. Because there are MPP (S1) 1.15111 and YPP (P) 1.14786 near 1.15000. Although We can see a state of attacking 1.15000 in May and June, it was impossible to touch. It seems that the barrier is still thick. However, it is a position that can not be denied that there is a possibility of going down under 1.05000 by...
I think that it is difficult in the short term. Because there are MPP (S1) 1.15111 and YPP (P) 1.14786 near 1.15000. Although We can see a state of attacking 1.15000 in May and June, it was impossible to touch. It seems that the barrier is still thick. However, it is a position that can not be denied that there is a possibility of going down under 1.05000 by...
Updated from my last Zones posted, linked below in Related Ideas. Some new zones became apparently with the recent moves. But all in all, the sideways move was keeping to the zones quite precisely These zones are calculated using Fibonacci Ratios of past price moves. Fib extensions and retracements are projected forward in time and price. If price bounces or...
Take a look at my previous EURUSD analysis to undertsand my targets and S/R :) Take your own position and respect your money management
These zones are calculated using Fibonacci Ratios of past price moves. Fib extensions and retracements are projected forward in time and price. If price bounces or reverses, it will probably do so at one of these zones. Some zones will match previous highs and lows, since Fibs are derived from the extremes. Some zones will not match anything previous, but...
Euro was inarguably one of the top performing major currencies last week, but this week EU might surprise us big time. - ECB President Draghi promised to be “patient” on tightening the monetary policy, with that said- traders have began to weigh more intensely data that will by chance influence the timeline of rate hikes either pos or Neg.
I work hard on this pair In my mind there are 2 possibilities : -Broke of the lower low and go meltdown -Validation of the second shoulder It's hard to tell now , so let's wait for more confirmation please : MSG ME FOR UPDATE ..
We’ve reached a critical point with EU this week. Clearly reaching a credible retest for the weekly bearish engulfing after tapping 38.2 (weekly fib). EU has been down trending ever since we broke out of the daily range @1.222. Daily is creating higher highs, 4h is looking bullish. The decision boils down to the trendline (break or respect). If we break this...
see chart - cant be more simple. short at high and previous resistance levels
I buy it for cross SMA and TP at picture (1 and 2)