PRICE ACTION TRADING. STEP FIVE Draw the box, use a support and resistance bars. STEP SIX Find a PA ( Price Action ) reversal pattern. PRACTICE,PRACTICE,PRACTICE AND PRACTICE SEE YOU AT NEXT VOLUME !! Update status
i'm not going to bore you with a long winded description on what i think is going on and give you the complexities why? because my style of trading is made to make the most complex market seem simple by trading only support and resistance using price action for entry and that is my system For those struggling to find a trading opportunity on EU all you need is...
DETAILS ON CHART, IF NOT TRIGGERED WITHIN 10-30 SEC - CANCELL A TRADE AS THE CONTINUATION OF THE EU CORRECTION IS POSSIBLE, PLACING A LONG ORDER ALSO
BUY @ 1.131 SL @ 1.270 and TP at @ 1.150 ( we might see some unusual movements due to BREXIT rumors but EU is a buy for both short and long term )
There may be trouble ahead... Grexit is hiding in the shadows behind Brexit, but former Greek FinMin believes Grexit in 2016 is more likely than last July . Greece has a colossal amount of ECB debt obligations to meet in July. Negotiations and general turbulence look set to hit its peak in the month before, just as the Brexit vote is taking place. But...
UK100 on the Downtick , few bumps here & there.... but 6020 is fast coming ( 6020 is my final TP)
TTIP trade talks: Greenpeace leak 'shows risks of EU-US deal' and may drive EU short to 1.12 this week. Secrecy encompassing the discussions has fuelled huge fears that US enterprises may dissolve Europe's consumer protections. The precautionary guideline can drive a producer to demonstrate the nonappearance of threat from a product. There have been protest...
Fundamental Today we have good news about Dollar . Now USD have more power than EUR . Technical I saw wedge pattern on EU chart . Sentiment In trading view chatroom , guys trading EU short . Outlook EU has broke wedge support and its going to face another support at 1.13 . If EU break this support , it's going down to 1.125
even thought there is a lot of event risk this week I can see a possible right shoulder printing for EurUsd on the 4h chart. Risk Reward is excellent if you are able to catch a short on the right shoulder as I do. TP1 - Neckline 1.250 TP2 - 1.110 Good Luck!
CHANGE PLAN I apologies that Wave 4 can be TRIANGLE -*- it can go up to 2 faces the one is the last plan that i did. 2. The triangle : if it coming to like this, SELL ONLY. For Wave 5.
see chart for entry- confluence with structure and psychological level at 1.11