good morning everyone!)
yesterday EURUSD has broken above 1.1 structure resistance.
the next safest level to sell from is 1.18:
it matches with a current autumn's high
and it is a completion point of a projected ABCD pattern.
as always, wait for confirmation within the underlined zone before taking the trade!
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the...
So guys its been a while since this pattern showed up on the radar...
Still bullish bias
Clusters at ab=cd and the 23.6% retracement, indicates that the buyers should be stepping in to the market around these levels, especially when you see how price reacted.
Besides that, its not a bad idea to go in the direction of a harmonic pattern after a pullback to...
Welcome to my profile, I will try to update it more and more with trading videos as well. The support of @1.09030 its my target.
Also, let's go on the chart, the best price level to open sell is on the resistance up-channel trend line, but I will open sell and this will work like stop loss for me.
Also, a weekly gap from 2017 I believe will full...