Using Magic 72 experimental technique. The dotted redline may have no effect, if so uptrend move to around 1.12 until March 18 (option 2).
Reajust the chart scale based on the static screenshot below
Static screenshot:
A buy set up is now in motion. Once price pulls back towards 1.11 and selling becomes exhausted price is then likely to begin rising towards the previous highs around 1.14.
I am seeking a buy entry on a 4HR candle around the 1.11 once price action presents a signal candle.
That was quick. the EURO just blew through our trigger without stopping. The swings are crazy. We are nixing our trigger trigger zone and will wait until close of today to determine next opportunity.
He giveth and taketh away. Uncle MARIO laid another turd this morning sending the EURO straight down. The euro zone is in deep trouble and there is no reason to believe it will get better anytime soon. We are shorting pops.
She's broken. If we can get a pullback to the trigger zone tomorrow we will look for a trigger to get short. If we can't get the trigger by end of trading day (in the US) Wednesday then we will stand aside until the US Unemployment number on Friday.
Hello again,
Here is my analysis on this pair again I am still learning to we shall how this plays out when some news/information is released over the next couple of days as the dollar could get weaker.
As always I welcome feedback good or bad to help me with my trading journey before going LIVE
Hello again,
Just doing some more analysis on another pair, this is what I think may happen as the FED will be increase their information on whether to keep or change interest rate in the next couple of days which may weaken the dollar.
Again I welcome any feedback good or bad as mentioned I am only testing my knowledge before I go LIVE trading.
The Euro blew through our watch area without triggering but rebounded late during the Friday session. We wanted to be long by now but we are not. There is a lot monetary news events out of Europe this week so we will be cautious of our positions. For now, we want to look for a trigger long (which may happen over night so get the coffee brewing) down to our...
So as you could see there is a possible bull flag on the Euro/usd chart with a 1 day timeframe.
Let's see how it's gonne turn out (My opnion one more down to the lower TL and than it will break the upper TL)
Let me know what your opinion is!
Happy trading!
Right now there is too much going on, I recommend stay out for today and tomorrow (if you are lucky and dont have any positions) and see what gets confirmed
for one side we have the up trend which is on wave 4/5 of elliot although its a bit too much retractment for my like (nothing that we havent seen before) if the pair can retake the 1,1471 then the 1,16-17...
This steep market decline in the S&P500 requires a lot of attention! until there is clarity speculation about the depth of the correction will prevail.
The Good
La st week the U.S. economy showed good signs of job creation, CPI index at 0.1%, housing starts were strong.
The bad
The conference broad still expect moderate economic growth, building permits...
1. ABCD Fib Extension Complete
2. Daily Demand breached then small rally
3. Untested Supply Zone where price wants to retrace
4. AB=CD potential set up ( see www.harmonictrading.com)
5. Symetrical Triangle showing price consolidating before drop!
I am waiting for 1 hr PA in the RED Supply Zones to enter a SHORT trade!
Best area for RR shorting will be...
