ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖
- ORDER FLOW :
* LSB: breaker retest
* PROJECTED TP :
* PROJECTED SL:
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The price has beautifully sketched 5 impulse waves on the weekly chart and possibly half of the 3 corrective waves. There is still time to trade inside the 3 corrective waves until the end of the year.
found a pattern called Inside Bar (Bullish) on 2021 Jun 03 at 18:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.
The MACD generated a bullish signal on 2021 Jun 04 at 02:00 GMT.
LONG EURUSD. WAVE II RETRACED AROUND 23.6 FIB LEVEL WHICH I OMITTED IN MY FIRST ANALYSIS. NOW IS A GOOD TIME TO BUY EURUSD AS PREVIOUS HIGH HAS BEEN BROKEN MEANING WAVE II IS UNDERWAY.. RISKING LESS THAN 40PIPS FOR OVER OVER 900PIPS
BUY EURUSD . ALTHOUGH THERE'S A BREAKOUT, THIS BREAKOUT LOOKS LIKE A FALSE BREAKOUT AS I DONT SEE A COMPLETION OF MY WAVE COUNT YET. WAVE v OF 5 MUST BE COMPLETED BEFORE WE CAN FINALLY SELL... ALSO I CAN SEE A REJECTION AT 61.8 OF WAVE iii OF WAVE 5 MEANING WAVE iv JUST COMPLETED. HENCE WAVE v IS ABOUT TO BEGIN... ALSO THE RSI INDICATES A SERIOUS OVERSOLD
buy eurusd whilst risking 22pips for 100pips. using channeling technique, wave V is projected by joining the lower chanelling line through wave II and IV and extending the upper channel line to wave III. wave V is the last wave of the 5 impulse wave to form wave 1 of major wave 3. a downtrend to at least 32.8 of this monthly bullish wave is expected after...
Here is part 2 of my EURUSD ANALYSIS. Look below for the original analysis.
Price has begun it's bullish move to the upside and is pulling back as expected.
I will be long on EU until price meet resistance and form a bearish candlestick pattern, then I will look to short.
Here is the image of the original analysis performed on March...
The EURUSD pair has seen a much awaited downturn supporting the DXY's move back up to 92. However, with inflation rates projected to be on the rise with a recovering job market in the US, the assumption of near term weakness in the Dollar provides a good trade. I expect that between a US stock market coming off of lows and the German stock market sitting on highs,...