6E is on the powerfull Up trend this day, will be stop and go down on the support area to go Up again.
Normally you can expect 200% from a double top but in this case confirmation came in at 150%. A test of 50% is needed shoulld the downtrend want to remain in place.
I'm sure the Europeans will be excited to wake up and see the the Euro is out of the basement. Of course makes sense that this would happen while they're all sleeping. Thanks Asian session buyer?! Down channel is now broken. After pausing at a Point of Control (not viewable 6 hr chart) - its picked up steam and heading to towards this POC only viewable on...
May '22 bottom around .12xx, March '23 top of triangle then breakout to tgt...if you don't mind to roll over...:-))
Hello Traders In the absence of today's close to analyze volume. the euro/dollar future is still short, at least that is the information that the volume indicator says. The fast volume indicator just gave a short signal, also the slow volume indicator confirms the short trend. If the price closes below the 38.2% fibo there is a good chance that it will go for the...
Hi Everyone, Waiting for a Break-out. No comment!!! Good Bye and Good Trading!!!
Let's wait for a "U" turn. still looking to upward
Easy buy for EUR next week. Let's see how my plan works for a long swing trading opportunities ! Please set up your SL, once it works I would spread my cost in at least 3 buys to start swing trading.
Seems it is the End Of Consolidation based on the current market structure and context. So Aim For 1.186
The overnight Comex Futures market just watched 4 Billion worth of Gold Contracts get liquidated, in a low liquidity market causing a Flash Crash. This was 24000 Gold Contracts. You can read about that in the attached chart at the bottom. So what happened? The US Dollar Index (DXY) spiked blue on chart. This caused the price of Gold to go down, as well as the...
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - Chart only, I don't use indicators, MA, signals and trend line etc. Your comments are highly welcome. We need a relax and happy trading with happy ending on each trade. My chaos drawing is not to predict and guess the further, it is my plan where...
EUR is turning to upward in H1 time frame now, let's see how it go up this week!
todays maxpain values will magnit towards the Market Maker max pleasure levels
The other day I posted a 12 hour chart showing the clear divergence between the price and the RSI. While this remains true when I zoomed out to the daily chart looking for ideal entry - I noticed a larger structure. This will allow for a double bottom - I suspect that we will spend a few days on the lower trendline testing it. If it holds at around 1.16800 -...
12 Hour Chart shown The Euro is an regression channel and so is the RSI both going opposite directions. This a big triangle that the EURO is in - using the (1) line of the Fib, also the mid-line of the triangle - so this could be considered a double top as well, and this case the target. AUDUSD offers similar prospects, USDCAD already on the move....
I expect the ECB not to make any changes, this is due to the Strategic Review Report which they released recently (June Meeting), European policymakers made it clear that they won’t be TAPERING (key word) anytime soon. Market participants anticipate a dovish tilt on the monetary policy stance. I expect the ECB to increase quantitative easing to stimulate the EU...