Double bottom was formed at 17240 and 17290 with a target of 19860 if 200% cycle is completed. Plus firming up that the 16624 and 16695 double bottom may play out. Buying the swing highs on the 240 with stops moving up under swing lows. Considerable strength should be behind this move as when confirmation was signaled by crossing the swing high the market...
Looks like GU was supported right on the natural price and time 1x1 angle and closed well above this level indicating it might go to the natural resistance level of tops
EUR/USD Micro confirmed higher prices when outside bar broke previous days bar high
We had an outside day confirming swing chart can swing up and possible target of 19395 for this daily swing, which in turn confirms 200% double bottom target is likely off 16695 low. If you were watching the 240 you should have got an entry of 17757. Seeking pyramids as we cross swing highs.
EURUSD has had a one-day reaction after meeting resistance at the 50% of 209 -166, which is 188. Now meeting support at the 33.333% of the major range but possibly could touch the 50% of the minor daily range between 188 - 166 which is 177
Corn has done 200% of last daily rally and you have been watching your monthly instead of useless short time frame charts then you would realise this was a buy weeks ago, just needed confirmation.
1. EURUSD stopped at 18810, note that 50% of 20924 - 16695 = 18810 2. We should see a lower low but needs to be lower than 18200 to swing the swing chart down. (A couple of pips or points is not enough) 3. We have had a turnaround at every 50% point so far; a) 50% of 2 day decline failed at the 50% at 16695 b) uptrend after breaking 2 day swing high stopped just...
EURUSD traded into my second pyramid buy zone after crossing the 2-swing high, however, there are some indications that a minor reaction coming at around 188xx zone. We should get a higher swing low than 1669 which will be a good place to move our stops under.
First sign of down trend completed with daily top taken out and if 2 day top is taken out then high probabilty of a 200% double bottom scenario
Using Gann's mechanical trading system you would still sell into this rally until a change in trend is confirmed. Today is also 100% in time 8 days from the last 2-day swing top, so I guess if it rallies into the ninth day (tomorrow) then we can probably assume the trend has changed. I will still use my mechanical trading method and let the chart tell the story by...
If the USD index continues its pattern on the 4-hour chart of 8 bars then we could have another swing top on the EURUSD
Opportunity to add to your pyramid or sell your first contract into the 1 to 2-day rally zones based on 100% of the last retracement (rally) in a down trending market with stop-loss at 181 (1.1810) zone and double up and go long if stop loss is triggered. But note that the 2-day swing chart may have failed at the 50% level of the last 2-day swing range from point...