Fomenka

Fomenka

waiting to complete the wave e of the larger bearish triangle and start its descend to parity with USD ))

Fomenka

well... waiting for EUR to top. Playing with short-term opportunities.

Fomenka

not sure about subdivisions of wave C but I think AU shall allow one more move up. On 1H there is a rails pattern against strong support level.

Fomenka

waiting for EW and price action to confirm the reversal. Will post updates.

Fomenka

not a trade. Just and observation with a feeling that this is bullish picture.

Fomenka

Looks like the price bounced of the interim support (pinbar) and consolidated before a move up (inside bar). The sentiment is confirmed by divergence in RSI. However it is also possible that the move down is not complete yet as the price did not reach 86.2 which seems to be the solid support level. A buy stop order will save me in this instance.

Fomenka

A lot of opinions about what is happening in EU at the moment. I see it as 4rth wave in the form of expanding diagonal. Or may be it is 5th wave in expanding diagonal. Either way the odds are for the new high and the recent pinbar is the PA confirmation for this trade. RSI shall not make a new high marking the end of the trend up and beginning of long expected ride down.

Fomenka

Waiting for bullish engulfing bar or something like this. And thanks to @stanchiam for this idea of EW count.

Fomenka

Divergence in RSI + PA setup and complete EW count will provide opportunity for the trade.

Fomenka

I see a sequence of 3-3-3-3-3. Can end in a thrust to 1.35 despite most of people are bearish.

Fomenka

Accurate pinbar marking the end of B wave. Negative divergence in RSI.

Fomenka

Pinbar with huge tail resting on 200MA and strong support.

Fomenka

EURUSD drew two price action patterns on Daily TF - inside bar and pinbar both bouncing off the interim low and in line with existing trend. At lower time frames EW looks incomplete.and assumes one more leg up. This is also supported by look and feel of GU, NU, AU and DXY.

Fomenka

converted to bulls camp on AU. The pattern seems to be a clear 3-3-... zigzag with wave c to come. Will be looking for PA confirmation.

Fomenka

Looks like EUR is about to bounce in the final wave c of abc zigzag. After that I'll be looking for a short entry

Fomenka

EW count is complete, RSI divergence, resistance level, pinbar is formed. Once it has broken the floor of the contracting diagonal the odds are toward abrupt fall.

Fomenka

EW count is complete. Pinbar against resistance.

Fomenka

not a trade yet. Simply an observation.