1163 will be the Resistance for WAVE3-5, AND it's quite important a resistance. Will impulse up to 1177 once it got broken.
Support levels are 1150 and 1144 as marked.
So, wait and see.
VM-RED Trading Strategy:
A typical .886 combinationof Fib has formed.
So, a VM-RED strategy can be adopted to take this trade. Although we've missed the best entry level, it's the thought that matters!
As shown in the chart.
entering the support zone soon = 1.25
which is the support of:
two uptrending trendlines;
1.27ext, also a potential ab=cd / cypher pattern;
well, I hope this is enough to support on 1.25.
Daily intervel, facing a strong support = 1.052.
Be careful with your short.
In the opposite, I do think there are some odd that this pair will bounce up to 1.085 in some way.
Anyway, m not guessing. All R/Ss are calculated and verified through the left.
Well Well Well,
Big fish is gone and a new fish coming...
Remember the Head-N-Shoulder, that's the fish tail as I mentioned in previous analysis.
It's ALSO the fish head in future as I stated here.
Just give it some time and be ambitious yourself.
EURUSD: Fish coming
L1.06457 acting as a support now.
Stop below, and target the previous High in the bigger fish ~ 1.07200-350.
This is my way of fishing.
Any comments will be welcomed.
~ Big Fish Jason
RULES OF "FISHING":
Rule No. 1: use it in trending market
Rule No. 2: obserbe the tops and bottoms
Rule No. 3: if you found the fish head, entry when reversing
Rule No. 4: If you missed the fish head but noticed the reversing, entry when breaking
Rule No. 5: fish tail forming, exit then
Rule No. 6: Stick to Rule ...
Trading is like fishing, and waiting is a must.
Currently this pair has just touched a R/S and might be running upward in a "fish body", as long as keep the Tops and Bottoms moving upward.
So, wait for the loud and clear signal.
Blue fish had swam away, and so did the Green fish, but we still ...
EURUSD wait for bouncing up and see.
approaching the support of 1.051 support, which is the 1.618ext of previous swing. So it may has an opportunity to swing up to 1.06.
By then, if the SMAs still pointing down and no more crossing over, we can short.
Major trend is going down, so I dont suggest to ...
Gold is always popular, as its name and meaning.
December is coming, FOMC is gonna make a bold and surprising action. That's why gold has been falling inrecent days.
Anyway, what we need to do is only "follow".
Obviously news last night hit gold again, and I dont think now is a good time to follow. ...