The Idea/View is pretty much self explanatory.
This is a very basic view of the EURUSD, that has been and probably still remains bullish. The bullish bias can be supported by the very strong impulsive moves that we have seen for the most of 2017, coupled with the failed reversal that we've recently seen.
NOT A SIGNAL: MY SIMPLE NOVICE VIEW
Possible selling opportunities on AUDCHF as it look to re visit highs last reached on 2015-03.02.
I be looking for some candle confirmations around the D area (ABCD).
If entered i'll be looking to target the 38.2 and 61.8 of AD (TP1 & TP2 respectively).
Just my view...
This is one of the pairs that i will been watching this week. I have put as much detail as i can on the chart- and believe my idea to be really simple.
Feel free to critique and correct any faults, as I'm still very much learning the markets.
Possible Long Position on EURAUD.
I have I have a short term buy projection (XABCD-red), with a somewhat in complete medium to long term sell projection (xabcd-blue incomplete). My targets short term (immediate) targets would ideally be the retracement of CD: Fib levels 0.38, 0.50, and 0.618.
The long term is still highly speculative at this stage... We'll have...
Not too sure about this one. Am i forcing the trade?
Bearish ABCD Formation. Sell at D, Proposed targets to be Fib retracement of CD: 0.318, 0.50 and .618.
*Please don't follow my trades blindly- I'm a rookie. Feedback welcome.
Hi. (please don't crucify me- I've been learning on my own for 3months). This is what i believe to be a very good xabcd bearish harmonic pattern . Points B and C are based on the 50 and 61.8 Fib levels. There is also a perfect ABCD Formation : with AB = CD Relatively spot on. My setup proposes a sell at point D , with my Targets being Fib Retracement (of CD)...
