It's way too early to pinpoint my next entry, but like I mentioned in my last idea, I'm looking long!
This chart is a sketch for what's to come.
I think lower lows are likely, short term,
so i'm going to watch very closely for a break in bearish structure,
then I'll be able to isolate the best demand zone to buy from.
I'm expecting consolidation and then a break...
I told you September was going to be a big month! That's over 500 pips taken in two weeks just about!
Where to now!?
Well, there was a very strong bullish rejection at the bottom of the channel.
You have to bank on the channel until proven otherwise, because we're talking about a 9 month trend.
When it ends we'll all know. Back to the top!
I'll have my entries...
I already went in depth in my last post last night, so definitely check that out in "Related Ideas" for details about this trade.
Just like my last swing trade I have two entries in strategic price ranges.
Unlike last time though, I got stopped out on the way up this morning.
Instead of being 60 pips up this morning, I took a 2% hit to my account. Sad times...
I've been waiting all month for this break. It should happen by Monday at the latest.
The money's to the downside
It's actually pretty self explanatory, price is testing resistance and will drop after.
This pattern is so important to understanding how institutions accumulate and take profits in this market.
This pattern isn't a completely unique framework to EURUSD, but it's part of this market's DNA.
Finding these patterns requires linear regression (which works best with high resolution data; lower time frames), to extrapolate a central channel which will...
I've been scalping the last few days so I haven't been able to post my trades.
The next leg of this short move should start at around 1.003
You can see the breakout pattern has already started.
So hopefully we get up in that area later today, or tomorrow.
See you then!
Here's everything I've considered on the technical side ahead of what should be a massive week in the market.
Last friday I got in short, but I exited and took close to 35 pips profit ahead of the new week because my gut tells me we haven't seen the highest high
I'm going to wait and find out whether that's true or not, and trade accordingly
Well...the market took it's sweet time producing this setup!
It's been over a week since I first posted about these entries but it looks like it's finally here!
This is entry 1 of 2
See my original idea for more info!
This bearish channel has been the central theme of the entire year.
The market Stopped for the holidays and right after New Years day, we saw the break out that lead to this downtrend.
Every big move this year up or down has been stonewalled by the upper and lower limits of the channel.
The median has also acted as a key support and resistance level, which...
Another brutal breakout pattern
I've been out of the market for the last few days, but if I see price close below .99 I'm shorting!
Other wise I'm waiting to see what the market does at the price line.
Good Morning traders!
This swing trade picked right back up from where my last one left off,
following the markets bearish trend down just short of 1.0000 hopefully all the way down to .97000
Good luck today in the markets!
This, to me, is the next possible short scenario now that we've seen yet another fast paced breakout long.
The speed of these moves long makes me doubt that they'll last. I'm still looking short.
I'm looking for price to sit still in this area for the rest of the session for me to consider going short from here.
These breakout patterns are my most accurate...
The way I see it, the market can break either way from this position.
The current market structure could yield two possible long entries and one quality short entry.
I'm not going long in this market, because it's currently trending down, but I'd be more than happy to catch the retest at the base of this wedge.
Look out for the trade update, if the short...
EURUSD has reached a price range that hasn’t been seen since 2002 A.D.
9 years before TradingView was discovered.
What these ancient price levels can tell us about the market today is that price still has a long way to go before any kind of support might be found.
.97500 seems like a good place to target going forward.
This is a move I've been anticipating since this range formed late last month.
There's a 100 pip gap in resistance sitting right above this range, I have a feeling that's where we're headed.
This is a straight forward supply & demand setup!
I'm anticipating a spike tomorrow morning
If price closes below the lowest low in this range before price hits one of...
My swing trade from August 10th just won this morning!
In 11 days, this trade has taken 323 pips!
That's a 17.79% return from this one trade.
This is my biggest payout of the year! I can't wait to see where this market takes us next!
God is amazing!
I think this is the best short opportunity of the day coming up within the hour.
One of these supply levels will yield a return.
I had to post this quick so that it wouldn't be too late by the time this idea got posted.
This is yet another day trade in conjunction with the swing trade I made short from 1.03235 on August 10th.