comments on the chart. I am looking for a retracement before getting short
Go with the breakout out of the channel - whichever way
Comments on the chart. Please wait for weakness before shorting. A 3rd wave can continue past the indicated resistance on the chart. Why stand in front of a bullet train? The second thing is this: Instead of trading a wave 4 why not wait to buy the 5th wave? Leave trading the wave 4s to shorter term traders and scalpers who can nip in and out of the markets at...
Comments on the chart. Barring any risk-averse news price could head higher
Comments on the chart. I am willing to test this. As I said the risk is well defined. We could look for 1.5440 first
Comments on the chart. I am looking for price to get to the 1.2000 area and there I will be looking for short entry. This move up in the eurusd in this retracement should be in 3 waves or a triangle structure so a peak on lower timeframes can help spot that structure better. I will indicate where I will enter (if I enter) when it happens. If this plan goes to...
Comments on the chart. Please note that at this stage this is one to watch only. There are bullish signs as well on the chart. I love chart patterns and would love to see how this one plays out
Comments on the chart. Will be testing the upside on this one on a break of 1.3575. Price could still fall but I am not keen to push the downside without some retracement first. I am not afraid of doing nothing with this pair as well
Comments on the chart. The triangle pattern is a time-wasting and consolidation structure. A breakout from usually leads to an impulsive move that could move very quickly. This breakout is likely to define where the world stock markets will go in the near future
Against the bottom of the structure and the 200sma as support. Other comments on the chart