Nice Elliot wave count and we have a nice double top where price re-tests the resistance zone. Confirmation on our RSI and MACD indicators. A great sell opportunity should be available if price breaks the bottom trend line and corrects for a sell setup.
All the best mate :)
Great sell oppertunity. Major confluence on our time frames. We have a nice Fib level and multiple divergences at our previous tops. Stochastic is also leaving our overbought zone.
Lets keep watch mates
Great buy oppertunity. Wait for your stochastic before you consider buying this trade setup. Best option is to place a buy stop. Ill update this chart more for you guys. Lets see what happens.
Please always use risk management. It helps. :)
I did a nice monthly review on the EURUSD. Way too much confluence on this currency pair.
1. We have been trading a major correction this whole time.
2. Major flag
3. ABC Pattern.
4. Bullish Butterfly.
I placed a PRZ where price can reverse. If price continues to drop and leaves the harmonic patterns PRZ box from the bottom im no longer interested...
Another harmonic pattern available at a very strong support area. Stochastic is also nicely oversold. Wait for confirmation before buying. If price leaves our box from the bottom im no longer interested in this setup.
Lets see what happens. :)
We have a nice harmonic pattern at this stage. On the weekly chart the trend is approaching our Fib zones. Lets wait for confirmation before we sell.
If price leaves our box from the top im no longer interested in this setup. I'll be looking for another sell oppertunity. (preferably my Fib. Zones)
Lets see what happens.
Setup displayed at a strong support zone. We can expect the trend to reverse at this point and head towards our Fib. levels. We also have a nice oversold region on our stochastic so we have more confluence to go long on this trade. The trend is most likely done correcting. Remember we no longer interested in this setup if it leaves our PRZ zone from the downside.