dakaodo

dakaodo

Already had a triangle breakout up, complete with two H1 legs. Subsequently price has found good support above 110.40, sooo I'm thinking further extension up to probe Friday's range (below the low from two weeks ago). My H1 ABCD conveniently targets between last week's open/low 110.88-111.00. 100% target is 110.979 if you want to be needlessly specific. 50% target...

dakaodo Updated 

EURUSD just touched last week's low (from Friday) 1.12732. Sunday, I drew the green box as my "watch" zone for support. After London session closed today, price crawled down through this zone. Barring wick tests lower, if we see the bulk of price remaining above prior weekly low, there could be a bounce up. However, H1 chart has already retested and confirmed...

dakaodo

Daily DXY looks like a larger ABCD (orange) and a smaller ABCD (green) with 100% targets for D at 98.03 and 97.97 respectively. Last Thursday's high achieved 85% of the larger CD target and 62% of the smaller CD target so far. 97.70 is clear resistance from December, keeping price below this level, last week. However, there is a rising trend channel that could...

dakaodo Updated 

Last Thursday, 7 Mar, EURUSD made a climactic selloff (ECB news) to finish a 235-pip drop from 28 Feb price of 1.1420. You can see here price nailed a lower lows falling trendline (from 24 Jan), overshooting by 7 pips. I informally rate my support/resistance tests by the error versus maximum size of move. In this case, 7/235 pips is a 3.00% error on a roughly...

dakaodo Updated 

D1 USDJPY gapped down about 15 pips at open, and is probing down into a prior price range from 28 Feb that provided support on Friday: about 110.66 to 111.08. Prefer short trades for now. Friday had an H1 ABCD pattern where CD achieved about 70% of AB. In the past 2 weeks, H1 price (yellow lines) broke down out of an rising wedge, then DOWN again out of a falling...

dakaodo Updated 

Last Wed Thu Fri saw a 3-day bull flag formation off of the previous Fri and Mon Tue. Price went up strongly, spent 3 days retracing. Should be a setup for continuation this week. Looking for 37-pip measured move objective, up from 1.1317, so target 1.1354. This is my first time posting, so I forgot to draw the measured move. Will edit.

dakaodo Updated 

I'm Trading View illiterate, so apologies if this is a duplicate post. I marked 3 levels to watch above and below current price. With the 3-day move up, then the 3-day flag consolidation/retrace, looking for a measured move target to complete a classic ABCD pattern. Use these patterns more as a guide or ideal target; don't think "price MUST hit this target!" High...