ferranfontSCALP

ferranfontSCALP

the next wanted move to confirm longs

ferranfontSCALP

First obstacle has been the blue trend line, but from the bull point of view, THE DOBLE BOTTOM GIVE US A CLUE OF THE UP MOVE.

ferranfontSCALP Updated 

Forming a new down leg to trap greed shorts. Target is Middle channel, but a climatic action at the top bottom of the down channel should be bought as it is a Demand Area

ferranfontSCALP

THER HAS BEEN NO FOLLOW THRU TO THE DOWNTREND IN EUR.USD, IN ADDITION, STRONG DEMAND HAS EMERGED screencast.com A nice scalp to the creek is there to long. I don't believe that creek will be broken at once, but let's see.

ferranfontSCALP

This is the path to the middel blue line channel. As we are now at the bottom of the spike and orange channel, a pull back is suitable before a sharp fall down.

ferranfontSCALP

Despite breakdown in euro, that should give wings to the DAX, as see this index as overbought, so to me, the breakout of Channel and Index is a fake brekout, so a correction, to at least the middle white line is posible.

ferranfontSCALP

After the climatic action on June 23th, price action has been trading in a Range , despite this is typical of AcumulationDistribution. I would rather consider this a Random Walk because I was expect for a turn in price on the June 23th (fundamentals of BoJ). Down momentun and disipation of price action is explaining me all this Trading Range. AFTER THAT , WE...

ferranfontSCALP

Price has reached my target before I expected. SO AS PREVIOU HIGH IS AN UNFEAR HIGH, 1) WILL CLOSE MOST OF MY SHORT ON SUNDAY AFTERNOON. 2) WATCH FOR PRICE ACTION TO RECOVER THE BLUE LINE TOWARD THE 1,14 - 1,15 WHERE I WILL TAKE SHORTS AGAIN. CONCLUSIÓN: Of course market is short, but I will not take them from is price now, I will take them above at the...

ferranfontSCALP

The path to the 1,14 1,15 is not with a double bottom at the creek, IS IS BELOW AT THE INDICATED TREND LINE, IT'S FROM THIS POINT WE ARE GOING TO THE 1,14

ferranfontSCALP

An upthrust is posible as they are now creating a double bottom, but the -1015 delta will keep me inside short. screencast.com screencast.com

ferranfontSCALP

ADDING TO MY SHORT POSITION, LEVEL VALIDATED. screencast.com screencast.com

ferranfontSCALP

EUR USD HAS MADE DE 200% FROM CREEK BREAKOUT, SO REACH A SUPPLY BLUE LINE AREA. AS MAGNET IT MIGHT TOUCH THE 200% AND ENTER AGAIN IN THE CHANNEL AS THIS IS WHAT ORDER FLOW IS TELLING ME, SEE LINK BELOW

ferranfontSCALP

A NEW INTERNAL CHANNEL HAS BEEN CREATED TO DOWNTREND. FINDING NEW POINTS WHERE TO ADD

ferranfontSCALP

Harmoic ratios towards the creek

ferranfontSCALP

Price action on the up trendline, and how price can reach the below creek

ferranfontSCALP

I consider all this up move a Random Walk because the tape is completely being sold.

ferranfontSCALP

Test of the Breackdown channel has been done with success. I am already short, but as it is an unfair high, a bounce at the creek and a climatic new high is still possible. Target, the support at Breixit

ferranfontSCALP

EUR.USD WILL NOT GO FUTHER, WHAT WE ARE SEEING NOW IS JUST A RANDOM WALK UP. MUST BE SOLD.