hintonlynch

hintonlynch

Uptrend on Daily and 6hr chart. 15 minute chart just made it's first higher high in the correction.

hintonlynch

Lower lows and Lower highs on daily + trend-line break on hourly pullback + Lower lows and Lower highs on 15 min

hintonlynch

Entered long trade on EURUSD due to the following reasons: - Daily trend line bounce - 78.6% Fib retrace of last wave - 4hr counter trend line broken Happy Trading!

hintonlynch

The Daily chart has set a higher high and this appears to be the 5th wave of the higher low pullback. Waiting for a close above the upper channel before entering long

hintonlynch

2nd wave has pulled back and rejected at the 61.8, expected an extended wave 5

hintonlynch

With the 4hr rejecting the 61.8 retracement and 30 min breaking out of the channel. I am waiting for the current pullback to break out to enter

hintonlynch

Went short after yesterday's daily bar close as a bearish pinbar. The daily chart also closed below the blue trendline and retest. On the 4hr, price has respected the red trendline. Stop is above daily pinbar and the target is placed at the 61.8 fib expansion.

hintonlynch

Though I am bullish on this pair, it is reaching it's ceiling and may consolidate before making new highs. I am waiting for daily close and retest above resistance before going long.