i previously posted on GN
now there has been a long accumulation under the brexit low which was the all time low too
we are currently trying to get over
if/when it does a lot of pips above,.... could be your set and forget trade for 2017
Euro news out about an hour ago,.... falling euro failing to put in a new low on EA
very nice mirrored formation here
i have longs running from 1.42706 average,...will try and build if/when it tries to tag the yellow descending tl again
will look for furter PA then
first target 1.44 then 1.4450 above the way is ...
breaking the yellow tl can take GU to 1.3xxx
the pair has been gathering strenght for some time now
first stop 1.266xxx
for now the blue tl serves as (short term) support and if/when that line is broken to the downside the trade is invalid
interesting development on EN,...
the longer it continues the higher the profits could be,...
waiting for the break could take a while but since we are leaning on longer term lows i need those to hold
no position yet, bias long
Big blue has been breached once before
if price can stay in the mid red channel above 0.72 and get back over blue
then AU might have a shot at 0.77 again
if AU breaks this support 0.68 is next, which is an old S/R level (black circles)
no position yet
an inverted HnS was formed end of sept, only to grow into the bigger iHnS
it has almost come to completion around 82.50
the left side indicates it going back to 77.50 if indeed it does follow the pattern
some confluence coming from the yellow top tl
if PA takes us confirmed above 82.50, setup is invalid to ...
keeping to it's green channel so far and sitting on a S/R level
it failed to push to a new low (arrow)
again if a new low (and thus greenchannel and blue tl broken) setup is invalid
longs will be small and gradual
NU has come down a lot since the interest decision with no rate change
now arriving at a confluence of tl's and previous low
it should be able to hold the channel low,.... ii will go long waiting for PA at that level ,.....as always sl just under
if it breaks the setup is invalid and next level would be 0.70333 ...
long term wedge has strong support from the green bottom
presidential election whacked it up and down without braking anything significant
recently 1.5050 seems to present an S/R level, so i'll be taking longs above that with the absolutely zmbitious end target of 1.60000,... plenty of time to scale in
Uj has finally broken (and briefly retested) that descending tl
maybe better to look for some consolidation/confirmation of this level while looking for a good entry after the presidential election
going over cross pairs for a better pip count
setup is invalid falling back under that black tl, so that's where my ...
it usually takes a while to turn and reverse
i would like to see a final purge and a pinbar close on a higher tf
problem is the last lows at 1.77 and 1.7810 have been broken a while ago, and at the same time that would be the longer term target
starting small longs above previous low, actually between 1.6820 and ...
i can see some bottoming patterns on GU short and long term
we haven't made a significant new low for a while now
consecutive wedges have been overcome and PA keeps coming back to test them
barring another "surprise i base my long entries on a short term and longer term inverted HnS
again ,.. i'm not prepared to ...
i'm inclined to long the GN based on this chart H1, since the low it has seen 2 significant channel breakouts, first testing then breaking the previous floor(resistance),... we are at #3 now,... failed at 1.72 and back into support now,... i think there is good RR here up to 1.72 again, sl just under previous ...
despite my fear concerning the euro i guess EA present a goor RR here
last H4 candles engulf and ready to confirm in the candle yet to close
at this level we are sitting more or less on t a S/R level of 2015
long at 1.43213 sl close at 1.4295