redbull1973

redbull1973

The EURUSD is locked up in a small channel between two previous gaps. I expected a breaktrough today to the southside. But it bounced back fiercely!

redbull1973

Market harmonics, False breaks, Fibonacci levels and an idea where your stops might be placed.

redbull1973

Cup pattern, filling the Gap.

redbull1973

I was very bullish @ the start of 2014. It looks like we go back to the same price level a year ago. 11-04-2014 update: It's going fast now. Although we hit some support. I think I gonna buy some more @ $10 soon! ;-)

redbull1973

Before we gonna go South we test the 200 SMA one ore two times to form a nice head and shoulders pattern. Why not going South big yet..? I see no confirmation. The candlestick patterns on the Weekly and Monthly are still very bullish. There is some RSI divergence, but if you look back to the period 2011 - Q1 2012 on the weekly this divergence doesn't play...

redbull1973

A possible scenario for 2014! Triple bottom forming on the weekly.

redbull1973

Simple anatomy of the AUDUSD. Major S/R levels in confluence with fib levels. Waiting for a second or more pinbars to spike through the 0.93 (61.8 fib) level and bearish divergence on the hourly chart as confirmation to go short.