Wow, you’re really digesting a lot of info fast.
Stopped out, -127 pips loss.
Possible start of a retrace on daily chart. Entry taken on 4H after the retrace. Stop below the previous low, target 1.3650 & 1.3800.
Yesterdays daily close looks interesting seems the bulls were very active, today should be even more interesting seeing that support was tested and rejected. The GDP readings I think will have a lot to do with what happens.
1st target reached at 1.3650, 100pips gain.
Weekly chart looks good for long come next week. Reversal formation(tweezer bottoms) at the 618 fibs.
Will the weekly resistance hold? Its possible we might see a pull back. Daily chart also showing bearish reversal CF which support my short bias. Look for short entries on smaller time frames.
Will the weekly resistance hold? Its possible we might see a pull back. Daily chart also showing bearish reversal CF which support my short bias. Look for short entries on smaller time frames.
there is a bearish crown forming on 1hr
good call, that’s on my watchlist
Second half close a b/e.
Present 1H chart showing a triple bottom looks good for another long entry. My bias is long until last weeks low is broken.
Wish my chart would have encompassed this much time. I went short when it popped back up to 1.3510 should have read this post haha. Great analysis, Ill have to pay more attention to those larger TF!!!
There was no reversal CF formed before the high was broken therefore no entry. The weekly resistance is yet to be broken, will be looking to short if another reversal CF forms on the daily.
Possible upside movements in the coming days base on the test of the long term up trend line shown in the chart below.
- It looks like for the EU, this week is gonna end with a Morning Star on the weekly chart.
- The daily chart of GU shows good bullish candle.
Possible upmove is pending…
here is wot we are seeing
euro broke out of the aggressive trendline, made a higher high and retested it. also we have a bullish crown formation
long till 1.27 extension
Hmm, my picture slightly different, and am currently in a sell - stop at BE now. I see following confluences:
- At top of bearish channel
- 76.8 Fib retracement
- Previous R area.
- Evening star CF
Hmm, my picture slightly different, and am currently in a sell - stop at BE now. I see following confluences:
- At top of bearish channel
- 76.8 Fib retracement
- Previous R area.
- Evening star CF
hey shandy man
seen ur chart, quite agree that euro is ranging at moment, this is where many are whipsawed but also making a higher high after it broke away from the bearish trendline. 90pips is already secured from the long, if 1.3630 holds then we will see rally till 1.3800… so lets see how dat goes
and nice ur stop is at break-even.
u short is also nice man!
Hey Mike, yes price compressing now into mini triangle on the 4hr - explosion time…
yeah man, let it blow north … lol
i see 5mins bullish crown with possible gartley convergence… will be good to long off it with 20pips stop… not to bad to stake in such trade that have great potential if it blow top
catch ya
Daily chart showing reversal CF at resistance. Short entry on 4H after the engulfing formation(possible end to the 4H retrace). Stop loss above the 786, targets 8994 and 8880.
Daily chart showing possible end of the extension rally. Its likely to go down a couple hundred pips before rallying again.
