plzzzzzzzzzzzzzz: EURUSD IS GOING ABOVE 1.3911! You are TRADING AGAINST BigMoney!!!
USDCHF is going below 0.8914 and so EURUSD is very likely to go above 1.3911.
Players are going to come into the market to defend the representation MA soon. YOU WATCH!!!
No problem, I understand your zigzag + stochastic + cross referencing method to trade, but fundamentally, I’m feeling that EUR is still too weak against USD. If i get stopped out, then I will refine my trading methods, no problem with that. But I prefer not to meddle my trading method with yours because doing so will just confuse myself and in the end not able to improve on my methods. Thanks for the advise though. Your trading method is interesting too!
COOL. But i did not say change your trading style. I was just pointing to the fact that EURUSD is heading for 1.3911 and you were on the wrong side. The push will be strong and then it will fall back under 1.3790. Take care and all the best.
Found support at 1.3689 -> Previous support + resistance. I might be jumping out here, if it breaches the upper resistance. Hope for a continued bearish movement though.
EDIT: got out of my short position Near 130 pips gain.
Rationale for exiting trade: It looked like the end of Elliot wave 3 on M15 chart, divergence with USDCHF on H1 chart, doesn’t seem to break through major support lines, and getting near the tenkan line.
Yeah, like it was originally predicted, the trend is still downwards. 1.3685 now. Sure it was BOUND to go up at some stage during the week, but it has not come anywhere near 1.3900. Point proven. And the daily is just saying even more downwards momentum.
Yes, I’d be interested to see a graphic of that. If anything, it is looking a little ranging, although making (slightly) lower highs. It has given intraday setups within the range, but I wouldn’t be looking to trade it as a triangle, personally. Not knocking, we all see different things in the charts and as long as it works then we’re trading it right!