EURUSD 2h, short setup within major confluences review!
Evening all as i said i m going to share this one on a clearer n visible chart! It s a beatiful one but honestly i m a bit annoyed by me cause i should had to hold some positions of the previous one short trade (check it is in the fold) cause basically this is the real impulsive leg.
Anyway it s a good lesson. Here we can see better the vawe so start from the leg 1 we correct a bit making the 2 wave then the usually longer 3wave and finally our correction 4 wave in a classic sequence a,b,c inside the bearish flag pattern and from there where we touch again the descending channel we could short aggresevely or wait for the correction to be broken! The fib start from the 1wave till the low of the same wave and we can see how the fibs match with supp area plus if we take again the fibs tool and this time we use it from the finish of the 2wave till its low the 1fibs extension match clear on the 0.618 2fibs extension of the previous fibs! we can say that this trade was a A+ setup ! Confluences give high probability setup and give us the confidence to get in n stay in emotionsless. Stay tuned more to come!
If you have pleasure follow me also on instagram- communitytraders2392 show some trades analysis/journey steps!
see you soon!
Anyway it s a good lesson. Here we can see better the vawe so start from the leg 1 we correct a bit making the 2 wave then the usually longer 3wave and finally our correction 4 wave in a classic sequence a,b,c inside the bearish flag pattern and from there where we touch again the descending channel we could short aggresevely or wait for the correction to be broken! The fib start from the 1wave till the low of the same wave and we can see how the fibs match with supp area plus if we take again the fibs tool and this time we use it from the finish of the 2wave till its low the 1fibs extension match clear on the 0.618 2fibs extension of the previous fibs! we can say that this trade was a A+ setup ! Confluences give high probability setup and give us the confidence to get in n stay in emotionsless. Stay tuned more to come!
If you have pleasure follow me also on instagram- communitytraders2392 show some trades analysis/journey steps!
see you soon!
Comment:
i won t say it too laught but there s the probability to see a strong reversal on eurusd at the finish of this wave so basically the next setup could be long where there s the currently TP of the previous one! I m watching blindy DXY cause if follow the analysis made on it i will share soon the eurusd long let s see, stay tuned!
Comment:
That s leg up was actually predictable as moves cause the liquidity needed and dxy coming out in correction anyway i m just waiting for the speech of powell tonight and then let s see which direction the dollar will takes and then i will share my view of eurusd just wait patiently!