Alright guys call it luck or whatever but today is the day Eurusd weekly triple tops break low!
This is a once in a blue moon occurrence that we are able to spot a large signal right when it has broken out. Although I would tell you to sell Eurusd as it retests the neckline at around ~1.08 but since the upside possible corrective targets are very small you may start adding short positions from Monday open.
Target is based purely on structure which lesser than 1.0000. To invalidate this analysis price must break higher than third top, which usually never happens!
Best of luck and happy trading! Take extra care of your capital by ensuring proper risk management!
This is a once in a blue moon occurrence that we are able to spot a large signal right when it has broken out. Although I would tell you to sell Eurusd as it retests the neckline at around ~1.08 but since the upside possible corrective targets are very small you may start adding short positions from Monday open.
Target is based purely on structure which lesser than 1.0000. To invalidate this analysis price must break higher than third top, which usually never happens!
Best of luck and happy trading! Take extra care of your capital by ensuring proper risk management!
Comment:
I hope you guys are enjoying the bear run like me lol but tbh I dont have a reference for a sharp entry at the moment, will update you guys soon as soon as i find something. It is very likely going down continuing the rally, but if we are to enter now, I dont have a good reference for for stop loss. Maybe on monday we get some consolidatory move to provide a better entry. Stay tuned I will update here as soon as I get a confirmation! Cheers and happy trading :-)
Comment:
Alright guys I finally got an update regarding eurusd. Right now we got an inverted head and shoulders pattern with a broken neckline which is indicating a possible correction for tomorrow that has great chances to retest the neckline of the triple tops in the main chart in this idea. For now, we will be buying from tomorrow to around the price level of 1.08, then we shall start looking for short entries from there. Have patience, best of luck and happy trading :-)
Ignore this update if we break lower than 1.0720!
Ignore this update if we break lower than 1.0720!
Comment:
Ideally, from now onwards, you should sell only when we get a strong daily rejection which is so far not a possibility on todays daily timeframe. Therefore, wait for one and look for long positions till one appears. Your choice of timeframe to cash this correction should be H4 and lower. Look at daily for rejection candle.
Comment:
Alright, prayers have been heard, Sell if 1.0700 breaks tomorrow by some H4!
Good luck!
Good luck!
Comment:
Sell if you get a closing price below red line
but be advised that we might double bottom at
1.0600-1.0630 and start our weekly correction!
Best of luck, keep both possibilities in mind
and happy trading!
but be advised that we might double bottom at
1.0600-1.0630 and start our weekly correction!
Best of luck, keep both possibilities in mind
and happy trading!
Comment:
Sorry I forgot to mention but weekly correction may take us as far as 1.1xxx!
Comment:
Intraday trade idea update for monday/tuesday
Comment:
Ranging EURUSD must decide before we can continue at it