Hi friends, I hope y'all are having a profitable week ;)
Today there aren't any trade signals to share and exploit with you guys, we'll just manage the open positions I shared on the previous posts, while getting ready for 2 possible outcomes that might occur on EURUSD monthly timeframe.
Bulls: -The price may bullish rally to the 1st Monthly Key Lvl, ascending trend line, and 21 m.a - probably after it has formed a bullish reversal pattern that will lead the price to break and retest the Weekly Neckline and 8 m.a. If it does that, it will dis-confirm the bearish long-term signal I'm anticipating, but it will be preparing for a bullish trend signal.
Bears: The price may bearish drop for the H&S L3 together for (or continue) all the m.a's trend - probably after it has bullish retested the Weekly Neckline and 8 m.a (dark blue) with a bearish reversal candle or pattern close. I call that signal a H&S C-E.1 signal. If the price triggers it, it will also trigger the big double tops A-E.2 signal that's on the Weekly Neckline.
That's it for today. I hope you found value in this...If you anticipating a different scenario, feel free to share it on the comment section. I'd love to know your point of view!
Stay Blessed,
Doji-2K1
Today there aren't any trade signals to share and exploit with you guys, we'll just manage the open positions I shared on the previous posts, while getting ready for 2 possible outcomes that might occur on EURUSD monthly timeframe.
Bulls: -The price may bullish rally to the 1st Monthly Key Lvl, ascending trend line, and 21 m.a - probably after it has formed a bullish reversal pattern that will lead the price to break and retest the Weekly Neckline and 8 m.a. If it does that, it will dis-confirm the bearish long-term signal I'm anticipating, but it will be preparing for a bullish trend signal.
Bears: The price may bearish drop for the H&S L3 together for (or continue) all the m.a's trend - probably after it has bullish retested the Weekly Neckline and 8 m.a (dark blue) with a bearish reversal candle or pattern close. I call that signal a H&S C-E.1 signal. If the price triggers it, it will also trigger the big double tops A-E.2 signal that's on the Weekly Neckline.
That's it for today. I hope you found value in this...If you anticipating a different scenario, feel free to share it on the comment section. I'd love to know your point of view!
Stay Blessed,
Doji-2K1