Sylynt056

EUR/USD (BUY-stagnated)

Long
Sylynt056 Updated   
FOREXCOM:EURUSD   Euro / U.S. Dollar
Market dropped -48% from last recorded position @1.08021 (absolute resistance) market touched 6Daii tp@1.07724 Fri 25 1100 AM. Current position 1.07966 just under AOR. expect RSI to range from mid 30% to 70%-75% this week. next 48 hours I think its safe to say we will see slow stagnated rise by 35% or a little less

ITP:1.08370
DTP1.07696
expect market to take inclined route stagnated and see stagflation until release, which will most likely result in up movement bringing incline to a total 40% only 40% because much will not happen expect release to give 12pip boost
or so

ITP2: 1.08845 expecting this to be cut short instead it will be 12 pip boost. Tp ends up being 1.08500 but if not you KNOW WHAT TO DO

DTP2: 1.07527

Risk management set at 38/40 pips
Comment:
Expecting market to drop -63% after TP1 hit, 1st declined tp expected to be half of the 63% decline... may see stagflation or minor reversal after, 2nd wave of decline -33% to come after minor reversal/or stagflation

first half of -63% decline/Wave 1 DTP1: 1.08134
Second half of -63% decline /Wave 2 DTP2: 1.07785
*expect to stagnate (declined) toward 1.07608/1.07576 after -63% drop
Comment:
Risk management change to 30-40 pips
Comment:
Target hit ...Trade passed tp@1.08500 and hit 1.08845,
anything after DTP2:1.07527, subject to change!!

:Binary OP Strat not particularly something you wanna take in forex:

Expect forex market to Neutralize maybe 1 or 2 standard trade:

@ 2nd USD release already expect trend to be trending plan for 55%-60% total trend TP1@1.09372 / TP2@1.09400
Comment:
risk diversification: tightin it up 18 pip - 22 Pip
Comment:
TP hit @1.09400
Comment:
bulls should try to take the reversal push up all TP's have been successfully closed (Expect bulls to try to overturn market,- inclined stagflation) Convert Rkdn (risk diversification) 40 pips area @(absolute resistance-1.08021)/ 50 pip will be Inclined TP but market conditions bring tht to 28% showing signs of decline continuation but strong up movements can be made on current sessions

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.