EURUSD Setting Up for a Daily Move Down

FX:EURUSD   Euro / U.S. Dollar
Is EU telling us where it is going to be heading in the year coming? Looking at an On-Trend Continuation in the current area. 61 & 38 Confluence on the 1.15 Mantle, wicks out to the top, Previous Price Reversal Area, 3-4th Loose
hit on the Downtrend line, 100EMA floating across the top. Very nice set-up, possibly for the first half of the year.
Comment: We waited for our Market Maker move using a Brickwick Renko.
Comment: Entry and Trade Safe
Comment: Forgot to update, Took some profit out at the bottom of the channel on a rejection being shown, awaiting next set-up.
Comment: Another nice entry when it popped up to peak resistance, and once again at the bottom of the channel so look to take some profit out if it rejects.
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Renko!! Wow.. that's so cool. I need to learn more about how to use those candles. I have studied a fair amount and practised but not given it more time. Perhaps you could do a video on how you use it at some point. :)
Good analysis, has anyone told you that you sound like Colin from the Blackmiror: Bandersnatch movie?
PardoFX_Trading LouisSugunaFX
@LouisSugunaFX, no they havent! Haha, thanks
+1 Reply
Many thanks!! Great analysis. Delighted you've used the video recording facility as it gives so much more. :)
PardoFX_Trading Captain_Walker
@Captain_Walker, it does, its a shame more people dont use it. I do all my team analysis on Video generally.
PardoFX_Trading Captain_Walker
@Captain_Walker, but also people dont spend the time to listen they move past it hence why I rarely do public analysis on Tradingview anymore If theres demand I'll do more.
Captain_Walker PardoFX_Trading
I do my videos only for my benefit and not requiring a crowd of onlookers. I'm in this for me! LOL If others benefit - probably 5% - that's fine. I find doing the videos clarifies my thinking on what I'm doing. It's the 'cognitive benefit' of talking to rubber ducks, that has been well described in cognitive science.
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