KEEPING THINGS SIMPLE ON THE EURUSD (1 day, log scale) The picture is more mixed here than on the 1 hour chart : -price was meeting resistance (horizontal & downward sloping trendline), has turned -the April/May negative divergence worked out -at the time, RSI was just slightly at overbought levels (I would prefer a larger RSI overbought reading for a start of an...
My idea is based on Grey boxes are kind of AB=CD which is complete, so this is rather good signal for short here. Additional odd is confluence with 1.618 fibonacci level . Another odd is potential Cypher harmonic pattern (brown) to be complete, and - when completed - long from D point. Orange is potential butterfly harmonic pattern, but do...
This is my first published idea. When I first looked at this I saw Kijun heading straight up and thought to myself, OK, let's go long, but Kijun is also a lagging indicator. Seeing a kumo twist in the future, and after plotting what I believe to be multiple resistance/support levels, it looks to me like there might be some more long action, but I don't think it...
Looks like a bearish bat pattern is nearing completion on the 60 for EURAUD (though point C is neither a .382 or a .886...) This is nice because it's going with the bearish trend and although we're seeing some bearish movement, I'm hoping that's just so it can get enough steam to make it to the .886. RSI(14, close) shows we're almost overbought using 80 as...
EURAUD daily setup: - Price is within a daily descending channel and currently putting in a third touch of the upper boundary acting as resistance - We have a daily Fibonacci setup with price currently below the 61.8 level which is confluent with the descending channel - Price is also below the daily 200MA which is confluent with both the 61.8 fib level and...