Two men adventuring in the wild. They see a tiger racing towards them. They turn and start dashing away. Then, one of them stops to put on shoes. “What are you doing? The beast will outsprint you despite those” says the other. “I don’t have to run faster than the tiger” he retorts. “I just have to outrun you.”
FX stories are not dissimilar. Relative strengths and...
We saw a strong bounce off of the 61.8% fibonacci zone, but we're coming up on a strong resistance that was previously a strong support.
I like to play these Support/resistance flips the first time they test it as the supply usually keeps the price from moving through the level and they are nice shorts with a strong RR for less risk.
I have a relatively tight...
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The end of wave C can take us slightly below 1.1... the immediate support below (S1) is a strong one.
bullish 5-0 pattern formed at key level.
if candle pattern confirms reversal,
this is chance to long.
very small SL.
RR ratio is amzing.
tp1 is 0.618 level of CD wave
tp2 is 1.13 level of BC -0.03% wave
SL will trigger if candle close under key level
As per my discussion here and here the EURUSD is still ranging with price oscillating around the 1.245-1.235 mark. Although I'm not a huge fan of candlestick patterns, previous three days put in a Bearish Evening Star after hitting up against trendline resistance, area of supply, and the 61.8% retracement level. I've been short since 02.16.18 with several lots...
