FX:EURUSD That's what the market gives us ... An hell of a game between Bulls and Bears, between red and green, between educated and competent "market movers" and uneducated and incompetent "market movers", losers and winners. We just need to be on the right side of it... Safe trades; open.spotify.com Check ratios:
Daily chart (3/4) 1. Strong support area at 1.0850; 2. Both weekly and daily charts above MPS1; 3. Market has returned back and closed inside long-ranged candle; 4. Market has closed above WPP;
Possible short as it looks like a breakout re-test continue. Failed to close above resistance of1.14000. We could see the EUR roll back down to April lows of 1.0600. If we break the green CTL ine then we may see a 4th push back up to resistance.
Completely aside to fundamentalism, what awaits us... Check previous post (link below) the beauty market just working
There's no detailed explanation as the pattern is only half way completed.
Currently bullish on this pair. ABCD pattern occurring with price pulling back to a 61.8% fib retracement for point C. Overall target of 1.15000
Alright everyone this is a pretty crazy post because I am going to try and predict the end of the bearish EUR/USD. USD/CAD is the one that helped me come to this analyzation and the monthly chart on the EUR/USD. As you can see USD/CAD has been at an uptrend since 2013 and finally broke support around 1.23410 level after 11 weeks of consolidation on the weekly...
I MUST START BY SAYING THIS IS AN ACTUAL TRADE IDEA, I'VE BEEN RESEARCHING A PREDICTING STRATEGY ON THIS PAIR SO LONG THAT I WAS BEGINNING TO SEE TUNNEL VISION AND OVERLOOKING THE OBVIOUS. AND WHAT IS THE OBVIOUS? THE BIG HEAD AND SHOULDER PATTERN THATS RIGHT INFRONT OF ME (AND YOU).SO THIS CHART IS ALSO A LITTLE LESSON THAT I PROMISE WILL INCREASE THE SUCCESS OF...
PLEASE SEE RE-POST FOR BETTER CHART VIEW!!!
AS FOR MOST OF MY DAILY CHARTS ON THIS PAIR, I'M TESTING PERMUTATIONS AND COMBINATIONS OF A METHOD, AND THIS IS NO DIFFERENT. THE ONLY THING IS OF ANY VALUE IS, I HAVE A BULLISH EXPECTATION FOR THIS PAIR FOR THE NEXT DAY THIS CHART IS PRETTY SIMPLE, ANY MOVE FAR BELOW THE 50% CANCEL THIS SET UP FOR ME, THIS CHART IS BASED ON THE HEAD AND SHOULDER PATTERN, MIXED...
AS ALWAYS I MUST MENTION THIS IS STRICTLY EXPERIMENTAL REGARDLESS OF PREVIOUS SUCCESS. I USE THIS AS A GUIDE TO KNOW WHERE TO EXPECT A PEAKING OF THIS PAIR RATHER THAN A TRADE IDEA. AFTER LAST WEEK I REALIZED THE ACCURACY OF THE CANDLES ARE A BIT OFF, SO I'VE EMPLOYED A SLIGHTLY DIFFERENT METHOD THIS TIME HOPING IT WILL PRODUCE MORE PRECISE RESULTS. I HAVE MY...
STRANGELY, WHEN I DID MY REGULAR ANALYSIS ON THIS PAIR I SAW FURTHER BULLISH, HOWEVER, MY SO CALLED CANDLESTICK GENERATOR IS GIVING ME THESE 3 OPTION AND THEY ARE ALL BEARISH. STRANGER IS THE FACT THAT THE 3RD OPTION IS SHOWN AS MOST LIKELY SO I'M WATCHING THIS PAIR FOR THE NEXT DAY TO SEE HOW IT PLAYS OUT. AGAIN, THIS IS NOT A TRADE IDEA, IT IS STRICTLY...
OK, SO LAST WEEK I MENTIONED THAT I FIGURED A STRATEGY TO PREDICT THE NEXT CANDLE. I MUST CLARIFY THAT I WAS REFERRING TO A SCALPING STRATEGY, AND I'VE ONLY USED IT ON A 5 MIN CHART SO FAR. SO I RECEIVED A CHALLENGE FROM SOMEONE TO DO IT ON A DAILY CANDLE, SO THIS IS MY FIRST ATTEMPT TO DO SO. PLEASE KEEP IN MIND, THAT THIS PREDICTION IS IN NO WAY ME PREDICTING...