EURUSD is currently testing a key support if it succeeds in breaking this one then next support area shown below is exposed and Possible trading opportunities may present themselves as shown below. This is just my personal view and not and should not be considered an investment advice in anyway.
CTS SCORE: Major structure-2 AB CD Completion-2 Triple Top-2 Ratio confirmation-1 Sorry guys Thats Major resistance not support
a very nice opportunity for shorting in completing for a harmonic three drives pattern on level of structure.
We see a strong bullish market that formed a V-formation. In the last hours we formed a small corridor of consolidation with a lot of buying pressure at the bottom edge of the corridor. Candles show that. Because of the overall upwards market trend I believe that we will continue this trend and hit previous highs in a while. Risk Reward Ratio pretty decent with...
Although I don’t day trade on Monday’s I have a handful of pairs on my radar for my swing trading portfolio. Multiple patterns on the EURUSD, a few setups on USDJPY, NZDUSD and of course the chart above on EURAUD. We were watching this pair last week for the bullish breakout and now that we’ve gotten it, the next chance to hop on would be at a pullback. Looking...
Minor structure point for X + simetrical triangle zone test. This setup is also a good illustration to my descriptions of structure points and XA legs in "Thoughts about bat pattern" III and IV. Those of you who don't know what I'm talking about you are welcome to check the related ideas links. Also do not forget to check Part I and Part II. All together these...