Last night, EURUSD was a solid short. See my last post for more info. No reason why we wont keep falling towards the low pivot line once we break out this range. 30 pips up so far, hopefully we can break out, because it's another 30-40 pips to the bottom of the channel.
We finally broke out of that consolidation zone, and JUST when it started looked like the Euro was going to start free-falling...my stochastic started giving me strong buy signals...Right at the end of the week too, which sucked because the best entries to this upturn we've seen this past week came on Thursday and Friday 🤬.... Luckily, by Monday, the r-squared...
Looks like we have an expanding wedge going into the London Open. Going off of the upward angle, there's a slight chance that we could see a bullish move going into the New York open. Going to have to wait and see.
Last two days as it happend! The London session has set the tempo for the last two days. We've seen two major down swings starting from minute one of the London open, which North American traders were happy to continue. On Monday, we saw a break down into a consolidation zone which held for just over 24 hrs. By the beginning of the New York session, it became...
Rising Wedge Broken! So far price has fallen out of this pattern, let's wait for the retest and see where price goes!
OANDA:EURUSD Well...gut feeling we maintain structure and see a bullish move over the next 3-5 months. Then I could see price tanking from there. Too much resistance above 1.18. But there's no reason to believe it ain't tanking as we speak (it is) ...will the reversal come though? That's the real question. There's less than 5 days left on this 1-Month bar...