moxiewatts

moxiewatts

Weekly candle closed as a doji. I expect upward momentum before the final sell opportunity sometime next week.

moxiewatts

Weekly candle closed Bearish

moxiewatts

It will be a buy but do not get caught by the bear trap. buy after the rising wedge falls.

moxiewatts

TRADE AT YOUR OWN RISK

moxiewatts

I feel like a true break of pattern is unlikely at this point. I recommend taking the sell down and waiting for the pattern to complete at 1.21300, and enter for a long buy at that point.

moxiewatts

The master pattern unfolds methodically and it does not care about your feelings. Please trade with caution if you want to ride one of these waves, and trade at your own risk.

moxiewatts

I think after the steady slide down this channel we can see one last slide down a bit further than the others before it picks back up and the spread begins to increase. I think a reversal from the downtrend will take longer. I am anticipating it like everyone else, however I believe it is premature.

moxiewatts

I have made more money off this pair than any other - it is my favorite to study and trade. That being said, using ATS software and spending most of my Saturday studying the structure I have decided to follow the trend. While I am eagerly awaiting the long breakout, I feel a gut instinct it is still premature to take a long position. This is one of the ways...