thejohn74

thejohn74

Looks like there's a few pretty clear channels to give you an idea of what EU could do in the upcoming days.

thejohn74

at resistance at a major TL. we may get another push up since this is a first break of a tight channel, but the signal bar is engulfing, which is strong, we're at the major bear TL, and there's a wedge formation over the last 30-40 candles.

thejohn74

Looks like last week was one big bear flag from the brexit drop... probably gonna continue down... just go short.

thejohn74

Price is have a hard time getting lower. See chart for details. Large double bottom from low in may and even larger double bottom from Oct 14. Small triple bottom, you can argue several nested wedges too. TL break and retest. Bulls can get an excellent RR.

thejohn74

NOTE: TV won't let me post a 1 minute chart so I posted a 15, but this is intended for the 1m. Every beginner wants to trade the 1m chart. Yet most advanced traders cannot do so. There are several problems with trading the 1m. Firstly, most minor swings on the 1m do not go far enough for a minimum scalp. Second, it is easy to get lose track of the bigger...

thejohn74 Updated 

We're at a horizontal resistance level and a long term trendline. We also just made two legs up from a prior congestion area. It may be a good idea to wait for a confirmation candle at least on a 1h, but i think its a good bet to short here , risking about 70-80 pips and aiming for a test down to 108.

thejohn74

Big buy opportunity with many reasons to go long including a support level from June of last year. Many ways to play this. Conservative traders should wait for a trendline break and retest. Aggressive traders can start scaling in, or look for lower time frame entries. Can easily test back up to 1.3000 without even exiting the bear trend. Be aware that there...