Rounded bottom @ round number 1.2700 @ major support level = reversal.
The 50 ma on all lower time frames has yet to show signs of any confirmed reversal. Holding out for evidence around 1.27500 all thing being even
EURUSD Short - 1.286 (previous bullish drop zone target) for pattern completion .
A near perfect set up using the 1 min chart
still trying to figure it all out but I think this should go up now :s
(Testing) using it's own currency pair as an indicator mirror correlated with it's opposing pair whilst I'm working on mirroring a pair with it's self. So for this I'm long -1.3284 *Note the cross over points &/or deflection.
Drop Zones #1 #2 / #3 #4 are possible. A break of #4 and it's straight down to #5 0.85
Have I missed something, Why the GAP ? I'm all for going long on this set up, but in reflection to the previous gap, this would indicate a continuation to the down side wouldn't it ?
Out of all the trading systems & indicators about, I'm interested to know what is your No.1 winning setup ? This is mine. Nothing fancy, simple Bollinger Bands performing Rounded Tops & bottoms. Please share.
I extended my SL's on EURUSD due to correlation of the USDCHF, we still appear to be in a rounded top & bottom on them both. Maybe not such a wise move on my part but I'm keeping the faith. :) If im right then I'll be targeting 1.35221 ******** USDCHF Set up now void **********
Drop zone trading, price always return back to the point of origin First Target short 0.929
If I get stopped out on this one I'm contemplating re evaluating my career choice