Disliked{quote} About 10 days passed and pa now 3220 AGAIN where is the trendIgnored
Hi Eg,
what is up, bro? All well?
Disliked{quote} About 10 days passed and pa now 3220 AGAIN where is the trendIgnored
DislikedAFter very successful day yesterday, now we can take a look at HS pattern forming both on h4 and daily. Yesterday's PA was excellent giving us opportunities for both short and long trades based on TA. Even thou price hasnt touched 3190 but 3205 we can say that levels have been respected. After a subsequent jump off 3275, the price went to test 3350 due to gold rally. For me it was a great day for total 80 pips of profit trading both sides. By rallying to 3350 EURUSD has formed the top of right shoulder so today we need a clear break of 3350 for...Ignored
Disliked{quote} Hi T@rantula, hope everything is fine and you enjoyed your vacation :-) Completely agree with your analysis. Most downside I can see for today is around 3214. But who knows - when the big boys like to spike, they spikeIgnored
DislikedHey guys, nothing new to add concerning daily analysis. Tomorrow will be more volatile day i guess so need to see today's action and daily close along with Asia action. For those of you who are interested, I will be holding a FREE webinar "Moving Averages and Basic candlestick patterns" so feel free to sign-up. You can sign up HERE.Ignored
Disliked{quote} Hi T., have you heard something from Egkid? He has been here last time start of August. Hope he is well in the troubled land of the PharaosIgnored
DislikedToday EURUSD is in specific situation. As we already know Head and Shoulders is a reversal pattern and is spotted in uptrend. The higher the TF is the stronger the pattern is. This is a specific situation. EURUSD indeed has been good for shorting last 2 days at the top of the right shoulder and the price went to 3324. The problem lies that that is not the true strength of the pattern as NECKLINE needs to be broken prior to heavy selling, not the shoulder itself. Now there is a mini channel formed around right shoulder which gives me a conclusion:...Ignored
Disliked{quote} Hi T., good morning :-) When I do look at tick volume, the left shoulder seems to have had more volume than the right one. This fact weakens the HS-patternIgnored