finally cleared the D-S1 and M-PP zone
Attached Image (click to enlarge)
1
- #1,141,622
- Jun 8, 2018 5:08am Jun 8, 2018 5:08am
{quote} Well hamster I closed out the long yesterday and ended up taking a short position which is still open {image}
- #1,141,623
- Jun 8, 2018 5:52am Jun 8, 2018 5:52am
- Joined May 2010 | Status: Trader | 2,693 Posts
now she is going up after find the support, long from demand area continue going up....EU H1 .. TP 1.1822 {image}
- #1,141,624
- Jun 8, 2018 8:25am Jun 8, 2018 8:25am
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
NY will pump this up, probably above 1.1837+
Here:
Risk 30 for 80+
Here:
Risk 30 for 80+
- #1,141,625
- Edited 9:26am Jun 8, 2018 8:38am | Edited 9:26am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #1,141,628
- Jun 10, 2018 3:53pm Jun 10, 2018 3:53pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
If you are tracking the EURUSD this week, consider this top-down technical perspective.
On the daily time frame, the order flow is under the control of buyers. The recent candlesticks have been predominantly bullish and relatively big. Even the pinbar-like candlestick formed last week Friday is in favour of bulls. Bulls are likely to first go for the high of the candlestick formed last week Friday, around the 1.18430 area, in the early part of this week before they proceed further to an ambitious target of the immediate horizontal resistance around the 1.19100 area. This area is in confluence with the 50 Fib retracement of the downward swing from the high of April 17, 2018 to the low of May 29, 2018. Thereafter, we may see price action struggle or consolidate for a while, and this may result in a southward turnaround.
On the H4 time frame, price action has breached a descending trendline (red) from the high of April 19, 2018. It is now respecting an ascending trendline (skyblue) from recent lows. We may expect bulls to take price action further northward in consonance with the bigger picture seen on the daily and weekly time frames but such a move is likely to be on a short-term basis. A likely area we may see a southward turnaround of price action is the 50/61.8 Fib retracement of the most recent downward swing on the daily time frame. This area, the 1.19570/1.20700 zone, is bound by magenta horizontal lines in the attached H4 chart. This does not mean that market cannot do otherwise or even turn southward before that area. So we have to track the price action and wait for the right setup. In fact, a break of price action below the ascending trendline (skyblue) on the H4 time frame with a retest on a four-hourly closing basis may kick off a good sell trading opportunity; a bouncing off of price action at the trendline is likely to offer a buy trading opportunity (albeit on a short term basis in my opinion).
I may be wrong. Trade safe and prosper.
KP
On the daily time frame, the order flow is under the control of buyers. The recent candlesticks have been predominantly bullish and relatively big. Even the pinbar-like candlestick formed last week Friday is in favour of bulls. Bulls are likely to first go for the high of the candlestick formed last week Friday, around the 1.18430 area, in the early part of this week before they proceed further to an ambitious target of the immediate horizontal resistance around the 1.19100 area. This area is in confluence with the 50 Fib retracement of the downward swing from the high of April 17, 2018 to the low of May 29, 2018. Thereafter, we may see price action struggle or consolidate for a while, and this may result in a southward turnaround.
On the H4 time frame, price action has breached a descending trendline (red) from the high of April 19, 2018. It is now respecting an ascending trendline (skyblue) from recent lows. We may expect bulls to take price action further northward in consonance with the bigger picture seen on the daily and weekly time frames but such a move is likely to be on a short-term basis. A likely area we may see a southward turnaround of price action is the 50/61.8 Fib retracement of the most recent downward swing on the daily time frame. This area, the 1.19570/1.20700 zone, is bound by magenta horizontal lines in the attached H4 chart. This does not mean that market cannot do otherwise or even turn southward before that area. So we have to track the price action and wait for the right setup. In fact, a break of price action below the ascending trendline (skyblue) on the H4 time frame with a retest on a four-hourly closing basis may kick off a good sell trading opportunity; a bouncing off of price action at the trendline is likely to offer a buy trading opportunity (albeit on a short term basis in my opinion).
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #1,141,629
- Jun 10, 2018 11:50pm Jun 10, 2018 11:50pm
- | Joined Apr 2014 | Status: Trader | 1,049 Posts
- #1,141,630
- Jun 11, 2018 12:42am Jun 11, 2018 12:42am
- Joined Aug 2016 | Status: Trader | 10,377 Posts
Hi, crew.
Let s take a small risk trade now . . .
Selling at 1.17 95 with SL at 18.11
Have a good week all . [ Poor Justin Trudaeu included...]
Let s take a small risk trade now . . .
Selling at 1.17 95 with SL at 18.11
Have a good week all . [ Poor Justin Trudaeu included...]
- #1,141,631
- Jun 11, 2018 1:16am Jun 11, 2018 1:16am
- Joined Aug 2016 | Status: Trader | 10,377 Posts
Hi, crew. Let s take a small risk trade now . . . Selling at 1.17 95 with SL at 18.11 Have a good week all . [ Poor Justin Trudaeu included...]
- #1,141,632
- Jun 11, 2018 2:16am Jun 11, 2018 2:16am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #1,141,633
- Jun 11, 2018 3:02am Jun 11, 2018 3:02am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
- #1,141,635
- Jun 11, 2018 4:12am Jun 11, 2018 4:12am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #1,141,637
- Jun 11, 2018 9:39am Jun 11, 2018 9:39am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Short again here @ 17.90 SL 18.21
Together we can be strongest
Vantage Return This Month:
-97.0%
- #1,141,638
- Jun 11, 2018 11:56am Jun 11, 2018 11:56am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
{quote} Sell here too - 118.04. Good luck my friend.
Together we can be strongest
Vantage Return This Month:
-97.0%
- #1,141,639
- Jun 11, 2018 7:23pm Jun 11, 2018 7:23pm
- Joined Aug 2016 | Status: Trader | 10,377 Posts
Short again here @ 17.90 SL 18.21
