Coreg's EW+HP+D/W Range

Quoting Coreg2004

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I wouldn't rush with the counter-trend trade as long as GU prints red bars on the daily TF. But it's me. Yes, we can be close to reversal, at least for a small bounce, but now 1.3140 is the major obstacle. Where do we have the most liquidity? At swing highs and lows. Who is going to win the battle? Bulls or bears? We don't know, so that's why we want the market to show its hand. Like I said many times before, trade your own setups. {image} {image}

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Quoting Coreg2004

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{quote} As long as Friday's low holds, I'm looking for target #1 @1.3170 to the upside. Otherwise, if the low is broken, we target 1.3079 {image}

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Quoting Coreg2004

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The DXY is close to a minor resistance zone. {image}

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Quoting Coreg2004

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I wouldn't rush with the counter-trend trade as long as GU prints red bars on the daily TF. But it's me. Yes, we can be close to reversal, at least for a small bounce, but now 1.3140 is the major obstacle. Where do we have the most liquidity? At swing highs and lows. Who is going to win the battle? Bulls or bears? We don't know, so that's why we want the market to show its hand. Like I said many times before, trade your own setups. {image} {image}

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Quoting Coreg2004

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{quote} Update...GU is approaching a tough resistance zone. {image}

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Quoting Coreg2004

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{quote} The ABC (AB=CD) is a continuation pattern, and the end can be found by using a parallel channel or measured move. 1.3075 is the first level of resistance; the rest is on the chart. {image}

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Quoting Coreg2004

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{quote} For those who are bottom fishing, just be aware that S3 broke easily. {image}

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Quoting Coreg2004

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{quote} GU was unable to hold the 1.3140 level, and a long-term target #1 was hit overnight @1.3079. The drop might not be finished yet. If GU is unable to hold the bottom channel's TL, the next target is in play. {image}

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Quoting Whale

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{image} edit, I’m currently scalping long 1.30263 sl RN 1.3

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Quoting Coreg2004

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It seems that the resistance zone @ 1.3064-1.3074 will be of the most importance if GU reaches it. Continuation to the downside if YL is taken out. {image}

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Quoting Coreg2004

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{quote} Whale, I'm eyeing the same setup. Breakout, pullback, continuation (BPC)...but I don't want GU to trade higher than 1.3074, although the setup is valid as long as YH holds. But this is swing trading, and I trade off the 30M charts. {image}

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Quoting Whale

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{quote} BIG C, exactly. to be honest i traded yesterday GU long and took the lost. today i was very picky with my trade because the condition aren't that good. as you said, below yesterday low equal lower, else is correction. i took it after London long it, any correction was a buy by this logic of the break of asian session. Im closing it now at 1.3044. BTW lucky me i stopped out on BE on the news and bought again 1.3015 so i banked 30 pipsis.

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Quoting msqk

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{quote} YL holds some liquidity but there needs some pressure to liquidate that. That lower TL anchor to me is ????

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Quoting Coreg2004

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{quote} msqk, something has to give up; otherwise, it will be a frustrating day. {image}

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Quoting msqk

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{quote} That absolutely correct, i like comparing my note with yours and for sure in my current system there are some idea from your model.

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Quoting Coreg2004

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{quote} msqk, something has to give up; otherwise, it will be a frustrating day. {image}

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