Good evening all.
Just checking my eu charts. Last week all great shorts done here except friday when there was already chances of good up from the end of the rally down , a rally up came almost suddenly with good new home sales news . after the news & seeing gj specially reacting greatly to the upside & thought it rally up before the down great I closed all shorts all pairs but down not happened yet . perhaps the good news effects is due next week & some other very important news may have worked for the near sudden upsurge or "Greece drama going solve" scams!! whatever we saw this type of drama very recently when there was confusion "if the 5th wave had end actually ? & going to change the trend? " now over with time & ansawer were "NO".
still hold & same question araises while price still in great down trend, channels ,big & smaller,with a reversal inverted HS H4 & below tf and we can again can expect a big NO before it actually happen first.
so price is in great down & remain untill & unless other proved ,the trend change first.Min requirement can be first break daily channel at the top perhaps at 1.36 & next intermediate 1.37 & last 1.3815 ,50% fibs of the great up for which the great down happening now .
In h4 tf buy cd continued down instead some retracements after the setup perfection due strong bear ,interrupted in the middle & up in a rally develpong a new setup upside but still within the ranges of previous one & may continue the old again.price at the utl now and may break up to 1.3423 to 1.3442 50% fib to next resistant 1.3522 & channel top 1.3614.
Bear cntinuation pattern W worked perfectly & price retraced now after continuation occured , got a low new , very OK .
In H1 this recent leg up apparently an impulse ,may go up for 5th wave and if not, if abc format should break down at this tl now & bull over again. here again price in halfway sell cd & at the same time new setup to the upside at 6th candle , that is at this present level market totally confused & may take one side at open next.
so check lower tf , M5 in buy cd at 10th , for buy signal price may fall by min 3 hrs or more to 1.3361 for the signal confirmation and after it happen it should retrace some before the actuall bull occur & subject to further fall or move in a range over the support temporarily.
In M15 already buy signal confirmed & duely retracement on with new setup .so lower tf wants up after a down first but week end holiday nothing may be preserved specially if any gap again and this desires perhaps worked silently.
In daily & weekly already in a rally down /new setup from 15/4 and 17/3 onwards respectively each 6th candle running & so changing this market movements /intention should need great great news to stop here follow the new again up, that is only possible by a trend change .till then all down.
so in my conclusion , i will continue shorts from any top & no trades now open. most important levels for shorts are 1.3414/22,42 and even 1.34.
not any long for me here.will wait till breaks down from any level.
next target for short will 1.3100
fontu
Just checking my eu charts. Last week all great shorts done here except friday when there was already chances of good up from the end of the rally down , a rally up came almost suddenly with good new home sales news . after the news & seeing gj specially reacting greatly to the upside & thought it rally up before the down great I closed all shorts all pairs but down not happened yet . perhaps the good news effects is due next week & some other very important news may have worked for the near sudden upsurge or "Greece drama going solve" scams!! whatever we saw this type of drama very recently when there was confusion "if the 5th wave had end actually ? & going to change the trend? " now over with time & ansawer were "NO".
still hold & same question araises while price still in great down trend, channels ,big & smaller,with a reversal inverted HS H4 & below tf and we can again can expect a big NO before it actually happen first.
so price is in great down & remain untill & unless other proved ,the trend change first.Min requirement can be first break daily channel at the top perhaps at 1.36 & next intermediate 1.37 & last 1.3815 ,50% fibs of the great up for which the great down happening now .
In h4 tf buy cd continued down instead some retracements after the setup perfection due strong bear ,interrupted in the middle & up in a rally develpong a new setup upside but still within the ranges of previous one & may continue the old again.price at the utl now and may break up to 1.3423 to 1.3442 50% fib to next resistant 1.3522 & channel top 1.3614.
Bear cntinuation pattern W worked perfectly & price retraced now after continuation occured , got a low new , very OK .
In H1 this recent leg up apparently an impulse ,may go up for 5th wave and if not, if abc format should break down at this tl now & bull over again. here again price in halfway sell cd & at the same time new setup to the upside at 6th candle , that is at this present level market totally confused & may take one side at open next.
so check lower tf , M5 in buy cd at 10th , for buy signal price may fall by min 3 hrs or more to 1.3361 for the signal confirmation and after it happen it should retrace some before the actuall bull occur & subject to further fall or move in a range over the support temporarily.
In M15 already buy signal confirmed & duely retracement on with new setup .so lower tf wants up after a down first but week end holiday nothing may be preserved specially if any gap again and this desires perhaps worked silently.
In daily & weekly already in a rally down /new setup from 15/4 and 17/3 onwards respectively each 6th candle running & so changing this market movements /intention should need great great news to stop here follow the new again up, that is only possible by a trend change .till then all down.
so in my conclusion , i will continue shorts from any top & no trades now open. most important levels for shorts are 1.3414/22,42 and even 1.34.
not any long for me here.will wait till breaks down from any level.
next target for short will 1.3100
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
