The daily chart is very bullish with a minimum target of the 20MA . All that positive divergence at the bottom have not yet played out and could potentially contribute to a move all the way back up to the upper Bollinger. So for now, I expect any downside action to be shortlived and erased until at least the 20MA target is achieved.
So far, so good. Upper Boll20 on the 4 hour chart was just tagged. But not yet on the H6 and H8. The downside action has been short-lived per the gameplan.
as i said yesterday there is high probability that we might break to the up side right atm we are doing so i have raised my stops to just under 1.3115 with tp around 1.3220 first target the second one i would like to take right when prices touches the weekly downtrend line shown in charts with arrow find it on the right hand side of the chart, play safe and use leverage wisely
good luck to you all!
So far, so good. Upper Boll20 on the 4 hour chart was just tagged. But not yet on the H6 and H8. The downside action has been short-lived per the gameplan.
Here's a current H8 chart. Its upper Boll20 is at 1.32005 and rising. The one on the H6 is around 1.3190 and also rising.
I completely agree - all those years of grist in one place and from the sorts of people that are in part if not completely off the 'grid'. Special place and why I try and treat it with kitten gloves.
I have covered my longs going into the Claims report and am off swimming instead. Catch up later.
Longs taken off here now - was hoping for shorts to be released first but hey ho. If that was a valid triangle, then pokes/thrusts out of triangles are meant to be terminal/ending moves. happy to go naked now above 1.3170 and will fade further up.
Longs taken off here now - was hoping for shorts to be released first but hey ho. If that was a valid triangle, then pokes/thrusts out of triangles are meant to be terminal/ending moves. happy to go naked now above 1.3170 and will fade further up.
Your chart does not have a legend. What are the green and orange lines? They have crossed to the upside.
EUR/USD has traded above the 1.3160 high and is therefore not locked to its range of 1.3060-1.3160. This opens up for a test of 1.32 and possibly 1.3220. We need to remember that this scenario is very similar to yesterday’s scenario where price traded above its range but then traded back to its former range to test the lower end of the range - we therefore need to be ready for a drop to 1.3090 if 1.3125 does not hold as support.
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EUR/USD 30 min chart
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I would like to share the count that I am the most confident on it at this time. It may be wrong of course but like I said, this is what I believe based on price action lately. Now this wave 2 it may coil here and take some time to materialize.
The legend is immediately under the wave - daily MA's 5/20 on attenuation basis. Yes, indeed, they have crossed up.
I suppose the faster one, the orange is the 5MA, and the green one is the 20MA.
My current value of the 20MA is around 1.31848. How does that translate to your value via the 'attenuation'?
I suppose the faster one, the orange is the 5MA, and the green one is the 20MA.
My current value of the 20MA is around 1.31848. How does that translate to your value via the 'attenuation'?
You making me work here - they are also on the chart! Still a tight band between 1.3121 and 1.3131 - so Daily pivot level. But I run a weekly, and 240min band so different prices on each. Bottom line, is that I see the whole move up from 1.2994 as corrective because it looks and counts as a corrective. I do not want to be long on high MyWave counts when a thrust down could happen. My weekly band is still down and attached.
I posted a research paper on the Swiss army Knife indicator earlier in the week regarding my MA calcs, if you are interested. It was a hyperlink to my docs folder, so let me know if it does not open up and I'll post again.
You making me work here - they are also on the chart! Still a tight band between 1.3121 and 1.3131 - so Daily pivot level. But I run a weekly, and 240min band so different prices on each. Bottom line, is that I see the whole move up from 1.2994 as corrective because it looks and counts as a corrective. I do not want to be long on high MyWave counts when a thrust down could happen. My weekly band is still down and attached.
I posted a research paper on the Swiss army Knife indicator earlier in the week regarding my MA calcs, if you are interested. It was a hyperlink to my docs folder, so let me know if it does not open up and I'll post again.
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Originally Posted by rcopadilla
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