Euro / U.S. Dollar

Pitchfork setup

By mortdiggiddy

Updated

May be setting up here for the next leg up. The 1.128 extension bottom is perfect for this type of tool.

Note

I will update as this trade evolves. So far the base line was already backtested today which is always the first entry point to dip in.

Note

Keep in mind that May on average sees a bottom in USD based currencies in the middle of the month. However, May is the strongest DXY month of the year.

ig.com/uk/trading-opportunities/seasonal-trends-in-the-forex-market-39690-170905

charts.equityclock.com/euro-forex-fxeur-seasonal-chart

Note

09/08/2017 close will be the first target, an important close level indeed.

Note

The blue dashed line.

Note

snapshot

Note

At the worst this baby comes all the way down to CAM Year S3 near 1.5000.

snapshot

Note

Potential butterfly harmonic pattern bottom here, updated.

snapshot

Note

Updated. Real buying today with a nice hammer bar to finish the close.

snapshot

Find the edge.

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