Long

Updated

EURUSD

My view

Note

If it breaks , but continue to consolidate,expect more down; Given readings on other US pairs it is unlikely,but not impossible...

Note

I do not think that the structure is complete so I would advise to buy only after a flag

Note

Would wait for a confirmation for one more down (at least) ; note that this is a short-term sell, the up move is still https://active...https://www.tradingview.com/x/VM8JqGPH/

Note

Is this the reversal? Probably... I would wait for break of the bigger corrective structure, wait for confirmation and add some longs; I expected the reversal to be born from a sell off in the stock market, but it broke to the upside ( yet it can reverse,too )

Note

More likely a flag for more down

Note

If it breaks to the upside, then the break will be a correction for further downside

Note

I am currently looking for a buy, as we have a possible flag forming; be aware that this is more like a correction move for more downside

Note

We did not get that flag, but we get that down move; I am expecting a move up to break the top

Note

Either structure, it would be a nice setup

Note

Bottom broken, hence invalid structure. This move should not have affected you negatively,since we did not have a flag for a buy; this is important why you should trade on something you can trade, not on you anticipation

Note

This is why you shouldn't sell right now - it can reverse very quickly, In fact this move down could set the stage for a nice reversal up ( this is what I am looking for in the original view )

Note

Broke the structure to the downside, I will wait for a 1 hour flag before any sells

Note

Sorry, the last snap is old already

Note

Short term sell setup

Note

We might see a structural change for upside ( either bigger correction or fast move)

Note

Wait for breakout and a pullback

Note

Can still make one more down

Note

Wait for flag for sells ; it can be a deep correction for upside

Note

If it craws slowly after the flag, more upside is possible

ivn96

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

ivn96