EU
EURUSD: Identifying the Narrative of the marketUsing multiple Time frames to Identify the narrative of the market.
Building a risk free position by hedging.
Bullish Crab Vs Bearish Butterfly (1m)
Using the (1m) Bullish Crab to enter the (1H) Gartley, the trade has reached 32R for a total of 5R overall profit secured.
The Bulls need to retrace, Bearish Butterfly to assist, Hedging time.
HARMONICS IN DAYS EPISODE 1SCALING IN SCALING OUT
The Holy Grail?
How to build a risk free position.
HARMONICS IN MINUTESThis style is Hedge trading, creating a full sized risk free position in both directions.
Closing 50% of each position at 2R creates a risk free position, should price move to the stop loss, profit for each position would be 0.75R
Closing 50% of each remaining position at 4R Secures 2R profit on all positions, should price move to the stop loss, profit for each position would be just over 1.9R
Closing 50% of each remaining position at 8R Secures 3R profit on all positions, should price move to the stop loss, profit for each position would be 2.875R
HARMONICS IN MINUTESBEARISH BAT Vs BULLISH CYPHER Vs CONTINUED ...
BEARISH GARTLEY Vs BULLISH CYPHER Vs BEARISH H&S
EU Leaving zone soon! Is a buy on the way? Eu is currently in a uptrend and its the start of the new week, If you ask me I believe by Monday we should have a clear answer on if this about to bounce off of this 15 min trend line and keep going up. Let me know what you see!
EUR/USD QUICK TRADELooks like eur/usd might pump on tomorrows news events, cup and handle and an rvi bullish cross on the ema 89, good set up in my plan. last trade this week, see you all next week.
EURUSD - UPSIDE - 30 MINUTE CHARTS - TELEGRAMFXEURUSD - UPSIDE - 30 MINUTE CHARTS - TELEGRAMFX
Fibonacci + Smoothed Moving Averages + Respecting Trend
Happy Trading!
I believe EU will continue to drop in the upcoming year.When the short term low at 1.15741 (where the pink ray starts) was taken out by the July 2020 candle, I understand this as an indication that buy stops were being paired with sell orders by large institutions and thus driving prices lower.
EU resistanceWhy we have been seeing since Monday morning is heavy resistance from 1.8500 , seems to me bears will be in control till Thursday when more news is released it’s been stuck here a while usually movement take a while but what I’ve noticed in trading Eu is that it will show direction almost immediately if there is nothing going on event wise to show you support and other pivots to get money out of retrace , so i think in this case we should see it hit 1.76000.
EUR/USD CHANGE IN THE TREND.WE Have seen a head and shoulders pattern form on the lows in the euro dollar 4h chart, now since the neckline broke price has fallen to retest ema89 and make a pullback, so now is a good time to go long with 80/100 pip stop and target higher highs. wait for price action or rvi bullish cross
EUR/USD 1H LONG SET UPWe had a good spike in dxy, now the question for us traders is do you buy these highs in the dollar index, no you dont because profit taking from todays rallies are next in line. in trading you get highs and lows right? we have had a high in dxy a quick spike, we need a low and dont forgget overall dxy strength is down. stimulus is the catalyst.
Possible scenariosNovember roof broken to the upside
Downtrendline broken to the upside
USDCNH is falling to the abyss.
Price stalled bcs we are at strong resistance 1.19000. Round number.
Meade tells US stock market will rise 12 percent this month (negative for the dollar)
But we have untested weekly CPR and weekly pivot. In case of strong trends they are often missed. But if price pulls backs - it will be be weekly central pivot range area.
At any case I am long for now. If price pulls back I will add to longs.
-------------------------------------------------------------
FOR INFORMATIONAL PURPOSES ONLY.
THIS IS NO FINANCIAL ADVISE. YOU ARE ALONE RESPONSIBLE FOR YOR TRADING DECISIONS.
1H EUR/USD WEDGEEUR/USD will likely make a pullback so here we have a good set up to short eur/usd down at fridays high. ideally wait for confirmation of a breakout to the downside, but i think momentum will take her down.
EURUSD 3:1 risk rewardThis is a buy opportunity, before a potential retracement or reversal. I believe it could increase as much as 744 points.
