M6e
Incredibly low risk entry on the EURUSDWith the break of the 50 MA and the current resistance (now support), there is much to like about this trade. EURUSD has a memory like an elephant, remembering these old levels... And as the dollar (DXY) is trading inverse to the SP500 (which is getting stronger) there is reason to believe that the EURUSD is poised to make a break for higher ground.
This makes for low-risk/high-reward trade opportunity.
M6E1 is valid for entry - M6E1 est valable pour l'entrée
Hello, M6E1 is now in oblique resistance and will not rise in tangible rise and does not cross the oblique resistance barrier and is now buyable when the green resistance is broken and we will make a profit when the yellow resistance is broken and then you can sell and nappy on your profits or wait for what will urge
Note: selling at the red candle that breaks the green resistance
Bonjour, M6E1 est maintenant en résistance oblique et ne montera pas en hausse tangible et ne franchira pas la barrière de résistance oblique et est maintenant achetable lorsque la résistance verte est cassée et nous ferons un profit lorsque la résistance jaune sera cassée et vous pourrez alors vendre et couchez sur vos bénéfices ou attendez ce qui vous incitera
Remarque: vendre à la bougie rouge qui brise la résistance verte
EURUSD 50/50 market Tight Trading Range Continues The bulls reversed the market up in two small legs (Jun 3, Jun 24) from the nested wedge bottom. Last week formed a second entry for a potential larger second leg up where the Jun 24 rally is the first. However this has not yet triggered and today is currently a bear bar near the low of last week. If this week closes as a bear bar, it will be a weaker buy setup and decrease the probability.
The bulls did not get strong consecutive bars. Instead prices mostly overlapped with heavy two sided trading. This is not indicative of a strong new low. The probability remains unchanged in a 50/50 market. Any breakout up or down is likely to get sucked back before succeeding. Until there is a breakout, there is no breakout and neither side is in control. The bears may end up getting a larger third leg down comparable to the 24 Sep - Nov 12 and Jan 7 - May 20 legs. This would form a larger wedge bull flag and increase the probability to 60% for a test of the start of the bear channel around the Sep 24 high.
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EURUSD Weekly AnalysisLast week formed a failed bear breakout, nested wedge reversal and larger wedge bull flag. However there is a tail above the signal bar and prices have been in a tight trading range. Prices are in the middle of a large trading range as both sides fight for follow through. The buying pressure has been weak since the April 18 bear spike. The bulls will need strong follow through over the next few weeks to convince the market they have taken control. Most likely prices will continue to remain range bound and choppy, causing confusion and difficult trading on lower time frames for most traders.