ALWAYS FOLLOW THE MONEY BIAS (long prevailing trend)Never sell in a strong bullish trend
Wait Month PIVOT BREAK OUT BEFORE TO SELL here EURO FUTURES
(MONTHLY PIVOT RED LINE here above)
M6E1! trade ideas
Strongly Bearish After Doji B Point At Pitchfork EdgeToday's doji candle strongly looks like the bearish B point of the ABC after the recent 5 wave impulse that ran into the edge of the descending pitchfork. I don't normally trade after hours but this looks very hard to resist. I am going to possibly stay up all night to trade this short or at least set some alerts to wake me up if things start to look like it's capitulating.
6e tends to get its best trading done during the london session so I may find myself getting up at 3 in the morning to keep tabs on this.
Avoid trades here - may be at A bounce pointThis is not a good area to take trades in either direction. It is at the expected A after a 5 wave elliot impulse and is probably about to start a choppy countertrend wave to the B point near the edge of the pitchfork.
The trade I'm waiting for is to short in the region of B. That should provide for some nice clean intraday dump outs. 6e tends to move a lot during the london session so I might even stay up at night to trade it around the 2nd week of november.
ABC Correction Playing OutABC correction posted in earlier attached chart is working as expected. Looking for continued bearishness until it tags the support zone defined by the previous 3 point and then looking for the usual B and C movements. The B point will be an especially good place to look for swing shorts because it is also confluent with the edge of the long term pitchfork edge.
Week Plan: Reasonable Area To Find Reversal DownThe pitchfork, elliot fib and prior support/resistance lines show this would be a pretty good area to start looking for bearishness.
An Elliot ABC correction would be the most textbook reaction here. Not shorting this blindly but will trade with a bearish bias intraday.
There has not been any actual confirmation of a new bear market so this would definitely not be a place to swing trade it short. It is also a very bad area to swing trade long since it would probably be buying at the top.
Use caution on longs - at edge of bearish pitchfork and S/RIntraday bias is to be skeptical of bullish moves and more looking for range contraction and then reversal back south. It's coming into a lot of prior support areas which will tend to act as resistance now.
Also at the pitchfork edge which is a great area to find head and shoulders patterns to short. I will be keeping my eye on this to find a right shoulder.
EURO FX long position
The EURO FX failed to complete the double-bottom pattern.
Therefore, the buying position will proceed at the bottom of the upward parallel channel considering the possibility of parallel channels.
Bearish 1.1135 to 1.119Support to resistance style chart. Look to fade attempts to break through back into the prior large range.
Not really the most interesting price action intraday. GC and CL have been better trading. 6e has been choppy and sporadic. The main problem is almost all the movement on 6e has been during the london session and it's barely worth the bandwidth to download data during the day. This is probably more suited for swing trades rather than day trades unless trading at 3 am new york time is convenient.
Analysis of EURUSD 21.08.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.1065
• Take Profit Level: 1.1025 (40 pips)
If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.1115
• Take Profit Level: 1.1135 (20 pips)
GOLD
A possible long position at the breakout of the level 1508.00
USDCHF
A possible short position in the breakdown of the level 0.9770
GBPUSD
A possible short position in the breakdown of the level 1.2110
USDJPY
A possible short position in the breakdown of the level 106.10
i think it short postion very short time the dot line has very strong supply
and the blue line has demand trend line
i think it birng to profit
get it money
EURUSD or E6 plan for 02.08.2019 Yesterday was good opportunity to open long position.
I have opened one at FOREX EURUSD 1.1048 and hold it now.
I expect, price higher at 1.1259
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Have a nice trades)
EURUSD 6E plan for 01.08.2019Move down is complete now.
Here is good place to prepare for long.
Main price move I expect up.
I need another one bar down with high volume to open long with target 1.1155
All trades I open between 9:00 - 11:00 AM by Chicago.
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EURUSD of 6E plan for 31.07.2019EUR look's weak.
Main price move remains down. So I will work only short.
Here is not the best place for enter at short position. If will be pullback to 1.231 and it will be high volume on bar up.
I will open short.
All trades I open between 9:00 - 11:00 AM by Chicago.
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EURUSD 6E1! plan for 30.07.2019EURUSD remain weak. I expect main move continue down.
Price between two levels daily support and 1.1155 and hour resistant at 1.1233
Best point for enter short near 1.1233.
Also, I need a bar UP with high volume.
All trades I open only between 9:00 AM - 11:00 AM Chicago time.
My Loss/Profit is 1:4 per trade.
Write your comments about this plan and your vision on EURUSD.
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Bearish, looking to fade tests of older rangeIntraday tests of the range it's breaking from will be good areas to look for shorts
Trading plan for USOIL GOLD e-mini S&P500, EURUSD for Fraiday1. USOIL WTI( crude oil ) I expect main move DOWN . I wan to see retest of 57,00 hourly resistance.
2. XAUUSD main move rimains UP for me. So I want to see retest of 1414.
3. ES1! main move I expect DOWN . I want to enter from 3021, but need other conditions.
4. E61! ( EURUSD ) neutral. I think price will move more down, but there is now clear point to enter.
