One better be careful with this one. It is far from being a crystal clear trade. 1. On a longer term we are working on leg 3 heading south. And not even close to target (chart dont show 1.618 target below) 2. We have HHs and HLs (and a new low) on a 3rd leg that are supposed to just head lower... which means that it might break new lows just as well as it might...
Wait for 2nd leg pullback to complete and see confirmation of next move south to continue 3rd leg down. I wont trade smaller TF than this and I wont sit and guess the exact pip it shall reverse cuz it is not that important.. the supply and demand zones are in plain view and so just watch the price action and pay attention For more info see related charts Like...
Daily target @ 1.618 target reached 3rd leg of this measured movement ends @ 2.618 which lands roughly at 0.8858 Many obstacles on the way to reach target so this one will take a few.. but anyways, always helps to know where it is heading and the levels to work from.
Target not reached on the 60 min chart and a smaller pullback in progress. I want to see the pullback to be completed and will re-enter going long
Current ongoing leg is leg one out of 3. No pullback have begun just yet. Since USD have completed a 3 leg downside movement after hitting fib 1.618 in the middle of April and hitting 0.618 - one can now see that it is going for 2.618 (not visible on chart) aim for 12200 for now. The USD is now approaching a supply zone which should trigger the first pullback...
I have started to use USDOLLAR instead of DXY since it is clearer and easier to use. Upside target not visible on this chart today for some reason. It is however aiming for 1.618 to begin with. Use the top of the channel and aim for 12200 for now. Use smaller TF to pinpoint a possible re-entry to go long The mere 0.235 retracement before this ongoing leg...
Follow me on twitter @TripleDDDTrades I can't be bothered to keep posting tradingview charts other than my weekly analysis, much easier and faster for me to post my own charts and comment/reply via twitter
Shorter term short - Looking for entry @ 1.10960 If and only if 1.0960 seem to put up enough resistance Target within half the channel. A clear break above 1.1060 invalidates this trade so I will keep a fairly tight stop from entry See daily and 240 chart for other options
Shorter term short - Looking for entry @ 1.10960 2 target options below. A clear break above 1.10 invalidates this trade See daily chart for another option which plays with the idea that the Euro will pullback higher.
Looking to go short again as the price climbs up to the next supply zone around 1.1040-90. Target is next demand zone and have set my target to 1.06660 (ish) it might spike lower from there but this chart will be updated before that. A clear break above 1.11 invalidates this trade Will have a look at 240 and 60 min as well and post those
Be ready to cash in while this one plays the channel see fibs on chart
Will look into going in short as the pullback approach 1.0940 with a target to 1.0815-05 A break over 1.0960 invalidates this trade and I will then target 1.0995-1.10 as entry instead (as a wise trader ones said. put your entry where your stop is) We will see shortly
As this one reach target I have a limit order ready x 2 to jump on the pullback train.