Maybe it can work out.... Theres still way to many shorts and not enough longs
This could come into play since we are due for a bounce, but im not putting to my weight into it as of yet. Just pointing it out. If it does end up retracing to the upside, the 61.8%-50% would be a perfect height for the right shoulder
Unless NFP is a total blow I think we can get into 250's ez
Don't jump in front of a train going 100 mph. If its a short id rather wait for more confirmation than just thinking its great short after making a new high like the majority of the users on here.
Looking left we have some very nice structure. Additionally this area also lines up nicely with the 50% level.
If your looking to short .7289-.7300 zone is the place to try it. I myself am not taking the trade until I see some sort of a bearish signal, but this would be the place to do it. Daily is overbought and stoch is approaching the top
I took this trade yesterday and posted a chart a few times in chat, but figured ill post it here for others. Easy Peezy 61.8 ht that landed perfectly on the nose. This is as easy as it gets IMO. Will it go up? Possibly, but for the time being it was an easy 40-50 pips. Odds are it will retrace higher before breaking for or going up
Price is approaching a critical TL that was formed back in aug 2015. This is will make or break NU
I think it's a good attempt to try a long here. Currently sitting on the 61.8 retracement. All timeframes are oversold as well
In this whole run up since the election I have yet to see what I just saw today. Two consecutive 4H pin bars such as these (these pins are quite large compared to anything on the 4h chart). The second one making a LH and to which it can also be considered a double top. I will be watching this closely today for any further signs of weakness.
2 lots long at 1.0604 Stops 4 pips below 78.6 Fib (1.0578) Daily trend line is and was a perfect touch. Daily close above 61.8% will be very bullish
Clone confluence in the zone of 113.32. Not an exact target but the general area will do.
I got a hunch that bulls still have some unfinished business. Im also beginning to see signs of $ weakness.
Long based on Clones. Found a level between 2 ranges acting as confluence. Dollar is exhausted and I expect more selling of it next week. DXY has a nice H&S pattern on 4h that is on the verge of breaking down as well..and if DXY tanks EU will fly
This is very premature, but its somthing I will keep my eye on. If price comes down and makes a LL and consolidates around there we will have a winner
Price has managed to move 3 full ranges from the reference range I had cloned. Additionally price "stalled" at the top of the range last night. Given the fact the weekly .618 fib isn't to far away I think we can enter a short somewhere in this zone. I will be shorting in the 114.40 zone with a stop just above 115.08. The 114.40 zone is a 50% level within the...