


jimmy_highwire
is the support the end of the falling wedge? since a drop under support negates this, it presents a nice RR since the stops are clear
looking for nice RR nearly 50% retrace nice confluence of tl's putting sl just under 50 fib 1.945 for a small position, will move sl up when adding to long downside possible continuance down to fill the red channel 1.92-1.915...or more
i rarely, very rarely trade EU i just took a long position at 1.11028 RR is good since the bottom of the channel is here to put an sl right under 1.11 for 20 pips loss if there is an upward bounce here, it could be an excellent opportunity to pyramid a trade position con's of the trade are that there was demand 40 pips lower on the left , we'll see
i hid all the short term trendlines on this chart to get a clearer view, seems to me the last run from 0.62 to 0.68 could be a bear flag coming to an end as 0.6880 can be seen as a long term resistance level that has been pierced and failed recently more to the left you could see the other side of a massive HnS, left shoulder from 0.48 to 0.76 top oh head at...
Top of yellow channel might just hold as a retest if so there is an opportunity for this pair to blow off the top of this long term formation under 162.5 after that all is open upstairs sl very tight under yellow channel top so nice RR
my interpretation here is that the retset of yellow tl could bring us back to red or bottom of green channel to complete a mirror formation of consolidation befor choosing further direction
after a nice doji on the H4 yesterday , which looked like a true fakey to me, news shattered my short position loosing 40 pips i had been long as previouslyy published, unforyunatelyy not all the way from bottom to top since i started to finish off my long under the yellow tl now we have reached the bottom of the previous formation after a 1900 pips move looking...
H4 chart 1.56 seems to be a tough nut to crack, rsi still poor to me.... will start building in small portions,... (looking for the Greeks to start hittinh headlines again) if not sl is clear to be just above current top if it breaks i will wait for retest to go long
as per previous publication of UC the upmove is in,... now sitting at the "neckline" and some supply at the left no longs left and going short on bias but 1.35 still on the table
out of red and blue channels, let's see if blue channel retest will hold, nice RR as it is soon clear if trade fails risky trade with consequently a short leish
stalling this week so far above this LT tl, right t the previous tops of second half of 2015 going toinclude a longer graph beneeth starting to build a long position on dips but above 0.73
coming into an S/R flipper retesting tl nice round number 1.53 and high RSI could be a nice RR both ways but sitting on the short side for now,... ready to reverse positions
commit to one of two directions, both nice RR there are 200-300 pips to be had till the top of the triangle and down too if it falls back out so neutral for now
following my last publicaation on GU it's up 570 pips sad to say i did not catch all of them :-(( now we are back at an S/R flip zone, already tested by a previous high early Feb enough room on both sides to earn pips, not committed yet but short term i would like to profit from a pull back before an eventual charge higher
i very rarely trade thre euro, but on H1 seems to be forming 3 lovely candles right at S/R level building short here
UJ crashed after BOJ numbers back at longterm crucial level room for a long way down, but looking for a short term bounce first starting small long position 108.4, will buy all the way down to 108 and sl under previous low
sorry just have to vent from time to time not all is clear blue skies