Bullish wedge on this chart, maybe it trying to tell us whats coming?
Bearish outlook today, atleast if we look at the patterns., Im kinda neutral today because of that, and I dont feel confident we will reach the target of last week, but if it brakes low I will certanly short.
Update, here is another thing that supports my idea of a long position. and the target the projected target for the triangle is just about 1.16000 as well:)
I'm long EURUSD today because we have closed above the supply zone ( the curly area) from yesterday, and we are trading long above 78.6% wich hint that price will not come down again. I am today using a pitchfork, my take is that price will only stop possibly re-trace at the median line, as for now that is about 1.16000. so that is my target now, as we progress I...
I found a perculiar behaviour in the dollar index, note how price brakeout from the bullish wedges only to reverse afterwards. so Im selling EurUsd just for the fun of it, small risk great reward :)
falling wedge on DXY favour a short on EU
nice setup, great risk to reward, do I think that is likely to happen? yes I do! the target is well within range and I probably will update it to a even larger later.
Im selling based on strong diagonal resistance, and a supplu zone, bulls go home! expecting a very big move
Short today again, price is expected to drop after consolidation, the diagonal resistance, (upper fork line) is very strong resistance. expecting a nice bounce to the downside.
the rules are enter short if price go below the green line, then target the median line, mid line, or the bottom line
fine tuned the trade with a lot smaller risk, is it worth it?