A very hard call. What originally looked like longer term bullish trend could take a turn looking for a pretty deep retracement (618 noted on chart). This is also in confluence with what appears to be a potential Head and Shoulders pattern. The 618 retracement is in perfect confluence with a 1.414 extension of the swing high.
EURUSD - INVALID CYPHER. CLOSE BUT NO CIGAR **TEST**
Just a theory...nothing serious here..
This would be a nice opportunity if we had some structure beneath the X leg. Ill draw him up just because hes present but I do not have a lot of faith in him...
Simply placing a wider eye on EU..
Not a sure lock here. Just taking our first look at what might come to pass this week. well try to get as close as we can.
Not so easily but this should be ready to turn over as he close out this week. Well have to wait a while for this one...
Just an idea. Not a lock with such a ways to go to reach previous structure lows...
Not a lock but its very possible that we could find support somewhere in the 109.5x area which would provide a very nice opportunity to try going long..
Would be a terrible thing to miss the opportunities to get in, but, we can see that they are very near us.RSI says we are turning. Market Structure says we should get at least 1 more push towards 111.7 at the least. Well just have to see how it plays out...
Dont mind the silly art. Just me goofing off. But yes I do like the 618 retracement we have from what was a full head of bullish steam anyway that was knocked off its course (news related). Hope were correct here. An excellent opportunity.
Pretty simple look at the break in structure after the Double Top. A quick retracement (hopefully) then a chance to jump on..well see..