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EUR/USD Retracement
EUR/USD has done its deep retracement.
Now hitting the 4H beams and reversing direction.
USD is losing strength. Gold and silver recovering too.
Notice that the QTA and the QQE are on the 20 level of the QQE.
GBP/USD retracement
GBP/USD has also done its retracement.
Hit the 4H beam.
Did the Bullish Gartley formation.
now its a bottom on gbp/usd with very high risko reward and a great possibility to go up. big support here on H4.
Thank you for getting it!
Baggermatsch,
Thank you for getting it!
But be cautious! This is only a 1H and a 4H beam.
Eur/usd
I would be loading more on this since you have the 1H, 4H, Daily, Weekly Beams.
I use the beams. Understand its usage and make your pips.
update gbp/usd: thats why we never set SL at new allegedly lows and highs.
all important fibs are touched, now we can think about set sl at low.
@mlen77
i believe in k.i.s.s., ur charts are overloaded for me, i dont trust any indicators. only fib drawing tool.
but when it works for u, its great.
--- edit ---
its time to set SL @ BE
I'm currently running ZUP 78 on bld 211. In the attached pic, I'm trying to find the setting that will give me the fib result of the points from 5 to 1. Can you tell me what settings may be needed to display that one?
Also trying to find the settings that display what are the S&R levels from other time frames. I've read this thread and looked again and played with settings but can't find what setting is needed.
Thanks,
traden
now im at home, to my surprise i saw, the target was already hit @ 61,8% ~ 1.9878. roundabout 140-180 pips, it depands on entry.
nice gartley that was, in that way it can go on.
zup 78 = 4.30.08 update
Attaching Indicators, Templates, Charts.
Use in 30M, 1H, 4H to see the trend in 4H timeframe
4.30.08 GBP/USD with the Indicator window attached
The chart has the Indicator Window attached with QTA_v3 and ###QQE.