Eurusd/gbpusd - page 1765
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Strategy for Eur/Usd for this week:
Last week - pivot that was protecting a mid-term wave down was broken. To proceed with trend down it is better to wait until the new cycle down will be created (i.e. a new FZR down).
From the other hand: a mid-term flat is started with "scales outweighing down". Therefore It might be a good idea to hunt for some "sell" positions this week as per green line on the picture (don't forget the risk of trading in "flat-mode")
Tomorrow we can expect reverting what happened on Friday. As soon as some cluster of stop losses or pending buys gets hit, it will jump as crazy
Tomorrow we can expect reverting what happened on Friday. As soon as some cluster of stop losses or pending buys gets hit, it will jump as crazy
Maybe we should stay out of it tomorrow.
Good resistance on the GBPUSD at the 55 EMA 4 hour chart. The moving average is just above the 1.5700 level, which has proven to be a good resistance too.
Maybe we should stay out of it tomorrow.
The pressure is collected again : it can burst in any dirrection
Chances are down, but you never know
The eurusd no longer going up today and it will sideway consolidate somebody.
Tomorrow we can expect reverting what happened on Friday. As soon as some cluster of stop losses or pending buys gets hit, it will jump as crazy
Looks like stop loss clusters got hit
Reverting is going on. Probably a good chance to sell - but wait a a couple more hours
EUR/USD really did form a double bottom at the support at the 1.2350, which proved to be quite strong, and is now headed for 1.2570. Between that double bottom and the strong support I am starting to wonder whether this is not the beginning of a more long-term correction.
I hope so it is not and i wish it back to the 1.2280 soon.
Now all we have to do s to wait tomorrow
Quite a few news tomorrow - probable whipsaws : just another usual day