EURUSD Short
Mis à jour
H4 Mitigation Block + Breaker After falling from Ascending wedge. Looking for a trend line bounce and fake breakout from triangle before trend line breaks.
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A break in this trend line should lead to a momentary rest in this down move. That MIGHT lead to to retest of the red zone above.
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Note to Self: No trading rest of week unless this H1 OB holds position and we see pullback to M15 OB. If H1 breaker forms wait it out. Need sideways movement over the next day or two in order to stay bearish. Would be really odd if the bottom trendline holds and only one side of this triangle is breached. If the top side of the triangle is breached it should failed before it reaches today's (Wednesday) high. If it breaches wednesday's high outlook may turn bullish.
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Need price to break down now in order to get a short for a new low. If no break down in price, then it's less likely for me to jump in and original analysis of false breakout may occur.
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Original analysis in play still. DXY to EURUSD divergence with a breaker to confirm (at 3:00 NYT). This shows that a short term higher high may be in play for EURUSD. Looking for Unemployment Claims at 8:30 to serve as a possible reversal to send EURUSD lower, opposite of what people would anticipate.
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Was early with the divergence + breaker, don't rush London open - wait for closes.Commentaire
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Watching for possible reversal on EURUSD. Market went haywire, cutting less where need be.Commentaire
These trendline breaks and break to the downside from the triangle on EURUSD has trapped many trader, including myself. I'm looking for a reversal on EU here.Commentaire
Depends on what happens with Monday's range. I'll be waiting to see which side of the Friday range it takes out first. Price could really go either way, but I'm still hunching to a further drop. It just DEPENDS how how it moves through Monday in regard to which side of the market I take for the week.
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I was hoping that a "bull flag" would in fact form from Friday. This closer view on price will tell me a lot about the week IF it plays out like this. These almost always don't play out like how we're taught they're suppose to. So a fall from here may mean that this week they're trapping traders with the larger triangle with a fake break lower and then a move much higher. But I still stand by my idea that we could see a small move up to take out Friday's high then a move much lower.
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