Trading is interpretation and discretionary decision i think Elliot wave is a good guideline, not a trading strategy but its my opinion only.
personally I’d be happy to be near the lower 126 areas this week. There is a good opportunity for 100 pips long I think around 12620-12590 (last weeks high)
Has to break 1.243 first which seems stubborn.
Looks so and may more 2614 play possible once breaks 43 and hold ! Strong bull fails if, already 2 failed attempts , next standard bull may come to rescue at 2514/ arounds if not ...
...not a lot of pending buy orders in that prev 1hr/4hr sw lo zone mentioned in my pst above clearly, as buyers are hardly rushing in to defend the upside cause - this after ...
Who is going to tell her? image
Good question, and the reason i stop count
If we break yesterday's low , we could go further down towards 1.26
As l mentioned yesterday that the key level to watch on USDX is 104.50 and if we get a weekly close above this level l will remain bearish on EUR/USD
Based on H4, a fresh bearish breakout has just happened or is happening as we speak.. Now I want bears to protect the circle rim... If they can do that, price then could stay ...
Meanwhile, on H1... Bulls are trying, but unless they keep candles above 1.0871, bears will push to reach 1.0837 area. Let's see which side is more willing*... *I am currently ...
EU Once price confirms this is indeed a trend change the pattern below will be of great assistance. H4 potential inverse H&S
New version "RHO-Pro-2" Here is the version with some adjustments. The arrows are drawn when the FastMACD crosses the zero line. One could alternatively also draw the crossing of ...
Meanwhile, on H1... Bulls tried but so far bears didn't allow them to climb above resistance area: ~1.0869-ish block... Waiting for London opening! Happy Friday folks