EURUSD - swing trading (updated running)

jckm

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RSI is signalling buy EURUSD on drips down

Target 1,5665 (FIB 23,6% - that is not much)
 

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Charts like that are exactly the sort of thing that encouraged me to pursue the trading style I am. It looks like you're trading at spaghetti junction!
 
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Wrong direction

Well it broke the support at 1.5620 and is heading down. I would sell with profit target at 1.5500
 
Last test in 1,5480

TARGET 1,5480

up to 38% retrace - 1,5510

AND then make a dobbelt buttom in 1,5480 - for a reverse...
 

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This weeks levels

If we wil have a breakdown today to 1,5500, which I dont see, and if it will happen in eurusd, then max would be 1,5535 - then it is all in today, this will be the buttom for the rest of the week, now first target is the rally to 1,5680-90, as you can see in the chart, today we are at level 15 in stochasti in overbought in daily - so outlook for a reverse is 95% - seen with my eyes ...



Outlook this week bottom was yesterday in 1,5520 area top will be – if close over 80 = higher up if closes under 60 = tomorrow in the 1,5620 to 1,5490 area again
 
4. Aug

Right now this looks like a buttom in EURUSD - Even daily is a oversold levels....

Buy up from 35-40 area if you are lucky now to get them...

attachment.php
 
the falling wedge

Looking at a 4H-chart

Looking at a big move in EURUSD

The falling wedge is a bullish pattern that begins wide at the top and contracts as prices move lower.
 

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RSI is signalling buy EURUSD on drips down

Target 1,5665 (FIB 23,6% - that is not much)



Go to an hourly, join all the highs up. Oanda will give you 2-1 above it and evens below it, that's thier box option pricing, so it tells you a little about the line (trend).

KISS!
 
Since we have change to a bearish mode in EUR/USD and have broken every support all the way down - then we only have this way down to support...

So I think GBP/USD and EUR/JPY will follow it down...
 

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