Euro/ USD Bearish ABCD
מעודכן
Here on the Euro/ USD we have a Bearish ABCD Pattern. Now this is as contrarian as it gets. The stock market is super inflated, Bitcoin (BTC/USD) is figuring out if its going to bounce or dive... overall this is an interesting picture. from the technical stand point we are waiting for the AMP-RSI to return back to the extreme area and on the candle that drives the RSI out of the extreme area we enter. it is also very nice that the completion of the pattern is at an 88 swing point. so ideally we will want to see price come back into the box, the AMP-RSi to be thrown into the overbought zone, then a strong candle out of the box in our direction. i will say the ideal candle out of the zone will be roughly 20-ish pips and anything 40+ is chasing the trade! The first gold line is our TP1 and BE spot. cant go broke taking profit if using proper RM. Lately my entries have been sub-par at best and putting it lightly, so this has forced me to go back to Carney's books. I wish everyone a happy trading Wednesday!
הערה
הערה
hello everyone... well we did not get the move we were looking for last night (here in the States). but here is what were looking at... the volume profile is still telling uss that if the 50 resistance level breaks then we get a real good entry at the 786. when you look at the volume up there at the 786 you can imagine that if that many orders were executed at that level then there are more pending there. so we are still waiting for the best entry! עסקה סגורה: היעד הושג
Pattern completeהערה
So, even though this pattern is completed and successful, we might be able to hop in on the potential reversal. i want to see price enter the shaded box and throw some indecision candles and then drop. if this happens we enter on the re-test of the shaded box
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.