EURUSD simple short analysis

7 במאי

HH peak settled on H1, make first cup pattern (reaching 200% zone of reversed head and shoulders), completed a rational two (to three) wave sets of abcde, and, if chart wants to complete a tripple peak pattern hitting a diagonal resistance, it can even complete the triangle showing end of accumulation and start of distribution, breaking the zones below, reaching 400% of the volume balance/cup pattern.

it can take time to reach that low, though, because it can go down but then go up. So, cloose SL when op. is on profit.

7 במאי

הערה

Same setup for GBPUSD, but it shows a larger triangle.

7 במאי

הערה

This makes me think that chart may not go full bearish until all charts triangle are finished to the end.

sidenote: chart has no restriction to go bullish. This are just chart patterns, they can predict chart direction only if all circunstances are met and range power can finish earlier then expected. That's why is better to follow other strategies that doesn't involve chart patterns only because of the lack of trust. I'm showing and directing this idea with the most logic as posible so everything can be detailed and explained. Without further ado, I'll keep posting.

7 במאי

הערה

If USDCAD goes bullish, great chance that EURUSD goes bearish.

7 במאי

הערה

Second cup finished. Trading sell is more suitable. Even if chart still can go up, since three tops has been made on diagonal trendline, it's good to take the risk.

7 במאי

עסקה פעילה

7 במאי

עסקה פעילה

Cloose SL on profit. Always do this.

9 במאי

עסקה פעילה

SL can be put on 7505.
Head and Shoulder pattern has been reversed. Waiting to see more bear movement.
Elliot Wave has been finished, so, chart will have more trouble going bearish, plus, triple bottom has been made. It is a difficult position.

9 במאי

העסקה בוטלה באופן ידני

You can keep it open if you like. Chart may go up for now, but eventually will go more sell.
I'll decide to close it and later open it.

9 במאי

העסקה בוטלה באופן ידני

I guess that a fake head and shoulders is stronger then any other limiter, huh.

9 במאי

הערה

An unpredicted event happen and chart went full bullish. Thought, this could be predicted in D1 t.f., H1 was weak of evidence.
It didn't even reach the 200% of fake H.&.S. pattern. Anyway, analysing this with full logic, chart seems to appreciate bullish movement. If so, then what we have taken until now was just a retracement, meaning that the bullish will continue. Watching that chart can still go sideways and is favorable because it will be entering in a strong phase, I assume that will be reaching the atractive channel that I set in D1 t.f.

Power phases are identified with some triangles that I builded using time length between two high or low peaks and a midle peak that forms a perfect structured triangle. If you don't understand it, later on I can explain it. Well, let's see if this scenario goes long.

10 במאי

עסקה פעילה

It freezed and is going sell. It's risky but I'll go sell now. Probably at least it will go sell for an hour.

It's a risky trade.

10 במאי

עסקה פעילה

Bitcoin is synchronized with EURUSD when it comes to buy, but in sell, it seems there is a divergence.

13 במאי

עסקה פעילה

While Bitcoin drained USD loose of power during the weekend, EURUSD chart was freezed. Now that USD gain power again, instead of going bearish, it went full bullish. Still, the bullish was needed to correct a volume disorder that was let behind. Now that everything is clear, chart needs one final wave. Let's wait patiently.

14 במאי

עסקה סגורה: הגיע לסטופ

D1 volume atraction is ongoing. Chart will keep being bullish for some time.