EURUSD, Long possiblity that may last for weeks.
Hello ladies and lads,
there is a good opportunity in EURUSD. I have described the situation briefly in the following lines:
1- Pattern:
5 wave pattern (motive) of C of Bigger ABC.
2- Fib zone:
1st wave projection from end point of 4th: 3.00
3rd wave projection from end point of 4th: 0.382
4th wave extension: 1.272
3- Indicators:
MACD : showing a Divergence that occurs mostly at the end of a motive wave.
DT Oscillator:
I have used 8.5.3.3. as the configuration for DT in EURUSD's chart.
both Daily and Weekly charts are in oversold position and their signal line has been crossed upward.
4- Trade Trigger:
2-5 pips above 1.18842
5- Invalidation and stop loss:
2-5 pips lower than 1.18060
6- Take Profit:
First tp can be 1.19753, but the potential is much more if conditions are met.
I will update this part later.
This is it. I would be glad if I could hear your thoughts on this.
You can ask me any question you have!
Thanks for your time,
hasta la vista!
there is a good opportunity in EURUSD. I have described the situation briefly in the following lines:
1- Pattern:
5 wave pattern (motive) of C of Bigger ABC.
2- Fib zone:
1st wave projection from end point of 4th: 3.00
3rd wave projection from end point of 4th: 0.382
4th wave extension: 1.272
3- Indicators:
MACD : showing a Divergence that occurs mostly at the end of a motive wave.
DT Oscillator:
I have used 8.5.3.3. as the configuration for DT in EURUSD's chart.
both Daily and Weekly charts are in oversold position and their signal line has been crossed upward.
4- Trade Trigger:
2-5 pips above 1.18842
5- Invalidation and stop loss:
2-5 pips lower than 1.18060
6- Take Profit:
First tp can be 1.19753, but the potential is much more if conditions are met.
I will update this part later.
This is it. I would be glad if I could hear your thoughts on this.
You can ask me any question you have!
Thanks for your time,
hasta la vista!
Trade closed: stop reached
stop has reached. the good thing is that the stop loss was small. lets get ready for the next possibilities best,
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.