EURUSD is in a lateral zone since first days of August. Here is a possibile pattern of what could happend. I will take a short position on breakout of the weekly pinbar lowest point. Setup invalidated if price will break above 50% weekly pinbar length. Weekly chart below. The huge pinbar formed 3 weeks ago is still a valid setup to trade.
You see here that the price action is: a. Broke Above the 3 moving averages we have on our chart b. It broke a channel on the H1 time frame. This is a combination of a break of a channel and another strategy that uses 3 moving averages. Lets see the results...
3rd wave is almost over. I'm expecting a 3-4 wave soon into last impulse wave on this medium term bullish trend
Every time there are 2 consecutive highs or lows and a stochastic (14,3,3) divergence, Crude Oil always turns its direction. So brace yourself Bull is comin'
Bearish trend confirmation arrived on NATGAS
trade the rebound on 4h EMA20 (.786 fib level)
huge movement soon on crude oil. usually pennant is continuation pattern so 70% bull chance 30% bear chance
Trade the rebound after wedge broken
trade the correction wave to channel bottom (.5 fib level)
Awesome price action pinbar yesterday
low volume breakout on point 4. price re-entered in the channel. sell to channel bottom or wait the breakout in the opposite direction