Details on the chart.
Possible last leg down for OMG Pattern suggests a WW geo. - Target is point 5 of line 1-3. - Point 5 can act as a strong support and reverse. - Once point 5 is reached, new target will be line 1-4
1.3500 is very important resistance for the pair. Above 1.35 we could see bullish swing targeting 1.7168 for the rest 2017-18
Entry 1.63475 (at market), targeting the 1.5300
I'm waiting for the confirmation of the DT below 87.65 then I'll try to find a sell setup. Keep in mind the WW target at 81.90
This is my second try to short the pair close near the major resistance. SL 1.14106 , risk 1% entry 1.13956 TP 1.13508 or.... put SL at BE and let it run (take the potential weekly WW into account) ps1. Trailing stop loss strategy required for the maximum result. ps2. You can see also a 2618 setup! I'm leaving for vacations so I won't update the trade. Good...
SL<128.037 , risk 1% entry at market (128.45 for me) TP = 129.55
I'm looking for short setup bellow and close to TL. If the market penetrates the TL we must think obviously how to catch the Bulls. Remember that market doesn't respect our drawings. We just trying to spot areas of interest.
SL above 1.3377, risk 1% Entry 1.3336 (at market for me) Target: Open
SL below 1.32497, risk 1% entry 1.3270 TP 1.3331 For more conservative entry wait for the break above the entry and pull back
As you can see on my chart, 1.40 seems to be a bullish daily target. Long positions above 1.3600 SL according to your rules Target 1.4000. That's my resistance area that i'll consider to thing about shorting the pair. (Deep Crab, ABCD & wwPo5')
Possible scenario after LTC has rallied to point 5' of WW as 22 JAN 2016 forecast
The next big opportunity for EURUSD it'll be bearish, I thing. Bear's are hiding somewhere around 1.10 targeting 1.057 and even lower.
Btc possible scenario after reaching point 5' of WW.
With more than 150 pip SL I don't wanna involve with this. But I will try to find something at a lower TF. In any case, the target is 1.4000.
As you can see we have also a Butterfly at the same area. BC=0.386AB doesn't meet (Butterfly rule) but that doesn't bother me because of the WW.
Entry: WAIT for pullback to 1.3400 Targets: 1.3600/1.3735 SL: <1.3300