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AkifTokuz
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83 % forex 17 % stocks
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EURUSD 83% | 5 ABUS 17% | 1
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hg levine midas pricechannel s_r support supportandresistance vwap wrb wrbhg Less Tags Show All Tags
ABUS before jump
ABUS
, DLong
ABUS: ABUS before jump
Updated 

ABUS broke the resistance line and floating over the support line. Expecting a line comeback to support line or ex-resistance-new-support line (they might converge) to fuel up before the big leap. A touch on the midline would be enough to get on the train.

Monthly MIDAS resistance lines turned into next support for EU
EURUSD
, MShort
EURUSD: Monthly MIDAS resistance lines turned into next support for EU

Two monthly MIDAS resistance lines turned into support. They converged on the right hand side of the chart. Support rests on 1.2250.

S2 is broken and R2 is pushing down on H1 timeframe
EURUSD
, 60Short
EURUSD: S2 is broken and R2 is pushing down on H1 timeframe

17:25 GMT update. Everything goes as expected so far. IMO, S2 is broken and cant support prices anymore. R2 is pushing price nicely down. EU is going DOWN. On the left side in close proximity, there is not any anchoring point which can give support for the faling prices. We need to go far far back left to find a support MIDAS line below these price levels. But it...

EU H1 Short @ incoming R2 or R1 MIDAS resistance lines
EURUSD
, 60Short
EURUSD: EU H1 Short @ incoming R2 or R1 MIDAS resistance lines

Waiting for bearish confirmation patterns occur at R2 or R1 for going short

EU loves that 15 year old band
EURUSD
, DShort
EURUSD: EU loves that 15 year old band

EU respected MIDAS channel started back from 1999 multiple times. It will probably want to reach that band again. Target at least 1.24

MIDAS Channel Indicator on H1 EURUSD
EURUSD
, 60
EURUSD: MIDAS Channel Indicator on H1 EURUSD

Last MIDAS channel was anchored from the wrong bar in the indicator page so this is the one with correct anchoring. Basically MIDAS channels are now acting as resistance. Latest MIDAS channel is chasing down the price.When price comes back to channel wait for a bearish confirmation signal then go short.

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