Review of the movement of EUR/USD from the previous week, based on Bullish Technical data.
Spinning top candle signifying indecision in the market. Bulls and Bears enter at the extremes of the range. AGGRESSIVE CONSERVATIVE
Trend continuation pattern traded using the Percentage change (Fib) tool for both Aggressive and Conservative entries, stops and targets. AGGRESSIVE CONSERVATIVE
Head & Shoulders pattern traded using the Percentage change (Fib) Tool for both conservative and aggressive entries.
Identified, confirmed and traded using the strategy outlined in the H&S Tutorial, see related links below.
Regular Divergence signifies either a correction to the trend or after further confirmation, a complete reversal of the trend. Regular Divergence is identified by comparing price action (PA) to the Relative strength index indicator (RSI). Regular Bearish Divergence (RbD) occurs when price action forms a higher high (HH) but the RSI indicator forms a lower high...
Entry at 1.27567, Stop loss at 1.26578, TP1 at 1.28789, TP2 at 1.29545
50% of position closed at TP1, remaining position is now risk free.
Entry at 1.26823, Stop loss at 1.26346, TP1 at 1.27300.
Entry at 1.29107, Stop loss at 1.29176, Target 1 at 1.29011, Target 2 at 1.28952
Wait for close above the neckline before setting entry at the neckline, stop loss below right shoulder, target at height of pattern above neckline.
Entry at 1.31513, Stop Loss at 1.31961, TP1 at 1.30885. TP2 at 1.30496
Entry at 1.26736, Stop loss at 1.25549, TP1 at 1.28656.
Close 50% of remaining Long position at TP2.
Bearish H&S pattern forming a retracement at the TP1 of the Daily bullish Gartley.
Late entry on retest, adjusted stops and targets.
Entry at 1.29029, Stop loss at 1.27729, Target 1 at 1.30854, Target 2 at 1.31981