i made a EURUSD video this weekend, it will come soon on the YOUTUBE channel(www.youtube.com), people could have a look with USDJPY AND CRUDE OIL idea for a quick understanding of the way i trade
1H chart a small buy signal ,4H Chart a possible support.... take care of this trade
there is big potential room downside, waiting for a break out signal..
Looks like Break out already happens
for the coming week, the main theme for this pair, i see it is going down to test the daily triangle support...key support is the rising wedge support ... let's see
still need daily close confirmation, but we perhaps have a nice party with selling the last leg down
finally we see our priority pattern A....everything looks like already perfect arranged..
as describe in the former idea (see link), if break down confirmed, there is big space with the leg D
i find i missed this possibility, if see price close below 104 in a 4H chart, then this is one is priority of my trade...
in this big structure, this pair have a big potential, i am consider make a small video to explain it
looks like price formed a support and break a small down trend, i am thinking long time this week
To be an early bird, i am thinking when to sell this pair, not now.. as the Plan A runs well and still have room...i will keep watching the support line of the up wave, if it broke, then the uptrend will be dangerous/// For sell, now i plan do it with the ceiling of the corrective structure (ACE LINE) and another big line in a bigger timeframe, i will show it in...
in this structure, ceiling will limited around 104.6.. and with this structure, I personally think it is more bullish actually in a long term view, as the next impulse could be very strong... whatever Both Mode A or B are bullish, and the green bottom line below will be a nice buy enter
yellow part finished and the two blue resistance line is now under the price (which means it is not the ceiling of the structure), so this ABCDE IS still the most possible pattern in the near future trading