Ozayevable

Ozayevable

And even without the BAT that 50% line looks like a damn good short.

Ozayevable

Trading plan is on the chart.

Ozayevable

I have 2 surviving (!) long positions on this pair, marker by little green arrows. Hopefully the pair wont decide to give another test to lower blue channel, and ill manage to to ad few more longs on our way towards at least 0.7500. PS: remember this?

Ozayevable

buy the support or buy the breakout. either way the blue channel is not stable and should break to the upside.

Ozayevable

well, its make or break time for the pair. Its hibernating. what a drag. Well i guess this was expected after a year long "tour de no looking back".

Ozayevable

This form of corrective pattern is called irregular flat, or expanded flat. So i decided to give it a textbook shot. Considering the first decline from july 7th highs is pretty convincing, i think my chances are very high. i`ll move stops to b/e as after an impulse move down. edit: The shorting price is based on smaller time frame wave 5 projection. Otherwise...

Ozayevable

break ---> pullback ---> continuation

Ozayevable

break ---> pullback ---> continuation

Ozayevable

break ---> pullback ---> continuation

Ozayevable

Even with all the dollar weakness around, this weakling failed to show any commitment. The range is tightening and price failed to close above weekly open @7750. So im calling it: new lows are coming.

Ozayevable

one of quite few reasons to buy this pair.

Ozayevable

I believe the pair is in short term corrective rally and the next bounce is a good shorting opportunity with decent rr.

Ozayevable

so, if our long setup has failed via trigger of our stoploss no worries, we have even better setup. the dashed red line (aka "longs going down") is where, well, longs are going down. This line is important and will trigger huge amount of shorts. You can sell the market at the break of this line with stoploss at 1.1400 if you wish, but i prefer a retracement...

Ozayevable

#eurusd has been ranging, but in a very technical fashion. So this long setup is kind of a no-brainer, and should give us at least enough room to reduce our risk.

Ozayevable

nzdchf pulled back in perfect 3 waves just before the weekend. very confident in this setup, so im playing for final 5th wave. but then again, market doesnt care.

Ozayevable

shorts had their chance

Ozayevable

chart

Ozayevable

but until confirmation id rather wait for 1.4790s which will be ideal place to start shorting.