TheEuroTrader

TheEuroTrader

After taking profits on shorts yesterday from 0239s at 0154s for over 80 pip I went long. Anticipating a break of previous highs to complete a wave 3 of my 4hr macro structure. This would then be followed by a retracement wave 4. Good RR here. Invalidation level is the 50% fib retracement at 0123s.

05:47

TheEuroTrader

5 min video illustrating my play for next week. Targeting 1.00965 break as first target before a retracement. Enjoy your weekend folks!

03:14

TheEuroTrader

I demonstrate this bearish candlestick structure on 2 previous examples.

05:40

TheEuroTrader

Here's a quick video explaining why this is still bearish PA and I am expecting the downside to resume here to new lows.

TheEuroTrader

Look for the 161.8% fib ext to trade here at 1.0018s before going on to break the 0.9952 low... most likely late this week. Unfortunately I posted a video analysis on this earlier but it was taken down due to links.

01:41

TheEuroTrader

Quick video explaining abc idea invalidation. Currently flat in market and waiting for more PA before taking a position either way.

TheEuroTrader

Look for spike down and touch of outside of black TL as on chart. GL!

TheEuroTrader

The 'abc' 4hr macro structure is complete. Look for a rally to the 50%-61.8% Fib retracement break at 1.0306-1.0380 area. Huge potential swing trade here over the next week. GL and stay safe!

TheEuroTrader Updated 

The Euro remains bearish as long as no green candle close above 1.0069 (red dotted line). A candle close above this would flip me to bullish. Anticipating a break of today's low tomorrow before potential retracement. New fib ext and TL drawn on chart.

TheEuroTrader Updated 

4hr Update The 'y' leg of this larger macro structure 'C' wave down appears to be incomplete. It has been reset by the fact that 1 green candle took out the previous green retracement candle (noted on chart). This resets the structure and means we can continue to new lows again. Also note, we are still within the 'wxy' tramline pair. We would need at least 2...

TheEuroTrader Updated 

I am short 0602s and viewing this PA as a short squeeze. Look for sellers to step back in and take this down to minimum targets of 0359s - the beginning of my 12345 4hr candlestick structure.

TheEuroTrader Updated 

An absolute beautiful swing trade. Further analysis to come in the morning. Watch out for 1 more possible low here before completion of the candlestick structure. My 4hr swing strategy has been CRUSHING it. 👌🏾🙏🏾👊🏾

TheEuroTrader Updated 

FX:EURUSD This is how you draw a pair of tramlines for the completed 161.8% fib ext draw. You draw the first tramline connecting the top 2 points of the draw and the lower tramline from the second red candle close low. This gives a guide as to where the retracement can come to before making new lows again.

TheEuroTrader Updated 

Once the selling resumes, I will be targeting the 1.0106 38.2% fib ext highlighted below at a minimum. The fib ext draw is valid as long as today's 0221s hold. GL!

TheEuroTrader Updated 

Currently a hold if in shorts. Targets are way beneath and we still have further lows to come tomorrow. Candlestick structure is incomplete to the downside meaning any retracement will be sold into for new lows. I remain short from 1.0266s when we touched my tramline pair as posted previously.

03:32

TheEuroTrader Updated 

Hi traders! Have a look at my video to see my latest downside targets at the 38.2% fib ext at 1.0040s. Have a great weekend and make sure to follow for the latest updates!

TheEuroTrader

Tramline pair was tested and acted as resistance leading to new lows (SEE PREVIOUS POST) I am trailing this and looking for continued lows into tomorrow. We have also traded our bigger macro structure 100% fib ext level at 1.0213s which means I am now labelling this as an 'abc' macro structure and not a '12345' macro structure as mentioned in my Tweet thread...

TheEuroTrader

My previous post was just 7 pips from my 0359 targets! It seems candlestick structure to the downside is complete hence leading to a swing/retracement upwards. I am targeting the 50%-61.8% fib retracement area at 0491s - 0520s. I exited shorts from 0602, 0539 and 0472 at 0425s for +177 pips, +114 pips and +47 pips for a total of +338 pips! It was another...