WinVested

WinVested

One month formed the inverse right shoulder. One month formed the inverse head. It will take another 3-4 weeks to form the inverse left shoulder. At that point we should accelerate up toward the $0.36-$0.38 region to test trend line resistance. I think with the power of the inverse H&S we will be able to get through this resistance level. If we form a higher high...

WinVested Updated 

Eurozone has been struggling as of late and the ECB has absolutely ZERO tools at their disposal to help (already zero-bound and never should have stopped asset-purchases in December - it's too late now). They're going to fail spectacularly soon, sending EURUSD to <1.05 by year-end and lower after that.

WinVested Updated 

This is my take on what to expect over the next week... Long until ~1.1315, then retrace to ~1.1290, then long again to ~1.1340-50, retrace to 1.1320-30, then final wave up to 1.1370-1.1400 before fall. Timeframes are not exact, just general idea over next 3-5 trading days. Good luck to everyone and remember this is just my thoughts and what I'm going to trade.

WinVested Updated 

Key levels at 1.1276, 1.1300, 1.1324, 1.1353 and finally 1.14. I'll be using these as a rough guide over the next few trading days through the 24th, but obviously, make your own trades.

WinVested

I think the possibility of this alternative view is <10%, but it's worth mentioning. If we can't break through resistance between 1.1275-1.1285, we may head to re-test 1.1200 area. Currently, I'm short with a stop/reversal @ 1.1286 and my first TP @ 1.125, 2nd @ 1.1225 and keep the rest of the short open in case of break below 1.12. This is not trading advice,...

WinVested Updated 

It's all in the graph... Price mirror since mid-May - expect it to continue until ECB/Fed meetings at end of month. Of course, they had to shake out the longs with the fakeout at the end of last week. This is not trading advice, I speculate just like you!

WinVested Updated 

Price pattern adjustment and returning to a neutral level before weekend. Medium-term view is that we create the right shoulder of inverse H&S over next couple trading days on hourly and rise up to ~1.14 then back down once ECB and FED make their motives known at the end of the month.