


smartsociety
Hidden Divergance for bearish , and clear line of former support playing resistance now . last tme the price reach this area is 01-01-2009
well , sometimes Forex play so devilish game with us providing two valid views one bullish the other is bearish. as it usualy does with EUR-USD .... However I think other times the trick is to put it so easy and clear in such way traders will be afraid and not sure as they used to complixity ! I say this introduction for this chart now is perfect chance let us...
I think just now I have caought this devil playful pair as shown the two ways of divergence measuring show bearish signal on is regular the other is hidden.
Now retesting the previous resistance and it will prove support (line red). today candle is going to close in a bullish pin par setup. long now and catch the second boat. we'll meet again to see the trip sailing...
I have posted earlier views to short this pair and it got good profits after that I realised the end of corrective wave 4 with other bullish hidden divergence (on more than three indicators). add that the green line has been holding as a trend support... I have opened and closed many positions so far and gained well , so I will stick to this pair and be away...
Divergence is so clear and waves are to the up side , so the current down move is only a correction.
A lot of shorts was triggered thinking that bat is approaching and yes we got nice benefits ,however I dare to say no bat is still asleep and won't be awaken before we reach the wave (5). The move on GBPUSD is a different case.
I think it is a developing tendency in me to love shorts (maybe cause the give me more benefits than longs do) for this pair I see it just as simple as this and yes my short position is already triggered . Let us see how this short will fit the hot summer :)
longer term is for up trend although I think it is already broken and all in all the down still has clear chances hope by tomorrow parbolic sar will give reversal signal at this 200sma so nice area ,then the trip to point five will be perfect.
clear divergence for bearish and we are at wave 4 retreating back....
THIS AREA IS A BATTLE FIELD , BUT I SUPPORT THE BEARISH SIDE.
This Bearish Divergence on 4H chart should have a meaning, for me more enhances on the idea published on 1h chart :)
NO buy my VSA analysis and even Elliot waves are not with the good long side at all . My idea is this up move is only to hit some SL and get smurfs out of the farm , in VSA zone this is called a shake out . so what now? I will wait to see just one Parabolic SAR dot from above (showing bearish) on 1H chart which means breaking through the 200 MA has failed. Then...
Strong sell opportunity , sell with the first SAR signal down on 4H. Good luck :)
The last up move is nothing but a trap for small traders , then that will increase the profits for the SM when selling at highs . Users of VSA will realize it. Chart photo shows how crucial this line is ...
This is to give more support to the already provided idea from Mr.TraderWgun , buy now as we are in the lowest area.