EUR/USD break or bounce?!

2 Tem 2018

EU is becoming a little more clear here as this week turns on us. As you can see the H&S pattern from last week was successful and had a full 100%RT. Which in fact turned into a 78.6RT on overall trend. So far this week have not seen price hit below 1.1600. This point currently gives us a new HL at 61.8RT from previous LL to previous LH. IF market can hold at this price, next we look for a pass at the BOS (break of structure) line, (previous LH) we should then break out of triangle, retest, and bank 180+ pips to the 1.1835 area.
For now i have marked up 140 pip gain if we see a continuation of these bullish signals.

just in the time of typing this we already gained 25+ Pips

-dont use my ideas for making money... these are just ideas. thanks.
-J

3 Tem 2018

Yorum

Momentum has brought us to the bullish side as i had anticipated. I opened a buy order with a TP at 1.6700 last night and woke up 45 pips in the bag as you can see highlighted in this photo.
Here we can play the safe side and wait for a break of the triangle (or trend line however you choose to see it), followed by a retest of the line as well.
If broken we can expect prices to hit the 1.17600 area!
happy pippin

-dont use my ideas for making money... these are just ideas. thanks.