EURUSD Daily: Last Reminescence of the Uptrend Part II

31 May 2016

Expecting a correction from here: confluence of 61,8% retracement of the uptrend since March and 1.272 extension of the last wave up from the end of April, together with the test of the uptrend line since December the 3rd and support level which has played its role previously.

The target is the zone of 0.618 which is in a tough resistance area. SL means the break of the trend line.

1 Haz 2016

İşlem aktif

1 Haz 2016

İşlem elle kapatılmış

Closed it at 1.11753 from 1.11289, as it looks like another top, price reached upper BB and resistance of downtrend line,



Waiting to reenter lower.

2 Haz 2016

İşlem aktif

2 Haz 2016

İşlem elle kapatılmış

Closed long for now, showing signsof weajness 1 hour before ECB conference.

2 Haz 2016

Not

2 Haz 2016

İşlem aktif

Relonged this 1h candle at 0.618 retracement, SL under previous low

2 Haz 2016

Not

3 Haz 2016

İşlem elle kapatılmış

London session over, 4 more hours before the weekly close and bseides that, looks like a hard region now. Will wait for correction beginning with Monday to enter for the final part of this wave.