We are trading near the illustrated central Pivot Support Zone - which is definetly a nice Action Points - that means that i exspect a bigger move with high volume. At this Level a decision has to be made.
Two trades are thinkable:
1 Long at the present Level or near the Support Zone, sl near below this Zone.
2 Stoppsell below the Support zone
Former View: Inverse H&S
Two trades are thinkable:
1 Long at the present Level or near the Support Zone, sl near below this Zone.
2 Stoppsell below the Support zone
Former View: Inverse H&S
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oh oh...heavy downmove..
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We have reached a very important level. We kissed 6 times this level, every single dip was bought. what will happen with this dip? will it be bought again?
If you think that, you could open a longposition with a stopp near below todays low.
A first sign that we have seen the low (temporarily) is perhaps the BB, at present we are trading outside - this is not "normal" so you could exspect a countermove back into the BB - the problem hereby is that BBs are only good for sideways markets/ slow trend markets) in trend markets you can`t handle trading with BBs.
If you think that, you could open a longposition with a stopp near below todays low.
A first sign that we have seen the low (temporarily) is perhaps the BB, at present we are trading outside - this is not "normal" so you could exspect a countermove back into the BB - the problem hereby is that BBs are only good for sideways markets/ slow trend markets) in trend markets you can`t handle trading with BBs.
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we are here: the chart tends to break the in this tf shown main uptrend
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The RSI signs that the downswing can go further
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It seems very simple: If this would be a stock, i would try to catch the cyclical breakout. Stoppsell below 1.435, tp1: 1.384 TP2 1.28.
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Others would buy this bottom - the Chance-risk-ratio is phantastic !
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for you crazy counter-scalper: nice szenario, nice crr (but for me no signa for a turnaround right now)
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microtrend (5min) is still short..the chart brightens a bit above 1.4445..- below todays low you could exspect a further downwave
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2 possible trades (scalpes)
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shortside trigegred
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rsi totally oversold...exspect a countermove -beware of a possible beartrap!
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Trade attivo:
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The RSI signs a further recovery perhaps up to the shortterm downtrendchannels upper edge .
Trading below 1.4420 is still bearish.
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on its way...rsi is oversold now, i exspect a countermove soon
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we dipped deep and kissed the potential buying area - nice Long crv now
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they really bought this bottom..now we have reached the min. correction fibo, the rsi is overbought
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