Pitchfork setup

Euro Fx/U.S. DollarFXCM

Descrizione

⋅ 17 mag 2018 16:45

May be setting up here for the next leg up. The 1.128 extension bottom is perfect for this type of tool. DXY SPY TLT GLD

⋅ 17 mag 2018 16:46

I will update as this trade evolves. So far the base line was already backtested today which is always the first entry point to dip in.

⋅ 17 mag 2018 18:19

Keep in mind that May on average sees a bottom in USD based currencies in the middle of the month. However, May is the strongest DXY month of the year.

ig.com/uk/trading-opportunities/seasonal-trends-in-the-forex-market-39690-170905

charts.equityclock.com/euro-forex-fxeur-seasonal-chart

⋅ 17 mag 2018 18:32

09/08/2017 close will be the first target, an important close level indeed.

⋅ 17 mag 2018 18:33

The blue dashed line.

⋅ 17 mag 2018 18:35

⋅ 17 mag 2018 18:36

At the worst this baby comes all the way down to CAM Year S3 near 1.5000.

⋅ 18 mag 2018 14:42

Potential butterfly harmonic pattern bottom here, updated.

⋅ 21 mag 2018 20:41

Updated. Real buying today with a nice hammer bar to finish the close.

Commenti

momtaz1976

⋅ 21 mag 2018 20:46

what is the target?

momtaz1976

⋅ 21 mag 2018 20:46

is EUR/USD still buy?
I am in buy position since 1.17400 today

mortdiggiddy

⋅ 21 mag 2018 20:46

@momtaz1976, My first target is 1.21.