Is today the Breakout-day? I see 2 clear Action Points - the edges of the box - here are breakout-Szenarios thinkable. The risk loving anticyclical Investor could open a shortposition at the actual Level.
Former analysis:A Traders Dream?
This illustrated H&S would be a Traders Dream! Will the pair take the direct way up to the Box`s upper edge or will a H&S be formed? prices > 1,4722 --> next TP = upper edge @ 1.4775 H&S Targets: 1.4792 ( min ) / 1.485 (max)
COMMENTS ARE WELCOME! AGREE OR DISAGREE
Reached again an action Point
The pair reached the bottom of the in my last Analysis mentioned Trading Box. Now there are two direct positions possible. 1. Anticyclical Long at the actual Level --> TP = upper edge of the Box 2. Cyclical Stoppsell near below the box`s bottom--> TP= 1.453
All Prices above the box`s upperedge is a longsignal
Caught in the Box We see euraud ranging between 1.4655 - 1,4775 I see 2 clear Action Points - the edges of the box - here are breakout-Szenarios thinkable. The risk loving anticyclical Investor could open a shortposition at the actual Level. All 3 positions are drawed into the Chart. I for my own would prefer the Breakout @ the upside, cause i see a flag (but flags don`t work good against the trend !!)
Comment. hahah...filled the short, reached target - built an H&S, triggered --> prices > 1,4722 --> next TP = upper edge @ 1.4775 Comment. reached tp @ 1.4775 on the direct way..
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triggered the shortpoisition
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phantastic! First, the risk-lover made his short, then the Long got triggered and reaced the tp- cheers guys!
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TAKAFX
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Trueman23
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i totaly believe in the long scenario....we are just above the box...hope this is not a trap ;-)
as always great analyses ..thumbs up Mary
The_Cannalyst
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THX! Watch the RSI, perhaps we will see a retest of the BO-Niveau which is nearly corresponding to the 38,2 fibo of the last upswing
The_Cannalyst
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btM_Afta
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I already took some profit in a long position, now waiting for that breakout ! =)
Nice chart, thanks !
PA-FX
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Wow thanks a lot you are doing a great job! i am learning a lot of your analyses!