AWESOME , ext…

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AWESOME , extremely tight equilibrium area is lining up
here in the EURUSD 8H
Get ready for explosive move

time to set the OCO (just in case turns agains us)

Win Win baby  ,….WIN WIN

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 EUR/USD take off

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EUR/USD claims its ways up slowly , yet securely
sitting on rising channel support , within the investors zone lining up
the staircase is clear – 2380/2480/2554
Unless there is major fundamental shake up,
pair is comfortable on the long side all the way to 2554 ,
where our recent studies applying Gartley’s 222  (see Tech Talk )
show a significant drop is expected
till than ,….. enjoy the long side   😀

Gartley’s “222” taking shape in EURUSD

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Scrolling the charts in search of good set ups

has been a real challenge in the past two weeks with constantly declining

and currently reaching record lows volatility.

However ,

being the most liquid pair ,

EURUSD is on the front door of any activity picking up …

Taking closer look into the 8 hour chart ,

at first glance chaotic movement , proved to be an extraordinary trading opportunity,

yet not reached maturity.

Being part of a complex wave at present time,

this pair is not as attractive as AUDUSD

but traders who stay aware of the EURUSD set up and recognize the tipping point (1,2554)

have a great chance to make few hundred pips shorting it,

in a matter of a day or two after it triggers our order.