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.