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Well, we had a very interesting week. EW followers missed their targets again. This is not new.
Let me give you some levels to look at on EURUSD.
EURUSD is bullish as long as it keeps above 1,2691 - 1,2551.
In order to keep going up now, it needs to break and hold above 1,2842. If it does so, next will be 1,2890 and then, this is a very important level, it needs to break and hold above 1,2930 - 1,2840 if we want it to 1,3176.
If EURUSD goes south now and breaks and holds below 1,2551, It could go down to 1,2300.
As you can see, I'm not saying "EURUSD will go up or it will go down". In fact, I do not care. Well, this is not true, as I'd like EURUSD as high as possible, cause I go abroad soon and I need to buy $. So, as my currency is €, it'd be better for me to have it at 1,3176 than at 1,2300.
Trade what you see, mates, and forget all those gurus and snake oil sellers. There are some out there that see EURUSD almost at parity this year.
Another interesting pair this week will be USDJPY.
USDJPY, as long as it keeps and holds below 114,02 - 114,88, its way is to 111,60.
EURUSD, level 1 sell (13:00cet) @ 1,2769. Made a low so far at 1,2727. +42 pips.
USDCHF, level 1 buy (11:30cet) @ 1,2258. Made a high so far at 1,2316. +58 pips.
GBPUSD, level 1 sell (11:30cet) @ 1,8442, Made a low so far at 1,8391. +51 pips.
As you can see, you could have taken level 4 sells on EURUSD and GBPUSD when Histo turned red because it was a rush. Those level 4 sells had given more pips.
It really is a nice morning but i think for "fairness" we have to say that the cable signal was far away from the EMA if one waits for the new 30 min candle. So i would probably not have taken it, personally.
Linear Mode
