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EURUSD

EURUSD 60 min Bearish price action appeared and provided a sell opportunity. The blue fork suggests a target further down but this is probably a bit ambitious. Target determination yet to come. image

(binned per thread starter’s request) Powerful is the Fork

EURUSD 60 min chart. The 60 minute time frame shows a rather relentless down trend that began in May 2021. Currently it is in a correction and given the trend it seems reasonable to expect further downside. The chart below shows the current median ...

EURUSD

EURUSD 60 min chart. The 60 minute time frame shows a rather relentless down trend that began in May 2021. Currently it is in a correction and given the trend it seems reasonable to expect further downside. The chart below shows the current median ...

(binned per thread starter’s request) Powerful is the Fork

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What kind of music you hear while you trade?

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(binned per thread starter’s request) Powerful is the Fork

That's great Ryuryu! Looks quite basic to me! Are you using this consistently?

(binned per thread starter’s request) Trading with only basic con

I'll go first with something I'm working on directly as a result of other's questioning the validity of very simple trading and that such trading is not possible. So here is the current EURUSD 5 minute chart. All I have on this chart are horizontal ...

(binned per thread starter’s request) Trading with only basic con

Well said KarlKraus!!!

Is it possible to reinvent the wheel?

I respectfully disagree with you and the thread starter and I'm not trying to be argumentative. If a discussion is desired then I hope a view in disagreement is ok. In professional sports I believe the phrase especially holds true. There are basics ...

Is it possible to reinvent the wheel?

Finally we can also consider the following scenario given the overall downtrend. The pink ML in this configuration uses the last impulse and the current corrective attempt. It assumes that price may already be turning down but more confirmation of ...

(binned per thread starter’s request) Powerful is the Fork

Zooming in a bit and looking at the pink ML an argument to trade long towards the ML (center line of the ML) can be made. The pink ML was drawn using the last smaller swing corrective, impulse and current ongoing correction. Notice that price ...

(binned per thread starter’s request) Powerful is the Fork

EURUSD 60 min A median line can be drawn considering the last swing's corrective leg and impulse leg. I'll describe it in detail and then how it is relevant to any potential trades. Pivot A to Pivot B of the ML represents the last corrective leg of ...

(binned per thread starter’s request) Powerful is the Fork

Just from a 60 min perspective on the pair there was a large engulfing shown by the purple arrow but trading purely on single candles is troublesome. Price descended but the uptrend of left not done until swing taken out as shown by the horizontal ...

Operational Time Frame H1 - Looking for Solution

Closed this trade earlier today but thought I'd reflect a bit for anyone interested in the value of median lines. The 60 minute EURUSD is currently in a steep down trend. Using median lines in the context of trends gives median lines more meaning. A ...

(binned per thread starter’s request) Powerful is the Fork

I think most will not argue with MrBullBear's observation.

EURUSD

Your insight is spot on.

EURUSD