Hi guys !
I will join this excellent forum as I feel I have a lot to learn here and also because posting my setups may help "rationalize" my trading !
What do you think of that setup for EURUSD H1-H4 ?
I'm not sure where we are headed to (who knows ?), yet that's a beautiful chart...
The crab pattern seems close to ideal, doesn't it ?
Classic fibo level gives me various levels depending on the high I select, so I chose fibo fan, which is here a bit more consistent... I used blue rectangles (rather than lines) and red arrows for potential resistance areas... Indicators are clearly overbought but show no sign of reversal as of now...
That's a multi-timeframe stoch... So here I have the normal H4 stoch and the D1 stoch... You want it ? I attached it here... Hope it is OK with forum rules... That's not my code, it was coded by a guy from Forex factory... I have to say... quite useful...
...stayed much too short in this EURUSD butterfly we experienced last days ->
...pattern drawn manually.
btw: pattern internal structure is rather complex and was not recognized by pattern recognition engines, but an experienced eye can see it. There are actually not so many different fractals in which market trends are ending.
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