in this TA only the rally mode is important ... the path can vary but if so, then the motto is: "what flies high, falls deeply"
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all blue lines are TP
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when he soon touches the red line again - long and hold the chart above has all TP levels
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i'm long 1.15245 sl 3 p if i stay in play i'll wait for TP 1.1627 &1.1787
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long from yesterday - TP 1.1627 reached
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see update (above) from may 29 with comment "all blue lines are TP". All in all, the first 3 TP achieved so far... at TP no. 4 i look for short
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yesterday TP no 4 done
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my sell limit @ 1.1833 sl above 1.186 TP 1.1674/69
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on weekly bullish cypher... despite temporary setbacks, i expect rising prices at least until TENKAN SEN is reached
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see update June 11 short entry filled... TP no. 5 reached trade finished
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now i^m long SL under 1.1747
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*** SL under 1.1647
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till now correction 0.62% support 1.1585 i keep my long
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in july i expect new monthly low. KIJUN on monthly is support - green dotted line. the question is if he turns down at the first or the higher red arrow... we will see it.
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If we do not see until Wednesday break and close above 1.1738, then we could fall back to form the d (triangle) of the c of 4
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EURUSD ran as in the last post, but did not come deep enough to activate my buy limit ... should have fallen a bit lower ... maybe next week but first let's see what he does tomorrow.
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buy limit @ red line
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Here is an alternative: this count might work if there is no break and close on daily basis below 1.156 (Till the middle of August)
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so far so good... I look if 1.15621 will be reached ... there is buy limit with SL 1.1520 and TP 1.1697