Some of my forecasts
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Mr paul, good morning Thank you for sharing your perpective on my idea, I have another chart to show.I would like you to share your idea's on this as This is the chart of h4 eurusd,the yellow candle that broke the bull cloud was my sell . the reason was the breaking of very thin bullish cloud that indicated a trend change, the tk/tj crossover happened just above the thin cloud and simple broke through the cloud and the chikou span did the same , to add to this the price also broke the 200 day sma !the stoch looks greatly oversold and it is having a hard time crossing above the 20 The whole chart looks bearish on the h4 , daily chart is also bearish but the stoch has not been oversold yet so it gives me the idea that it could possibly look for more bears, On the weekly TF the pair is neutral it is resting inside the cloud the chikou is also inside the cloud, the bottom of the cloud is at 1.3182 and a strong support is seen at 1.3083, , stoch is oversold! My best guess is that it would touch the bottom of the weekly cloud possibly at 1.3182 and could go even till 1.3083 but I don't know if it will break through the weekly bottom cloud and start a bearish trend or we will see a reversal please share your views on my idea!
IMO, a perfect analysis. I'm bullish, ST, at 1.3295, because of the 4-hour being OS, and that point is my WS1.
You and I are seeing eye-to-eye with regards to the big picture.
You and I are seeing eye-to-eye with regards to the big picture.
Mr paul, good morning Thank you for sharing your perpective on my idea, I have another chart to show.I would like you to share your idea's on this as This is the chart of h4 eurusd,the yellow candle that broke the bull cloud was my sell . the reason was the breaking of very thin bullish cloud that indicated a trend change, the tk/tj crossover happened just above the thin cloud and simple broke through the cloud and the chikou span did the same , to add to this the price also broke the 200 day sma !the stoch looks greatly oversold and it is having a hard time crossing above the 20 The whole chart looks bearish on the h4 , daily chart is also bearish but the stoch has not been oversold yet so it gives me the idea that it could possibly look for more bears, On the weekly TF the pair is neutral it is resting inside the cloud the chikou is also inside the cloud, the bottom of the cloud is at 1.3182 and a strong support is seen at 1.3083, , stoch is oversold! My best guess is that it would touch the bottom of the weekly cloud possibly at 1.3182 and could go even till 1.3083 but I don't know if it will break through the weekly bottom cloud and start a bearish trend or we will see a reversal please share your views on my idea!
Yes, I want to see how far I can ride it, ST.
I like the ST idea, because of how low under the 4-hour cloud it is getting, OS condition of the stochs, and the WS1 at 1.3295. They all add up to a temporary reversal.
Within the complete scope of methodology, I'm considering the possibility of a headfake out of the weekly cloud. Price action stopped dead on the monthly TL and the weekly is just under SD channel extremes.
If that is the case, then I would originally be set up for a ST position, but then be in it for the longer term correction of the total DOWN.
For me it is a risk worth taking, considering I'm going to get the pips ST, at least.
I like the ST idea, because of how low under the 4-hour cloud it is getting, OS condition of the stochs, and the WS1 at 1.3295. They all add up to a temporary reversal.
Within the complete scope of methodology, I'm considering the possibility of a headfake out of the weekly cloud. Price action stopped dead on the monthly TL and the weekly is just under SD channel extremes.
If that is the case, then I would originally be set up for a ST position, but then be in it for the longer term correction of the total DOWN.
For me it is a risk worth taking, considering I'm going to get the pips ST, at least.
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ST is the acronym for short-term.
The SD channel is a standard deviation channel. Once price action hits the extreme of the channel, explosive activity is always expected. Combine that with our knowledge on the ichimoku, and you have the means for excellent confluences for explosive reversals.
The thing to keep in mind is the channel will change, because the measurement of the standard deviation will change, because the candles are always changing. The standard deviation channel is not an S or R indicator, but is simply a forewarning or a precursor of what is to come.
This is also why we have explosive reversals around the corner in many of the forex markets. Many have very OB/OS conditions, are at key areas with respect to the ichimoku, and the SD channel indicator is agreeing.
This is another reason that even though you and I whole-heartedly agree on the direction for the EUR/USD, my antennas are up. I know the explosive reversal is around the corner, but then I also know there could be an explosive end to the current leg.
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