EURUSD, bigger picture

Hello Friends, Traders and Interested,

here my first TA according to EURUSD. My last TA according to BTC is still valid, because I showed there also a bigger picture and nothing important changed.

Okay, away from BTC, lets go into the EURUSD 1 - day chart. At this very moment we are near to a small reversal of the past weeks bear trend. I think the target will be ( as to be seen in the chart ) at around 16.200- 16.400. Than we might see a pullback to around 1.2000 - 1.2200. Many other Traders here in TV showing a similar development.

But what might happen than? I think we are inside a process of an H & S development. The pullback from this actual bear trend to the 1.2000 area would build a perfect right shoulder. From this point I see the start of a much bigger bear market compared to the actual. But , as always, not my TA will show correctly the future, only the future itself can.

Okay, as always no trading advice, just educational. Trade safe and trade on your own risk.

Comments , Likes and a Follow are welcome and make me happy.

Yours Sascha

Komentarz:

Hello Friends, Traders and Interested,

here a quick update to my past TA above. I did a little mistype last time, the neckline bottom was wrong, I typed 1.6200, but 1.5200 was correct. And exactly this point we reached today and it bounced from here. I think we can go now long until nect target ( right shoulder at aroeund 1.2100). If we really should go there, I will update this Idea again.

Whish ya all the best, as always no trading advice, just educational. Trade safe and trade on your own risk.

Yours Sascha
A Like and a Follow makes me happy.

Komentarz:

Inverted H & S in work. See possible trading points:

All the best for you all,

Sascha

Komentarz:

sorry guys, just saw, I did a mistake with the neckline price-target.

It is not 1.6200

it should be 1.1(!)6200

sorry.

Sascha

Komentarz:

and because of the fact that the price went down a bit deeper it is of course 1.15200 not 1.5200. Okay, now lets see how it will work.

Best whishes, Sascha

Komentarz:

perfect touched the line , no up....

Komentarz:

Hello my Friends,

all seems to run as predicted. Actually we see a breakout out of the ascending channel. I think we will see a short downward to around 1.17600. Than again upward.

Long term, as my bigger picture TA shows we might see a big drop to around 1.0600.

But this will happen not now.

Best whishes , Sascha

Komentarz:

Hello Friends, Traders and Interested,

sorry, it took quite a bit, since my last post concerning to EURUSD.

But end of last week, we saw a significant drop. As you can see in my original TA I was expecting ( waiting) for a push near to around 1.20, to complete the right shoulder of the big weekly H & S.

But, a lot of negative News, Trade war and the Turkish Lira pushed the EURUSD faster under the neckline, without forming the right shoulder similar to the left shoulder. Now I do expect a quick retrest of the neckline to around 1.148, than a drop to 1.100 - 1,060. This drop will not run down without a few breaks, but I do expect no significant upward moves on the way down.

Okay, we will see.

As always, no trading advice, just educational.

Trade all safe and trade on your own risk.

Yours, Sascha.

A Like and a Follow makes me happy.

Komentarz:

worked well until today, more down expected. A new TA will be out within the next month.

All the best to ya all outside.

Trade safe and, as always, on your own risk.

Sascha

Komentarz:

Not that bad until today, 1.5 years later I take now profit.

Not bad.

All my followers, hope you were sucessful as well.

Next TA will come soon

Bye to ya all out there

Sascha