That is very possible because we cant forget that the 1.4000 zone will be a strong resistance and the second shoulder could come up... Lets wait to see it.
EURUSD Long positions above 1.3935 with targets @ 1.407 & 1.4125 in extension. Alternative: Below 1.3935 look for further downside with 1.389 & 1.3855 as targets. Comments: the pair has broken above its bullish channel upper boundary and should post a further up move towards its next resistance. GBPUSD Long positions above 1.6175 with targets @ 1.635 & 1.643 in extension. Alternative scenario: Below 1.6175 look for further downside with 1.6075 & 1.599 as targets. Comment: the pair remains on the upside and is challenging its MT bullish channel upper boundary, the RSI is well directed.
EURUSD Long positions above 1.4 with targets @ 1.4135 & 1.4175 in extension. Alternative: Below 1.4 look for further downside with 1.3935 & 1.389 as targets. Comment: the RSI advocates for further advance. GBPUSD ong positions above 1.625 with targets @ 1.643 & 1.646 in extension. Alternative: Below 1.625 look for further downside with 1.6175 & 1.6075 as targets. Comment: the RSI is bullish and calls for further upside.
I finish my first year of actual trading in July - very tough, but still fun. Just based on your charts, you seem to be swinging the 15 min on maybe two pairs at a time. Is that right? The 1.41950 was the orange line you had on the first two charts you posted. Btw, that intraday EUR/USD trade (hammer, tl, little oversold - lol) was a great catch! If only I didn't get stuck trading asian session today.
EURUSD LONG positions above 1.401 with 1.4135 & 1.4175 in sight. Alternative: The downside penetration of 1.4 will call for a slide towards 1.3935 & 1.389. Comment: the RSI remains well directed, the pair is on the upside and is approaching its next resistance, a pull back should not be ruled out before a further up move. GBPUSD LONG positions above 1.626 with 1.6375 & 1.643 as next targets. Alternative: The downside breakout of 1.625 will open the way to 1.6175 & 1.6075. Comment: the pair remains within a MT bullish channel and is challenging its resistance, the RSI is well directed.
EURUSD Long positions above 1.405 with targets @ 1.4175 & 1.4245 in extension. Alternative: Below 1.405 look for further downside with 1.4 & 1.3935 as targets. Comment: the RSI is turning up, the pair has rebounded on its support and remains well directed. GBPUSD Long positions above 1.631 with targets @ 1.643 & 1.6525 in extension. Alternative: Below 1.631 look for further downside with 1.625 & 1.6175 as targets. Comment: the pair has rebounded on its MT bullish channel lower boundary and should post a further up move.
I use normally the 15 min charts to find the intraday trades, like small reversal positions on S&R that we will have some volatility. The 1.41950 that you are talking about was a resistance at that moment, and the shooting star came up on that level, you gave me a nice confirmation for a shot poisition... Yes, that was a very nice trade (hammer, TL and oscillator) but the later that I also post here in the forum was good was well for take 30/40 pips... We just need to know what we should expect when we are trading! Today for example I had a few nice intraday calls, using the same technique... I did attach the 15min EURUSD to show that... Have a look on the resistence level and oscilators... for the first trade.... In the second short, we have the same again but plus the "double top"...# In the last, the long, we got the trendline, a very bullish candle and one more time the oscilator... You are a smart guy and you will understand my view!!
EURUSD LONG positions above 1.396 with targets @ 1.4075 & 1.4125. Alternative: The downside penetration of 1.395 will call for 1.3915 & 1.3855. Comment: the pair is on the upside and is approaching its new resistance (former support), a pull back should not be ruled out before a further up move. GBPUSD LONG positions above 1.631 with 1.645 & 1.6525 as next targets. Alternative: The downside penetration of 1.63 will call for 1.624 & 1.6175. Comment: the pair is on the upside and is challenging its resistance but the RSI lacks upward momentum.
EURUSD Long positions above 1.395 with targets @ 1.4025 & 1.4075 in extension. Alternative: Below 1.395 look for further downside with 1.3915 & 1.3855 as targets. Comments: the pair is pulling back on its rising trend line ahead of a rebound. GBPUSD Long positions above 1.63 with targets @ 1.645 & 1.6525 in extension. Alternative: Below 1.63 look for further downside with 1.624 & 1.6175 as targets. Comment: the pair has struck against its resistance and is facing a pull back ahead of a new up move.