Learning to read Price Action with P&F Charting

eur just got very bearish today
eurusd.4 hour data.36 pips by 3 reversal.hilo plot
downward column with target at 1.300 ish now active
strong dollar ..not good for commods or stocks
uneless support comes in..down we go

 

6EM1 0.001x3 on a 1min chart

On a short term we are still in a short since the conformation of the triple bottom short on 1.479

In the upcomming days we will see if we will make a short term bottom around the 1.44 but it has all the potential on the short term to go lower.

For the long term, the chart I posted last week is still intact. I don't see the EUR going straight to 1.30 I think we will go up in the upcoming days, the long term chart has to make upside boxes, you rarely (almost never) see a chart structure where it looks like this and then only downside boxes straight to 1.30
After the column of upside boxes we will probably be able to say more about the direction of the EUR/USD on the long term...

 

agree with all that.thanks for the chart.

 

Some people asked what is the market going to do...



NQ 5x3 waiting for a triple bottom sell @2370

 

well..according to daily fx/john kicklighter..the index has stood up well since the run on the euro.risk is still on,unelss 1330 breaks on the S 500
enclosed chart..4 hour data 5 points by 3 reversal.from this chart 1320 area looks to be the area.seems to be a pretty good judgement of the ongoing risk scenario..imho

 

Any thoughts? Too late to short? Targets?
Thanks in advance.

 

I've been reading this thread for the last 3 days and have become quite interested.

I'm having trouble importing the data I export from freestockcharts.com into bulls-eye. Can you show me the format settings in bulls-eye you use to import the freestockcharts.com data?

Also, there is no way for bulls-eye to read intraday data from freestockcharts.com (delayed obviously).

Thanks

 

bullseye can read all data from freestocks.if you send me a pm with an email.i can send you the scrreenshots of the file format setup

 

Thanks very much. Sent!

 

I don't find this the place to take any longterm positions.

You always should look for a pattern that brings you success and trade from that pattern, and at this point you don't see a pattern that is starting to break out. So you need to wait for a new pattern that you see and trade it, not just take a trade because something is in the news and popular at the moment or has moved a lot! It should fit within your trading plan!