Forex EUR/USD Daily Video, March 14, 2019

[Sive Morten]

Good morning,

EUR shows strength and we do not have reasons yet for short position taking. At the same time, price is coming to solid resistance cluster, where pullback has good odds to happen:




The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[fabioincontri]

Hi Seven !! Always looking your daily reports . I don't know whether i am right or wrong , anyway i draw different controlling ABC , 4 hrs XOP has been hit . Took short position right off from 5 mi n chart xop short has been hit . Good risk reward 4:1 . Cheers , Keep it up !!!

 

[Sive Morten]

Hi Seven !! Always looking your daily reports . I don't know whether i am right or wrong , anyway i draw different controlling ABC , 4 hrs XOP has been hit . Took short position right off from 5 mi n chart xop short has been hit . Good risk reward 4:1 . Cheers , Keep it up

Hi, ABC is not valid as "C" point was taken out by new low few bars to the right.
Reversal starts not because of XOP that you've mentioned but because of strong resistance, that we've discussed.
But all is well that ends well.