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Forex EUR/USD Daily Video, 08 August, 2019

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Aug 8, 2019.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,

    EUR turns to triangle consolidation, which, by our view, could be preparation to upside breakout:





    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.
     
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  2. Brett Reynolds

    Brett Reynolds Sergeant Major

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    When i saw yesterday's 'High Wave' Inside Trading Day..i placed Buy Stop order @ 1.1250. :)
    Will need to watch this one because it could easily be 'fake' breakout...so ideally to monitor this when it occurs.!?
     
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  3. minimax

    minimax 2nd Lieutenant

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    I expect triangle will fall due South... something like this
     

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    #3 minimax, Aug 8, 2019
    Last edited: Aug 8, 2019
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  4. minimax

    minimax 2nd Lieutenant

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    Going up to go down..
     

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  5. minimax

    minimax 2nd Lieutenant

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    I read this congestion as 5 waves C leg, so up first, dont expect very high anymore, and then below A, but not deep in my opinion..
     

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