EUR/USD Daily Video, June 01, 2018

[Sive Morten]

Good morning,

EUR is still coiling around 1.17 major resistance area, and now we're mostly interested in how B&B "Sell" trade could start:



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 ,
Thanks for your daily updates , it´s very nice to hear from you before starting my daily trading plan .
How about the RRT that has been formed on daily chart , I think it will wash and rinse hardly today if the data are positive to USD ., market cleans up all the sell stops before going down , you know people see the news and take the trade.
Regards
Fábio Incontri

 

[Sive Morten]

Hi Seven ,
Thanks for your daily updates , it´s very nice to hear from you before starting my daily trading plan .
How about the RRT that has been formed on daily chart , I think it will wash and rinse hardly today if the data are positive to USD ., market cleans up all the sell stops before going down , you know people see the news and take the trade.
Regards
Fábio Incontri

Hi Fabio, I would treat it more as bullish engulfing. IMO this is mostly reaction on support and weekly/daily OS rather than rejection of 1.15 level. Anyway, this is bullish pattern and now we focus on our weekly plan which suggests H&S and right arm around 1.20-1.21...

 

[fabioincontri]

Hi Fabio, I would treat it more as bullish engulfing. IMO this is mostly reaction on support and weekly/daily OS rather than rejection of 1.15 level. Anyway, this is bullish pattern and now we focus on our weekly plan which suggests H&S and right arm around 1.20-1.21...

Thanks for your advice , whether i have seen the wrong pattern it´s bullish , great , so this is what i was expecting , i am not genius away from that , but di napoli number gave me this trade down and then up .