youngtiller

youngtiller May 13, 2020

Looks like to me the market is making a triangle pattern from the higher timeframe perspective. Now the triangle is my second prediction of what will happen because support and resistance have been driving this market. Buyers keep getting more eager towards the lows and vice versa for the sellers. I would play the triangle range given a reversal pattern the other...

youngtiller May 11, 2020

Now that the market has already taken everyone short money its time for what could be the real deal. Double top on the 4hr. Looking for the neckline of the M to be broken (my favorite patterns). For those more risk advantageous traders you can refer to option 1, and 1.5. For those looking for a lot more of confirmation you can refer to option 2, and 2.5. A lower...

youngtiller Apr 30, 2020

The bulls have been failing to cross the 1.09 level leading me to think this is going to roll over. Pending euro news I'm on risk on until the morning before NY session. If you're feeling good you can fade the move pending us news. 1:5 RR... This is where you cash out. Im going to give my move a little room to hyper extend. Trail your stop

youngtiller Apr 28, 2020

For this analysis I have 2 different scenarios that will play out. Buy is highlighted in green, and sell is highlighted in red. On the long side of things we see a little bit of a sloppy h&s pattern. For me to personally buy eu I would like to see a strong break of the 1.089 neckline and getting above 1.09. I'm still in favor of the short side of things due to the...

youngtiller Apr 21, 2020

If you are looking for a swing trade on eu I would wait until we get out of this range. It doesnt look like eu will be making any drastic movements. If it goes long I would assume that it wouldnt last too long. I am biased on the short side still. It is just a waiting game for me

youngtiller Updated  Apr 18, 2020

Do your own fundamental research. This move will chance how world economies work. The volatility is very high and this can happen very quickly. We are about 100 or so pips away from a parity phase concurring. 1.03 is a strong support. You can look at my last post. I go into some fundamentals there but I'd be writing a book about this. Analyst are picking up on...

youngtiller Updated  Apr 16, 2020

Looking like we will hit the reset button on the euro. Any uptrend bias will look to have been broken today. We still will get impulses up but they will be short lived. The global market is looking to the dollar as a safe haven right now. Fundamentally this checks out. The poorer countries in Europe need a weaker euro. DXY will look to push to the 105 area. With 3...

youngtiller Updated  Apr 14, 2020

EU has broken out of a trendline. Not a very strong break but still a break. It has been holding the characteristics of an uptrend for a good portion of last week. High impact fundamental news is coming out for the dollar this week. To go out on a limb I do not think it will be good news for the strength of the dollar. I'm targeting about 150 pips to the upside....

youngtiller Apr 8, 2020

EU just broke the upward trendline. The 20 SMA is now serving as resistance. Might be a little hassle but I think we should see a move down to 1.0825 at least. Could get another test of the low at 1.0775, or even lower. FYI: It hasnt been good for EU when price goes below the 20 sma on larger timeframes. (I use the 1hr) I like seeing comments of any feedback!

youngtiller Updated  Apr 3, 2020

Im observing a head and shoulders pattern that should give a nice fall of 200 pips. Once price goes below 1.0990 I will be shorting this. Now I think this is a retracement for another move to the upside. I will be watching this closely. Comment with any ideas, or opinions. Hope this trade plays out!

youngtiller Apr 3, 2020

There are a lot of people buying right now because of the 618 retracement from the move up that occurred March 20th to 30th. What we need to remember is that we are still in a downtrend. Now that move from the 20th to 30th was actually a retracement from the the false break. So I will be looking at a 1.27 extension from that. Just so happens that the trendline...

youngtiller Mar 29, 2020

I'm looking for a break of this zone to the downside. Could drop even lower bearing US Manufacturing PMI, and Employment Change. If there is a break to the downside early in the week I will short and hold a trailing stop loss for news releases. If the zone is broken I'll be looking for a 200 pip move to the downside. That looks like the first stop. Feel free to...

youngtiller Updated  Mar 25, 2020

Unsure as to where price will go. Looking for a breakout of the trend lines to confirm a buy or sell. Doesn't look like there would be much room to the upside, but who knows in these markets. A breakout to the downside should been a smooth ride until the 108 level where there is some support. Wait for confirmation. I'm expecting a breakout during the London...

youngtiller Updated  Mar 25, 2020

Looking like UJ has broken the trend and is heading to the downside. Might not make it all the way back down to 108.26. Watch for a reversal back up when it gets around that level. I will be taking profit at 108.8. I feel like the banks will see a lot of take profits at the 108.26 area and just barely miss them. Already a great risk to reward so no need to be too greedy

youngtiller Mar 25, 2020

Idea for EU to the downside. Trend is still down. Awaiting right shoulder to be complete. London open should make show which way the market will move. Trade will be voided if if there is a new high above right shoulder.

youngtiller Mar 24, 2020

Price has rejected the 111.6 level 4 times. Looking for a quick profit to the downside. Trend line might act as resistance