BoccaLupo
Long

EURUSD Playing the swings

FX_IDC:EURUSD   Euro / U.S. Dollar
Double bottom was formed at 17240 and 17290 with a target of 19860 if 200% cycle is completed. Plus firming up that the 16624 and 16695 double bottom may play out.

Buying the swing highs on the 240 with stops moving up under swing lows.

Considerable strength should be behind this move as when confirmation was signaled by crossing the swing high the market reacted to the 50% point and accumulation started and was not completed for 12 hours.
Comment: First sign was when it crossed 17635 swing high on the 240
First contract at 1783
Pyramid 1813, expect a pullback soon which I will use as an opportunity to buy more
Comment: First contract is at 17806 not 1783
Comment: Danger signal triggered on the 2 day swing chart when it failed at the 50% point at 18303, EU only reached 18369. Confirmation came in when the 240 3 day high/low average was crossed. Sold out longs and went short at 18095 and now sign to reverse position now that we reached 164 well below 166 double bottoms. Made a small loss on the 1813 and made a nice profit on the 17806 and the short at 18095 made up for the losses

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