10-8-14: EURUSD back near the top of its recent channel that goes back to early August. Could be a rising descending wedge that if broke would give price target around 1.28660 which is also near recent support/resistance from sept. A weak/flat US equities market today may be needed to break the current resistance. A strong equities rally and the lower support...
1.268 resistance is standing strong but I think it will be retested again. My potential entry is where hagopian line (pink) and 1.263 support line intersect (green circle). Price must get there first. RSI must be oversold with Stoch preparing to go up.
There's a multiple-bar inside bar candlestick pattern formed under the 1.2675 resistance level. Then we have a pin bar candlestick pattern that caused a false break of the inside bar pattern. This false break trapped those breakout traders and this bearish candlestick pattern could lead price lower in today's London session. Ideally we would prefer the pin bar...
The ABS purchase program will start the next days that's bad for the euro. The ECB will buy junk paper from EU members, mainly greek paper. Germany the EU-powerhouse published contracting PMI data French PMI data is bad, too. The Eurozone is heading toward to a stagnation? Only time will tell I will short eu next weeks. Good entry point is 1.255 area. sl:...
2 Green Line, if you crossed the line 1 and 2 Line I think you could be an absolute return movement will not change the trend of the movement, a movement of short duration. After this move will be formed on top of 1.24730 (YELLOW) Showing Line and Bollinger Bands are countersign this condition. Then again, I'm thinking that reached down from 1.34500...
Price can basically go into any direction now, but just in case it suddenly drops to the green circle, there is a very high chance for direct reversal there. RSI will be oversold at the major support lvl, backed by channel support. Not a bad idea to watch out for potential opportunity. In case it happens and you enter long there, follow your trade at least until...
1st channel support cracked into a secondary channel. Support line 1.28384 is also cracking and I'm looking to go short where the support-turned-resistance 1.28384 and channel resistance intersect (green circle). Price must get there first though. Wait for the RSI and slight bounce.
On the 4 hour I'm seeing a breakout Short for a longer term trade. I expect 1.2387 as the final destination as long as price doesn't reverse (close over) above the 1.3361 mark as this would invalidate the trade and stop out. As per my other IDEA's I expect consolidation and retracement within levels and I don't worry unless they approach my SL. Price could head...
There is a bullish engulfing bar candlestick pattern on EUR/USD that is pushing the price higher. The Stochastic, Commodity Channel Index (CCI) and the Relative Strength Index (RSI) are showing the price is oversold at the time the bullish engulfing bar candlestick pattern was formed. The overall long term trend is still down as the short term moving averages (10...
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Price did cross Fat Red SMA. Waiting for a retracement. Comment: Normally i trade on Metatrader 4, i am trying to convert to TradingView so Signals are only illustrative till i have convertet the templates from Metatrader to TradingView.
Bekliyorum .. Satistayim MY Link: tr.investing.com website: www.ersoytoptas.com Website : ersoytoptas.com
Beklentim Yukari Kisa / 1.3040 Gorup geri cekilecek gibi MY Link: tr.investing.com website: www.ersoytoptas.com Website : ersoytoptas.com
As a pattern trader the EURUSD has been one of my best performers over the past few weeks. After our last big drop from 3150's the market has finally shown some relief in the form of consolidation before the next big move. Fortunately, for pattern traders consolidation is great, because inside that choppy, nasty looking price action are advanced patterns, which...
Friends, In addition to this live chart, I just finished a refined analysis on $DAX here: - Cheers, David Alcindor
It's been a rough go around for pattern trades as of late (I'll talk more about that in my Weekend Review tonight www.youtube.com) But if the pattern is valid and meets you ROE's then you've got to pull the trigger. I'm still holding the 2nd half of my position on a EURUSD short from earlier in the week, but today we've got both a bullish gartley and a bearish...
EUR/USD slid after the price moved slightly higher and created a pin bar candlestick pattern near the 1.3000 resistance level. The price has fallen further since then and is currently trading around the 1.2870 support level. The long term trend is still bearish as the short term moving averages (10 and 20 period) are still below the long term moving averages...
this could be an interesting one. I won`t play on the targets I am shooting higher at a possible Gap fill from mondays gap. Of course Stops to entry as soon as 0.382 is reached. But in case somebody wants to trade the targets I ve put them in. Low risk high potential!
one could either buy the breakout/Close above the days high (1.3215) as a Stop could be placed relatively narrow or in case of another pullback, there is a nice Gartley in the 5 Minute Chart which could offer a Chance to buy before the Thing possibly takes off for a nice bounce. so 2 valid entries with a stop 10 pips below the days low and the potential of a...