Hello Traders, Looking at the EURUSD pair we have a Wolfe Wave that just completed at point 4. Looking at the 1-4 line trajectory we can see that it has acted as an anchor throuhgout the formation of this Wolfe Wave. I'm looking at 5 and potentially 5' to complete. If we see completion at point 5 look for the 1-4 line as your exit target. If we make a lower AND...
EURUSD bullish divergence on 30min chart LONG break of downtrend line at around 1.12 will open further upside momentum, could target 1.1320 highs
EURUSD Brussels Attack Caution Just a short technical assessment: I see maximum downside risk for the EURUSD-0.31% at around 1.1150, which is 0.38 fib support, upper ichimoku cloud and bottom of march uptrend channel despite a strong H4 bullish divergence in the RSI On the upper end we could see a move to go through 1.13 levels and finally knock out 1.14. Be...
Looking for this patter to play out. NO TRIGGER, NO TRADE
That was quick. the EURO just blew through our trigger without stopping. The swings are crazy. We are nixing our trigger trigger zone and will wait until close of today to determine next opportunity.
We didn't get the pullback within our time frame so we passed on the trade. Yes, it would have worked out but the closer we get to a RED news event the more you are gambling. We prefer the higher probability trades. We think the EURO needs a rest down here before making her next move. We will wait till for a better setup.
The EURO has entered back into the breakout range. This is not good news for the EURO bulls. We are seeking short triggers on any bounces back into the old break area. NO TRIGGER, NO TRADE!
The more the EURO hangs around our trigger zone without a trigger firing we become skeptical about the trade. For now we will ignore the old trigger zone and wait for price to develop a better trade. PATIENCE IS KEY!
still waiting for a pullback trigger to get long the Euro. We are expecting the Euro to pullback into the FOMC announcement this week. If we don't get the trigger by Tuesday then we will wait until AFTER the FOMC announcement.
After covering our position last week we are looking to get long on pullbacks. If price doesn't pullback to our zone we will look for a consolidation pattern. We will be using smaller position size on this next leg...we could be getting long in the tooth up here. Wait for your trigger
If this pair can beat the level of a relatively strong support then I am expecting it to rise further towards the Summer highs. Especially after the recent news events that been driving the currency for the last week. Entry : 1.56460 (Breakout) Target: 1.60500 (Sort Term Support) Stop: 1.55450 (Summer Highs)
THIS IS A CLEAR BREAK! We started this trade with our smallest size and have taken some off around the 200Day MA. We are looking to add another position on a pull back with a trigger.
The EURO flirted with our break area and retreated to the mean Monday. Now all eyes are on FOMC. We will AVOID the EURO until after the meeting and announcement Wed (in the USA). It's not worth the coin flip in this area. There will be better set-ups afterwards. STAY PATIENT!
Mario has spoken and the craziness ensued. We closed Friday's session on our break area and flirting with another break. We will be getting short if we get a trigger after the break. Remember...No Trigger, No Trade!