Kumo breakout has occurred on the EURJPY. TK cross happened much before. Since the outlook for EUR is still bullish it might chop along for sometime before it heads down. I have taken an early aggressive sell on this pair already.
Hello Traders, TG 1= 91% probability TG 2 = 86% probability TG 3 = 70% probability Best, Sirak
A breakdown of consolidation up may give an opportunity to take a long-term short position. Break down is also a good opportunity to take a long-term short position.
EURUSD - Short with target 1.1330 followed by 1.1290. Stop loss above 1.14 Momentum has turned bearish with several clues: RSI lower lows candle bars lower closes shooting star candlestick on the last hourly. Simple, will it hold?
Over the past three weeks, the upward trend has slowed down. Possible roll back down or reversal of a trend.
Is this a medium term top for EURUSD? Technicals Bearish divergence seen on daily chart. Upside momentum is slowing. DXY showing same, if not stronger divergence. Sentiment Consensus has become EUR positive - in fact, extremely EUR positive. Fundamentals All banks raising long term forecasts for EUR. Even though last month's inflation reading...
The Euro is more than 5 days in a small range. It is possible to move downward according to model 3w.
1.12000 is a strong resistance zone. -Crab Pattern complete -Cypher Pattern Formation Targets: Read the graphic Enjoy...
~Corrections tend to be contained by parallel lines~
A descending "Head and shoulders" model may be formed.
Thin seams to be diagonal support breakthrough. Drawing a flag. be prepared to 0.84
Double top followed by 0.618 retracement after the break of the "v" point of the tops. This also coincide with the highest high (opening) of candle seen 2017-04-23 Makes nice structure, the V point together with the opening high, and the 0.618 fibonacci. Lets see where this bus takes us. Two targets set up.
FIRST TARGET =1.065 previous structure, resistance level, top of the channel RSI - overbought as for fundamentals/news noise: ISIS/russia will still push for Marine Le Pen = more terror acts are expected Marine Le Pen might win = big push down for EUR (0.85-0.9)
As in chart. Bearish divergence shows exhaustion of bulls and high probability of gap close. Supported by fundamentals: monetary policy divergence remains after today's ECB meeting.
Inverted head and shoulders may form. Medium to long term, USD is fundamentally bullish based on monetary policy divergence, USD shortage, increasing term premia on US 10Y Treasuries.
If presidential elections in France are won by supporters of Frexit, euro can open with a gap down, with further movement down to support level.
As posted earlier today on my telegram (t.me) I'm currently short from just above 116 with targets at 115.500 followed by 115. We see a bearish divergence together with structure and trend line coinciding. We do have a fibonacci 0.382 at 116 level aswell. While posting this I see we're breaking the "V" low of the double top which gives us yet another signal.