--UPDATE-- Yesterday's session has given us another opportunity to go long with the Euro-Dollar pair. With the upcoming Euro economic event(s), this signal may partake with the saying "buy the fact, sell the rumor." The pair also made a lovely double bottom suggesting another push higher. -------------- From the recent upward push with the trading signal of the...
Sell below 1.1264. Stop loss at 1.1301. Take profit at 1.1159. Reason for the trading strategy (technically): Price continues to test our resistance as it shapes up nicely for a drop. We remain bearish below major resistance at 1.1264 (Fibonacci extension, horizontal swing high resistance) for a further drop towards 1.1159 support (Fibonacci retracement,...
From the recent upward push with the trading signal of the fakey price action bar wherein I called for a long set-up, the EURUSD pair have yet again consolidated just few pips below the strong resistance ahead. With upcoming EUR economic data ahead, these are the several pathways this forex pair may go through.
Days ago, I called a long set-up for this EURUSD pair for the formation of a bullish fakey pin bar along with trend which suggested a push higher on prices. Now, with this signal, I normally put in a huge lot for this is a strong signal. Today, I have placed my TP at 261.8% of the pin bar since the EURUSD will have a difficult days ahead. The black horizontal...
Sell below 1.1264. Stop loss at 1.1301. Take profit at 1.1159. Reason for the trading strategy (technically): Price has reached our selling area and reversed perfectly as expected. We remain bearish below major resistance at 1.1264 (Fibonacci extension, horizontal swing high resistance) for a further drop towards 1.1159 support (Fibonacci retracement, horizontal...
Sell below 1.1264. Stop loss at 1.1301. Take profit at 1.1159. Reason for the trading strategy (technically): Price is approaching major resistance at 1.1264 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction off this level for a drop to 1.1159 support (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3)...
Yesterday at my "Euro's comeback" analysis, I've suggested a pretty cut long opportunity for some chosen Euro pairs: EURUSD, EURAUD, and EURJPY. The rationale for this "pretty cut long opportunity" is the strong buy signal -- a bullish fakey pin bar. I also suggested to you to read Nial Fuller's educational writing regarding the said Price Action Bar. If you did,...
The market is very heavily overbought, I believe that it's time to drop all buyers. Those who trade through technical analysis will only see a trend upward!
After EURUSD reached the monthly 'strong' resistance, it made a modest decline due to Dollar sell-off and Euro relief rallies that are currently ongoing. That being said, I highly warn you to STAY AT THE SIDELINES FOR THE MOMENT when trading this pair as there is a high risk due to the current phase of the weak dollar-weak euro. As graphed below, these are the...
Hello all, EURUSD might be due to a retracement after all that hard labour it went through. Should price head lower we will get a new pivot to draw a new pitchfork from. Cheers !
My other view EUR/USD after breakout in time frame D1. Thanks
Sell below 1.0948. Stop loss at 1.1002. Take profit at 1.0853. Reason for the trading strategy (technically): Price has bounced off our buying area perfectly and reached our profit target as expected. We prepare to sell below 1.0948 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down towards 1.0853 support (Fibonacci retracement,...
H&S pattern still in play as the break below the neckline failed. EUR bulls could push to a pattern completion middle term.
Hi all, Nice short opportunity for some pips on the hourly, the reason why I put a conservative target is because I am expecting some solid support, the risk reward here is still very nice ! Theres also a crab pattern on the chart, as I did not spot it myself here is a link to the guy that did: Goodluck trading :)
Buy above 1.0853. Stop loss at 1.0787. Take profit at 1.0948. Reason for the trading strategy (technically): Price has started to bounce off our buying area perfectly. The plan today is to remain bullish above 1.0853 support (Fibonacci retracement, horizontal support) for a push up to 1.0948 resistance (Fibonacci retracement, horizontal pullback...
EURUSD, If suport breaks, next target till previous S/R. Target also respects 50% Fibb/retracement and also respects the trendline. Target is supposed to create a new H.L. We also have Gap to bo filled.. so for this pair we have many confirmations, lets just see how the market reacts!