BostonJoe

BostonJoe

My break down for the short OANDA:EURUSD Disclaimer The material and information contained in this analysis is for general information and educational purposes only. You should not rely upon the material or information on any of my analysis as a basis for making any business, legal, or any other decisions.

04:46

BostonJoe

We have good potential here. Lets keep our fingers crossed on this everlasting pending breakout. I also left a link from my last prediction. Feel free to check it out and refresh the bars, leave a like, comment your ideas, and fallow for weekly or daily updates! Happy trading and good luck all OANDA:EURUSD Disclaimer The material and information contained...

BostonJoe

Still no clear break out and stuck inside our 2 month trading range. Rising wedge pattern give a bearish outlook. Ill be looking for a break down outside of the rising wedge. White bars are my prediction. Should take about 5 days. FX_IDC:EURUSD

BostonJoe

We are still inside our two month trading range. What a jump up we had tho. I suspect that falling wedge will give us a really small jump up but doubtful it will be a break out of the trading range. Such a large jump may need correction first. FX_IDC:EURUSD

BostonJoe

I see this break out as driven mostly from covid-19 vaccine news. It has set another rising wedge pattern and I suspect a retracement, I missed the break out myself as I was worried it was creating a double top again. Nevertheless, I foresee a retracment down to 1.08917 (support) area. That is were I will make my decision for buy or sell. OANDA:EURUSD

BostonJoe

Rising wedge at the end of another symmetrical triangle, head and shoulders trend failed so the jump bearish should be small. OANDA:EURUSD

05:24

BostonJoe

This is an interesting theory I just came up with. Please comment, like and fallow. I'm so interested in everyone's opinion on this OANDA:EURUSD

05:22

BostonJoe

Thanks for watching ladies and gents! Wish i had a better picture to paint for everyone today. So far I have been very accurate, but I do not see this as a good spot to jump in on this trend. Our scope is too narrow. Scalpers will still look for reversals. Break out coming soon! Be careful making trades before close on Friday! NO CLEAR TREND YET! FX_IDC:EURUSD

BostonJoe

Breaking out of a falling wedge on a bull trend. The white dash line has been my projection and leading fairly well inside this 1hr triangle trend we have been in. I suspect the euro will climb to at least 1.08873. That is a great spot to take short profits and not be greedy. I believe it to be the next resistance line. A brake out above that should send us up to...

BostonJoe

Took a small loss on that short last nights but quickly jumped on the bulls and sitting on profit. We broke out past my purple line and I suspect it to continue to my blue trend line. But an early reversal would only make me adjust my purple trend line and re evaluate. FX_IDC:EURUSD

BostonJoe

Another Bearish short to test my 1h triangle. Still hoping for bulls as a breakout in bulls would climb higher definitively. This short should turn on my bottom blue trend line.

BostonJoe

Pay attention to the purple line. Its shows an inner (almost) "pennant" or closer to "descending" triangle. Either way this is still a trading and/or scalping range. Keep in mind that the EUR has been in a bearish trend for 2 years. We really need to wait for a big break out. Although, I have charted some easy spots to look for reversals, ill be taking shorts...

BostonJoe

So as I feared last night night the head and shoulder trend tested and bulls and went full sell. But we are now in a falling wedge that might be a good signal for another reversal. I'll be posting a broader trend here in a few. I believe we are still in a trading zone and a true break out wont happen for another week or so. Still a scalpers market. Watch for the...

BostonJoe

Will the head and shoulder come to fruition? or will it breakout to test the double top? either way should move very far. wait for the breakout! Just so were clear I still feel we will break out bullish, but i do not want to ignore the obvious head and shoulders trend here.

BostonJoe

This is testing my last analysis. either way we still sit at 50/50 up or down. Waiting for the breakout. which is getting tighter and tighter. Should know in the next couple hours

BostonJoe

The EUR/USD is my favorite when it comes to trading. Low spread and high volatility. Drop a like and a follow. Ill be publishing every weekend for the fallowing weeks trade ideas. Just started publishing, I have been trading for a few years. Lets see how accurate I can be. charts will always be detailed.

BostonJoe

I see the reversal trend as braking out and Monday should be a large climb leading into a week of bulls to the 0.618 fib. The resistance line to break was set back on April 07. Breaking it today (May 8th) sets for a failure to double top. I believe the US played a big role in this current reversal, but the pattern, fib, and resistance lines still hold. I'm in for...