Ellison EUR/USD Morning analysis 26/06
This week I have travelled to the west coast of France, with just my laptop and a rucksack. I'll be working here like usual, I love the freedom this job offers me.
This week I am looking to continue the current medium-term bullish trend on EUR/USD, with buys from a pullback to 1.087 or a continuation above 1.093.
I aim to ride continued buys after our very short and quick bearish correction towards the end of last week.
We have some noticeable news this week:
The ECB Banking forum spread over the week.
Tuesday - US consumer confidence.
Thursday - US jobless claims and US Quarterly GDP.
Friday - Lots of European and US data.
At first glance, I'm not too fond of the week ahead. Because of the news I highlighted above and this week being the last week of the second quarter of the year.
This week I am looking to continue the current medium-term bullish trend on EUR/USD, with buys from a pullback to 1.087 or a continuation above 1.093.
I aim to ride continued buys after our very short and quick bearish correction towards the end of last week.
We have some noticeable news this week:
The ECB Banking forum spread over the week.
Tuesday - US consumer confidence.
Thursday - US jobless claims and US Quarterly GDP.
Friday - Lots of European and US data.
At first glance, I'm not too fond of the week ahead. Because of the news I highlighted above and this week being the last week of the second quarter of the year.
Comment:
I'm sitting here on the beach looking at others' Ideas for the week and I can't fathom how they come up with these ideas.
How is it sane to predict doomsday level drops in your analysis, or drastic 2000 pip price moves?
I create an informed decision on the direction of the Pair based on price structure and I use Economic policy and data releases to create a wider view profile on how the pair may act for the next 24 hours. And then I do it all over again tomorrow.
How is it sane to predict doomsday level drops in your analysis, or drastic 2000 pip price moves?
I create an informed decision on the direction of the Pair based on price structure and I use Economic policy and data releases to create a wider view profile on how the pair may act for the next 24 hours. And then I do it all over again tomorrow.
Comment:
Im entering a small half-risk position here.
I like the double bottom and the bullish close to continue higher.
I like the double bottom and the bullish close to continue higher.
Comment:
stopped me, back to the original ideas
Comment:
Have been away from the charts, but it looks like I was a little early in my entry.
There has been a new HH created and if we are looking for continued buys it may look something like this.
There has been a new HH created and if we are looking for continued buys it may look something like this.
Comment:
I actually really like this set up.
We have previously had a strong bullish 4hr candle, and now we are potentially on the lower wick creation of the next 4hr candle.
If I see a bullish change of structure and not a break fo the lows at 1.08877 then I'll add to my buy positions.
We have previously had a strong bullish 4hr candle, and now we are potentially on the lower wick creation of the next 4hr candle.
If I see a bullish change of structure and not a break fo the lows at 1.08877 then I'll add to my buy positions.
Comment:
Comment:
It really isn't that hard to trade when you realise strategies like SMC and Indicators are overcomplicating things.
However, it is a Monday and I'd like Price to shake off its cobwebs first after the weekend and show us its preferred direction. So be careful taking trades here.