Herakllion
Short

Weekly bearish engulfing candle

OANDA:EURUSD   Euro/U.S. Dollar
43 0 1
EURUSD             have been consolidating in a 1000 pips range since 2 years, one of it's longest consolidations in history. The breakout will definitely be aggressive. Concerning the 2 years range almost covered in 2 weeks with a strong downside momentum and the bearish engulfing candle of election week, it is highly possible that a breakdown may occur soon. I'm expecting a relatively small correction from 1.05xx zone (maybe till 1.08xx) and a breakdown from there. That zone will be a very big opportunity with a huge RR ratio. If this scenario will come true (which seems highly possible imo             ), then 0,85 is not an overblown target for 2017.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out