EUR/USD in bearish trand

FX:EURUSD   Euro / U.S. Dollar
1325 13 23
On charts I found bearish trand
Target is 1.05
It is posible to open SHORT position on 1.12 take preoft: 1.06 stop loss 1.15

Related Ideas

As we can see EUR in bearish trand. Kepp position to 1.06
Euro USD is expected to go much higher trend its not breaking the point yet all indicators showing buy trend
While I can't see breaking resistance line
But if you sure that it will hapend it could be good posibility to plase order in long!

IL87 IL87
sory, that is right chart:
+1 Reply
Good Trand and good preoft! Another grat call Walker England!
IL87 RamaDeda
Thank you for comment!
Thx for your opinion....i had the same view many days ago, but the pattern is still valid as long the Pair is trading below 1,15.

The Pair is trading in a big trading box since the beginning of 2015. The box is reaching from 1.05-1.1475.
The rapprochemenrt to the box`s upper edge increases the risk of falling Prices. Perhaps this Level could be a good Chance for Shorts. The Chance/Risk-Ratio is very nice at that Level (have a look at the short Position in the Chart).
The pure trend theory makes a new maximal shortterm High at 1.1615 possible. Should this Level, respective 1.1475 not be defeated, a new downwave to 1.11/1.07/1.05 can be exspected. Below the box`s bottom edge a fast selloff can be exspected.
In the longterm view, i see a clear bearish pattern - a bearish flag with worst case TP @ 0.8

this Szenario will only be activ with Prices below 1.05.

For Longs, i also see an anticyclical Long-Chance. For further informations have a look at the following chart

Good Luck
+1 Reply
IL87 marihuana-aktien
My opinion that is bottom of trand. To end of 2016 EUR go up
Hey IL87 - that really makes sence with a longterm view.....but if we have a closer look at the shortterm trend, we see an upswing wave which is still valid at the act on the shortside is a good idea because of the nice Chance-risk-Ratio with a stopp above the box`s upper edge. my main pattern is the 1-2-3 trading, lets see :-)
If u are interested in further Information about the 1-2-3 , please have a look at
AGREE...also saw the channel but there is harmonic patter within it too...
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