chartwatchers
Long

EurUsd - False breakout from the wedge but still long

FX_IDC:EURUSD   EURO / US DOLLAR
1135 12 30
6 months ago
I'm still waiting for Eurusd-0.74% to print a DCL and a 4-5 days bounce in the following days.
The purple trendline should hold as we are late in this daily cycle. So one more tag of the lower trendline of the wedge (and the purple trendline) and breakout should come with a 4-5 days bounce.
Notice the divergencies...
6 months ago
Comment: Breaking the trendline again.
Hopefully we don't get one more false breakout again....
snapshot
andrej123456
6 months ago
great chart... Similar opinion... What do you think can be Tuesday´s PCE Deflator good enough to hike rate in June ?
Reply
chartwatchers PRO andrej123456
6 months ago
I think they will do the rate hike.
+1 Reply
chartwatchers PRO chartwatchers
6 months ago
In June
+2 Reply
AL_G chartwatchers
6 months ago
i think so, the market is ready, were at close to all time highs
Reply
mabaert PRO
6 months ago
Question: I see this breakout on the 240 chart, but when you look at the daily chart it turns up as a breakout from that long trend line. Considering the correlation with gold, I would prefer to take on the 240 chart, since it would mean gold is bouncing up too. But how to look at that daily breakout to the lows?
Reply
chartwatchers PRO mabaert
6 months ago
The question is not clear for me. Could you post a chart?
Reply
mabaert PRO chartwatchers
6 months ago
snapshot
Reply
mabaert PRO mabaert
6 months ago
With yellow line as daily trend line.
Reply
mabaert PRO mabaert
6 months ago
snapshot


I adjusted the daily trend line somewhat. Now it looks confirming of your theory. Daily on in upwards channel, now on the bottom of it. Please feel free to comment on any misinterpretation
+1 Reply
MiDiGre PRO
6 months ago
Chart sorry but maybe I missed some posts of yours! Are you long on eur/usd with target of 1.15? On gold too with target of 1240/1250? Thanks in advance...
Reply
MiDiGre PRO MiDiGre
6 months ago
Ok ok found it! Now it's clear :-)
Reply
andrej123456
5 months ago
Hi. How did you know that there would be bounce up to 1,42 level ??? It seems to me that the market wasnt counting with it. Because we got the second breakout from the wedge on 2016-05-30 at 1,11178 ? ? Thanks Hmm I would download all your charts and study them, you are really pro.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out