EverythingForex

6TH - 10TH JUNE WEEKLY WRAPUP & UPDATES (PART II)

FX:EURUSD   Euro Fx/U.S. Dollar
5 months ago
I release a Weekly Wrapup & Update every week to all my subscribers on my website. I am re-posting it here but in a limited form due to posting restrictions. If you want to see the COMPLETE post, you are welcome to get it from my website. I am also splitting this post in parts as it is too long to post in one post. So this is Part II of this post. Look for Part 3 if you have interest in seeing the rest of it. If you want the complete post including more detailed 4HR charts, please go to my website to get it. Weekly Updates are free. Keep in mind that these updates ARE NOT my full analysis and are just my opinion as to the short term direction of prices.

EURUSD
After a sustained drop in a wave (X) and ending with an EED             , prices are now reversing and heading higher. This could be the start of a MUCH, MUCH higher movement!
DAILY CHART
snapshot

USDCHF
Dropped out of a EED             following the NFP release last week. This most likely signals the beginning of a larger move down. But caution is needed as there should still be another move up before it drops.

See my FULL MONTHLY Analysis on USDCHF             for details: (F) USDCHF             FULL Monthly Update: Still Forming The Bearish Pennant (Free post. No Subscription required)

DAILY CHART
snapshot

NZDUSD
This pair EXPLODED upwards as predicted! However, unfortunately we had closed our positions last week on NZDUSD before this recent leg up. But this move up should be coming to an end soon and when it does, there will be another good opportunity to make more pips!
DAILY CHART
snapshot

GBPJPY is most likely headed lower to complete a major wave down. What apparently happened was that there was a completed wave (4) triangle and then prices fell from there in what is now the wave (5). We should see another push down to complete this wave (5) and also the larger wave A before we see a MAJOR reversal occur.

See my recent FULL MONTHLY Analysis: (P) GBPJPY: Finishing The Wave A. Getting Set For A Reversal Wave B. (Premium Subscription required)
DAILY CHART
snapshot
5 months ago
Comment: *DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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Boumrah
5 months ago
look at this breakoutwith the bullish divergence,it's time to long the EUR
Long EUR
Reply
EverythingForex PRO Boumrah
5 months ago
disagree. another leg down before up. good luck to you.
Reply
EverythingForex PRO Boumrah
5 months ago
Well, hope you did not go long, friend! This is a good example of why trading on breakouts is dangerous!
Reply
Boumrah EverythingForex
5 months ago
hit my stop lose
Reply
EverythingForex PRO Boumrah
5 months ago
yeah, sorry to hear that, bro. I don't wish anyone to lose but as you can see, there was good reason to not go long yet as my analysis predicted more downside to go. I am looking to go LONG as well but wasn't at that point. Still waiting.....
Reply
Boumrah EverythingForex
5 months ago
i re-enterred long,llok at this trendline;is still supported
Long
Reply
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