MaryJane
Short

EURUSD reached Action point on the downside

FX:EURUSD   Euro Fx/U.S. Dollar
430 4 29
Brexit broke the since december 2015 during uptrend. The deep dip was bought and catapulted the pair directly to ist 0,5 fibo - here the sellers waited again.
EURUSD             left the mentioned "neutral Zone" again - the downside is triggered. As Long as eurusd             is trading below 1.117, the Sentiment is still bearish .

Former Analysis:
2 clear Action Points
EURUSD             still is caught in the neutral Zone. Let`s wait till onbe side is triggered. The edges of the box are Action points
 2 clear Action Points


Several Resistance Zones ahead!
Several Resistance Zones ahead!

The illustrated Tradingbox of my former analysis is still valid. The last illustrated fictive trade was shaked out, the showed SL got triggere but imo, there is still a bearish momentum . Now i see a wide neutral range between the last shortterm low @ 1,11 and the last shortterm high @ 1,14. Herein is no action needed, interesting are the edges of this zone. Below the bottom of this neutral box, a further shortsignal will be generated. TPs could be 1,08 / 1,05.

SHORTTRADE OVERVIEW: 3225 PIPS IN 15 DAYS OR 215 PIPS/DAY
Shorttrade overview: 3225 pips in 15 days or 215 pips/day

Two months ago, i have shown how to trade the longterm tradingbox 1.05-1.1475.
The illustrated shortposition was triggered and opened at the 04.05.2016 with an entry @ 1.14705.

This Position developes admirably!!! The short made averagely 215pips every tradingsession - in that hums the position is 3225 pips in win.
Now it is time to secure the position and to trail the stop loss. It is obvious to take the 0,38 fibo Level as SL @ 1,13131. Here the trade would be closed with 1574 pips.
Good luck furthermore

EURUSD-0.20% STILL CAUGHT IN THE BOX!
EURUSD still caught in the Box!

he 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
snapshot
m4riovolp3 PRO
4 months ago
DXY Dollar Index Long to 97,60 Area: with option to 99,xx


Dollar UP is EURO down :)
Reply
MaryJane m4riovolp3
4 months ago
thx..here is my view https://www.tradingview.com/chart/DX1%21/4dWKciJw-US-DOLLAR-INDEX-LONGTERM-FLAG/
Reply
MaryJane MaryJane
4 months ago
https://www.tradingview.com/chart/DX1%21/4dWKciJw-US-DOLLAR-INDEX-LONGTERM-FLAG/
Reply
MaryJane MaryJane
4 months ago
snapshot
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