Entry current (1.1663) Stop 1.1635 Take profit 1.1845 Risk/reward = 6.45.
It was wise decision to avoid selling eurusd on the earlier idea as I cancelled the setup. The price almost reached the earlier top and reversed down there. Entry - current Stop - 1.1755 (above earlier top) Take profit - 1.1310 (ahead of earlier bottom).
EURUSD finishes its correction before another impulse down, which should retest the earlier low at the 1.1301. I believe in magic power of the trends and think that soon the pair would reverse ahead of the upside resistance. The wave C=A around 1.1485, which is beyond the uptrend. It is a wave 4 of the last wave (5) of ((A)) down (see related). It entered the area...
La idea está como pública asi que no muestro el análisis completo en el gráfico, pero sirve de referencia para quienes conocen la metodología. La entrada ya dio casi 30 ticks como para tomar target. Espero que alguien la haya tomado. En la semana publico alguna de las zonas que estoy esperando para tomar. Saludos!
EUR/USD (EUR Futures CME) - E6Z2017 (Contract December 2017) Sell Limit 1 - 1.17950 Sell Limit 2 - 1.18950 Take Profit - 1.14950 Stop Loss - 1.21750
EUR/USD Futures (E6 EURO) - E6Z2017 Signal: Buy Limit 1 - 1.16500 Buy Limit 2 - 1.16050 Take Profit - 1.18300 Stop Loss - 1.15500
EUR/USD Futures - E6Z2017 Signal: Sell Limit 1 - 1.19200 Sell Limit 2 - 1.20000 Take Profit - 1.16200 Stop Loss - 1.21700
1. Elliott Wave - motive wave 2.Area resistence 3. rectangle FX:EURUSD CME:E61!
Here is a nice confluence of a bearish BatShark along with RSI and AO divergence. I have entered short with some targets marked on the chart but will watch price action in each target area to decide whether to take profits, move stops or even reverse position (in the case of the bullish 5-0 pattern). As per my new strategy I will be moving stops to breakeven...
With the French elections now in the rear-view mirror, the Euro is at 1.10-ish at Asian open, and I'm looking to watch and short /E6 or FXE after seeing how far the spot forex pair goes here. Typically, the currency doesn't move all that much in the Asian session, so I kind of want to see what the European market does with the news before committing to a short...
Since the EURO did not break out after the first election in Europe, and the Commercals being neither long nor short, I tend to sell a strangle expecting the EURO to move sideways.
Shorting at blue line with stops of the red line. TP1 is the green line (I will move stops to Breakeven when it has moved in my favor an eqivalent amount to my risk. I will then take half profit at the green like and attempt to hold the second half for deeper targets as long as no compelling bullish patterns form. Wish me luck.
Price approaching important resistance level. Momentum still high and price makes higher highs. A break can trigger buy, but only with a retest, we get a high probability entry.
COVERED...we are covering our small position on the second day run. We didn't not get the pullback we wanted. We will wait for a pullback or consolidation to re-enter for another leg up. IF YOU MISSED THIS TRADE...DO NOT CHASE IT!
The Euro blew through our watch area without triggering but rebounded late during the Friday session. We wanted to be long by now but we are not. There is a lot monetary news events out of Europe this week so we will be cautious of our positions. For now, we want to look for a trigger long (which may happen over night so get the coffee brewing) down to our...
This is a great lesson for those who want to get on a good trade. Look at the monthly chart. Not since 2001-2002 have we seen a nice wedge pattern like the current. But more importantly look how far price moved when it broke. We expect the same with this current pattern. You don't have to catch the break...rather drop down to a smaller time frame (Daily or 4...
We are still watching the Euro. It's back in the middle of the range in no mans land. We will continue to keep an eye on this. We have a weekly signal getting ready to fire and with all the junk happening in the Europe this currency will move and we will try to be on it. Keep on your watch list.