Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
There is a current waves of strong bearish momentum of sellers entering the market in all angles. You can clearly see the Downward trend right now in which I am anticipating to continue. I'm not late at posting this time as I just entered right now with an expected target of around 130.40
Alot of people have mixed views on the EURUSD right now mainly due to the confusion on the daily chart but both the Monthly and Weekly is clearing showing some potential downward selling pressure exists. For that reason, along with all the stuff going on with Greece and the EU right now, I believe the daily chart is finally lining up to this view on the short...
Based on top prices, i calculated that and average drop of 1000 pips and 750 pips in a span of 50 days or 100 days. shorts drops that happen will drop with 300 pips atleast and some of the highest drops where 3400 pips so i hope for a nice drop these next few weeks. Top reached price W 10k-7k average base points drop after reaching top price 1 = 6922...
As I describe in last chart here is advanced chart.
I think, Nokia had bad time. But something tells me Nokia does not want to fall at all. They try to touch the market wt new step of them strategy. I remember how HPQ turned up and reached more than 100% even more people /me included/ though how HPQ ends. So if Nokia shows us a comeback, it should be interesting to buy. Also can helps successful Greek solution...
Scalp short euro 5m rsi high, Stoch RSI signal, tight stop-lose which will be moved to break even as soon as looks downish
Well im looked at some charts and GR went crazy so i went short.
I draw my own S/R to show where price is respecting levels, You will find Fib retraces often line up pretty well with these lines :) Draw your S/R first then add fibs, you'll see. CCI peaked and is now heading south. Current 50% Fib reversal, Hopefully we are all down from here! Good Luck Trading!
What an opening... Although it came as a surprise, and although the shorts I left open during the weekend do not look very good upon that gap up, this is absolutely nothing to worry about. Quite the contrary, all that bullusion is giving us another great opp to stock up shorts before heading towards inevitable doom. ENJOY - Embrace change and stay safe!
All indexes will fall in the next couple of weeks, some say crash is imminent. S&P500, Nikkei, DAX, all those indices will fall. Euro possibly falling. Dollar possibly rising, then a fall. Only currency continuously rising would be the pound. Oil and gas going to go up. Agricultural commodities from bear to bullish, but it will rise slowly. S&P crash target: 1700...
We have had a choppy week but the combination of higher lows and and higher highs indicates a bullish bias for the coming week. This rise is most likely on borrowed time for the EU. Earlier this week I noticed a clear bearish divergence between the tops we had on 6/3 and 6/9. As of now we can't confirm whether this bearish div will pan out. We have what appears to...
Short EU based on critical levels, and string of good US data expected to continue
Quick thoughts on EU. Possible Rising Wedge Pattern which can end up in a reversal.
Quick thoughts on EU after spotting that possible bullish flag on the hourly timeframe. GL :)
Waiting for validation of this pattern... If we get D, i will enter Long Notes on chart
Based on Fib Extension and Structure Target around 127.2% extension from last move. IF we break that 127.2% extension THEN we move to 161% zone. "Look left, structure leaves clues..."
Price hit the Primary TL as expected, took a nice short from 11700 catching just over 300 pips. Waiting with anticipation for the open to see where price is, looking for good long position with stops placed under 11400. The current bullish TL hasn't been broken yet since the last major sell off from last year. Indicating it will probably hold once again. Looking...