Looks like there is still a lot of buying going on @the EU. As long as the trend-line is not broken look for longs. Lets see how far this rally goes... Seems like the Speculations on EU QE / FED rate hike is priced in and we reached maximum at the extremes.
th think change the situation is ither.. eu go up
Breakout accrued followed by test to the neckline.
On a 1H chart we have a bearish chart pattern (In case if the hour will be closed as it is of lower) Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with...
A well defined channel has taken shape here with EU now potentially bouncing off the lower boundary, which has held nicely in the past. Indicators are nice and oversold which could make for a nice impulsive move upward. The 1.145 region could be a key resistance area on the way up, but if it can clear that we could see 1.19 again
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
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...
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..."
EURUSD is being heavily supported by a 3 week support structure. A Bat Pattern is visible in H1 chart and represent a very good sign to BUY. Let's see what EURUSD got for us.
The Greek tension and the futur about its debt will give the short term direction of Gold. If the Greek Debt is being under pressure because no solution is found at Euro level, there precious metal may go up qukcly. On the other hand, if we do progress towards a solution, the precious metal may resume its "natural" path which is down the road towards 1180 and then...
Pretty reasonable risk reward here, could be better if it test the lower ascending triangle once more. Coincidentally, Greece debt deal will be up within the next 10 days and this might be the catalyst for the better or worst. T/P: 40.89 Entry: 34.60 S/L: 31.37 (Trailing stops by 0.04 daily)
This setup is base on the following price confluences. 1. Downtrend on Monthly chart witch has been initiated from economics news shift, as well as resistance, and trend line as indicated by arrows. 2. Support and Resistance lines for a very long expectation of down trend. 3. Descending channel trend line. As shown in purple channel as well as how price reaction...
Look In the chart, we BOTTOM 1 time every 2 years EUR / USD looks of his .2010 (1.180) -2012 (1.20) and the 2014 !!! (1.22 >>?) Parity 1.25050 to 1.27000 and 1.22000 years after the end 1.280000 (2015) Ersoy TOPTAS MY Link: tr.investing.com website: www.ersoytoptas.com Website : ersoytoptas.com