OK, here's the same idea with more information (more bars) then this previous one (see the previous chart below): Now we even now that "they" have built a so called "feeding zone" (orange), where the whales in the pond eat all they can, just to pull the strings later. But first the whales wash out the stops below. And as we see, they even are fishing below the...
Here are my opinion on current situation, this bearish trend, that we observe now is manipulated be bears! For sure we gonna see one more atack (BEAR), before major trend down (BEAR). The reason is liquidity which stays untouched at the moment =)
Long EU, Ascending wedge pattern TP1 @ 1.24 level TP2 @ 1.25 level
There's a harmonic pattern which has achieved the expected retracement. The long trend is going to continue in anticipation of further QE trimmings and/or euro rate increase. Support by fundamentals will be there too as more active economic growth is expected along with the coming festive season. Howvere, watch out for USD good news which can throw a spanner in...
looking for a 61.8% fibonacci retracement and monthly key level breakout, retest and then continuation. (61.8% lines up perfectly with monthly level)
Last week, I had published a buy prediction that hadn't panned out due to too tight of a SL. I'm still considering EURUSD a great long opportunity due to the 4H RSI divergence, MACD crossover, and 0.618 fib support. This descending channel has held up pretty well over the past few days, but a breakout of that would strongly favor my position. Personally, I see a...
Entry - Already in at 1.06815 TP - 1.07490 SL 1.06430 Looking for a retracement from this week's Article 50 fall. The price has stalled at the 1.618 fib extension from the most recent price climb, RSI is oversold, and MACD is near a crossover on 4h. Target probably won't be reached until next week if it is hit, but this appears to be a good entry point for a...
I'm mostly on wait-and-see-mode with this trade, but there's opportunity for large, longterm profits in EU. I'm looking at this inverse head and shoulders pattern/symmetrical triangle. Here are two scenarios I'll be tracking if/when the price hits the 1.07940 area: 1) Inverse head and shoulders neckline is broken. In this case, we are in for a longterm uptrend...
This idea is dependent on a retrace from from the initial spike off the Fed rate hike announcement. This was a strong move up and the price could very well hit my target before my entry position is hit, making this invalid. -Entry - 1.06900 -Stop Loss - 1.06650 -Take Profit - 1.07830 It may be beneficial to view a chart at a larger timeframe to understand the...
BUY @ 1.131 SL @ 1.270 and TP at @ 1.150 ( we might see some unusual movements due to BREXIT rumors but EU is a buy for both short and long term )
What more can you ask for the start of 2016? We have a possible Bat and Triangle completion of a second wave correction of a higher degree. Some might count this whole triangle as a B wave correction. Nevertheless its a correction of an up move and a clear wave formation. So we are looking for the next impulse to the upside. This gives us the chance for a pin...
The US dollar has been under MIGHTY pressure from other well known currencies, mostly due to the enormous dovish minutes - but EU is ruling now - I notice a breakout above 1.1216 which resolve a super duper complex head & shoulders bottom. Above 1.1216 -this exposes the June high at 1.1436,” - EU hitting 1.13+ can never be ignored if the market condition...