Hello Traders, EURUSD has given us a short opportunity using the Wolfe Wave method, wolfewave.com. A short position from this level would be low risk since the stop would be placed above the recent high created. The price target for this trade would be roughly in the vicinity of the green box. Best, Chartistry
Good day traders! The 1.0851 figure marks some strong institutional resistance. A rally up into the figure may be matched with swift selling. It is ultimately up to you how you decide to setup your entry, stop loss, and exit, however I suggest selling at the figure with a 40-50 pip stop loss and look to get whatever you can on the profit side. Enjoy!
Good evening traders! The 1.0685 high held through the US retail sales figure, keeping pressure to the downside on the short-term. At this point, the risk is to the downside with price below 1.0685. It would take a sustained break above the figure to put buyers back in control. To the downside see short-term support at 1.0565. A break below the support...
These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day. Good evening traders! With price remaining below the 1.0505 resistance figure marked in yesterday's technical outlook the swift downside move was not a surprise. The spike low at 1.0341 however is throwing things off. The bias on this...
The 1.048 figure had me thinking price would not get up into the 1.0506-1.052 resistance zone, but this sharp up move has changed everything. If I see a push into the resistance zone I will be looking to get short using a 40 pip stop loss. As always look to get whatever you can on the profit side... even if that means 10-20-30 pips... if it gives you...
Hello Traders! With the 1.048~ resistance level holding very firmly after the 1.05 spike high we are now seeing a significant sell-off. Bias is to the downside now and shorting opportunities are preferred as long as we remain below 1.05. There is strong support at the 1.0335 figure which marks the 2003 low that needs to be broken for continued weakness on this...
Yesterday's short-term technical outlook: With the 1.0424 support figure holding and the previous swing high being taken out we are expecting to see a swift push up into the 1.05 resistance area. There is official institutional resistance at 1.0507 and 1.052 so we are anticipating pending short orders in that zone. A swift push up into the resistance area...
Hello traders. I am still awaiting a push up into the 1.052 institutional resistance figure on this pair. If I do see a push up into the figure throughout the week I will be looking to get short with an order at 1.051 and a 40 pip stop loss. As always look to get whatever you can on the profit side. Enjoy!
First of all... MERRY CHRISTMAS & HAPPY HOLIDAYS to all of you traders! I hope you all enjoy the weekend and have great times with your friends and family! Focus on what is important and enjoy the time away from the charts. Come back next week feeling refreshed and ready to make money! Review today's short-term technical outlook: We are clearly still in a...
Drew these levels last week when price was breaking the red line of support. Support lien was re-tested and then price moved lower creating a new support. As i missed the above break of highter time frame support line (red) the green hourly support (turned to resistance) became entry point
Good evening traders. Our institutional research has identified some key levels where traders are eyeing to get short. Resistance begins at the 1.0468 level and goes up into the 1.05/1.052 area. With this pair being in a downtrend a pull back up to either of the areas marked on the chart would represent overbought conditions where institutional sellers may be...
So far so good, last 4 trades got me nearly 80-100 pips each. **** Exit when see next green HA bar.
harmonic pattern failed here. looking for a nice drop and respected upper resistance trendline
We see Doble Bottom at 240 minutes time frame sell when break with nice risk: reward 1:1