SNB's EUR reserves are at record highs. Combined with the 1) political relief in EU 2) improving EZ economic data 3) ECB likely to start tapering QE 4) a huge current account surplus in the Euro area 5) an undervalued EUR cf. long term moving averages 6) correlation of EUR with 'risk-off' macro environment - likely to persist given overvaluation of...
An apparent decrease in the rate of downward movement or a reversal model can be used to open a long position in the purchase zone with a target in the area of resistance level 1.0906.
I've been eyeing this opportunity this since last week. Price have failed 5 times (and counting) to break and close below 1.0650 (seen on 4 hour), which also happens to line up more or less exacly with 61.8 fibonacci X-A. We're coming from an oversold condition, momentum seems to be turning around - could this simple setup wield profit? Overall, the break to...
We use the resistance level. Sale in the expectation that the level will not be broken. Buy at the breakdown level.
Short-term long position at the breakdown of the resistance level.
Hello guys, I think EURUSD will goona Bullish till 1.10000 level then a Reversal may be possible so keep any eye on the mentioned Zones and a Breakout with a good retest. Thanks. #TRADEATYOUROWNRISK #HAPPYTRADING
My clues here are; ABCD Confirmed support at previous keylevel. Keylevel coincides with bullish trendline Several pointers towards a triangle forming My stoploss is above 1.05000, lets see if it bites me. Target 0,618 fib of A-D move, and just below another weaker keylevel.
Looking for Eur USD to go long. the DXY index is weak check my DXY markup Huge Daily/weekly 113 pattern completed to start 2017. Head and shoulders formed on the daily inside the PRZ zone. (On the right shoulder) Looking for the market to retest this week to start a long bullish trend.
I believe we got a trustworthy reverse. The resistance at 4.29275 have been tested before. It broke out yesterday of the reverse cup, and is heading north of the 10EMA. Volume haven't picked up yet, so be aware it might do a drastic spike down over the next days, before continuing up. I have a bigger SL because I plan to hold this one for some time. For good...
Batman shows himself, giving us a signal to get long together with heavily oversold condition and support area that should provide some ground to reverse. Order is filled, lets see if we fly.
We have an opportunity to get long with the backup of batman (if he's with us this time). Entering after sign of a bullish rotation. Applying the thought process of a 2618 with retracement to 0.618 fib after a double bottom. Target 0.382 fib of C-D leg of the bat. Stop loss just below the lows.
We find another similar opportunity as yesterday to buy with completion of 2618. The big gartley has not yet been violated and is still a signal that adds to this case. Orders are pending, Im shooting for two targets with respect of the gartley.
We have a 2618 playing out after D completion of a Gartley seen on 4H Im shooting for 2 targets this time with conventional 0.382 fib of gartleys C-D leg in mind. Orders are pending, lets see if we get filled.
Advanced pattern - Bat completing in a clear structure zone where price action have struggled, supported and resisted several times before. We also have a bullish trend line to add to our support, aswell as a previously broken bearish trendline. Order is pending, lets see if we get filled.
Simple price action trade. A Bounce off the Daily trendline, continuing the downtrend with a safety option for a long if price decides to break out of the daily downtrend. Short entry just below the Daily trendline 1.06838 Long entry just above the previous swing high 1.07800 Waiting on another possible retest of the Daily trendline before short entry.
1. Bearish bat formation which turned out a winner, but not before putting up a fight. I entered this one since we also had a previously tested support and resistance area. 2. If the marked decides to push the price down we could see a complete bat formation. Although Im not too happy about the bullish trendline being violated, which itself is a bearish signal....
A small gap formed Sunday that needs filling. 'Hard Brexit' exaggerations were called out this morning, may assist this trade and any Sterling traders alike. Enjoy