After making a triple top EURUSD will fall. Trade safe. good luck.
The video for this short trade opportunity was made a couple of days ago and it's linked below. Entry: At Market (Already Confirmed) Stop: 1.07737 Target: .95372 Risk Reward Ratio: 18.01 Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research...
This is a short trade idea that will be targeting 1.04614. The stop is placed at the last high as instructed in the video. From current levels risk reward is roughly 3:1. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just ...
As per my video I thought I would post this lovely picture of a head and shoulders pattern... Of course the waves always line up with these intriguing patterns. Stay tuned to hear about what I think is coming next for these markets. It can't all be bad right? See the video idea below where I did live on the spot analysis as this was unfolding. Remember to...
Hey guys, will start posting again, generally my two cents on EUR/USD it is not really looking good now, looks like we are going to go down and generally looking at the way everything is going S&P500 is also going down so, maybe a short trade here or just move your money away from EUR for now, but let's see.
Euro is pullback to broken strong support at 1.0500 and firm a bearish flag. It seems bearish again. On my view EURO will fall to 0.9000 in near future. Trade safe. Good luck.
Traders, As you know, EuroDollar Futures has been one of the lead indicators regarding Fed rate hike action. As the futures drop, the inverse occurs with the U.S. dollar (DXY). It goes up. Likewise, the Fed tends to respond with a rate hike in accordance with the gravity of the EuroDollar's move down. Yesterday, the drop was huge after the CPI report was...
all bearish down trend for Euro. it is over. big support will wait for Euro,
Price hit important level of 1.18800 and could reverse to 1.17640
I think that it will com down to entry level to clean some Stop Losses, and then go up and strong till the 1,15000 level!
Fundamentals are fairly important in financial markets. Its why I spend so much time on them. This is how I came to the ultimate conclusion that the trend of EURUSD is down mainly because Brexit, updates of which you can find here: anthonylaurence.wordpress.com While economic data out of the Eurozone was somewhat favorable at the start of the week with the IFO...
The fundamentals of the Eurozone remain weak. The politics are toxic. Technically, RSI has a long way to go before oversold. Moving averages all trend down. I imagine we could reach 1.115 before a reversal to the upside. For more analysis, check out www.anthonylaurence.wordpress.com
I've talked extensively on how a no deal Brexit is more likely here: This is primarily my reasoning behind why I'm neutral to short on EURUSD in the medium- to long-term (1 to 3 months). There's plenty of other good reasons to be short EURUSD including continued weak data releases from the Eurozone, possible continuation of a recession in Italy, and potential...
The euro was one of the worst performers last Friday and continues to head into negative territory. At the weekly view, we can see that the pair is in a long bear trend while moving averages suggest this to be the case as well. Brexit only worsens this as key votes will occur today and tomorrow on whether or not the UK will be able to strike a deal with the common...
Next week will give traders a better idea of just how bad and just how quickly we'll get to a no deal Brexit which is looking increasingly likely as days progress. Cleraly, euro long is an overcrowded trade with moving averages showing a downward trend. Political risk from Brexit will obviously weigh next week as well. More words on why Brexit will hit markets...
EURUSD stay on high of flat. Right now it can go down to low flat level - 1.1302. I think - its preferred situation. Near 70% probability. Or after breakout flat highlevel and retest it - you'll see retest :) - EURUSD can go higher to 1.1859 - 30% probability.