Despite the volume - bullish euro pressure failed to break the 50% retracement.
There for the bearish pressure is still present.
The target 1 is 0.871 - which is tapped so 25% close
Target 2 - 0.8690
Target 3 0.8670
Target 4: 0.8650
We are currently risk free, if price reverses - still made pips. This is what is important.
Hello Traders,
Today we focus on Euro and for clarity, we are net bearish on the Euro going forward. Because of this predisposition, we are only looking for short positions and right now we have identified one in the daily chart. In breaking down this we shall consider price ranges and market participation. In this case, volumes play a critical role in our...
Hello Traders,
From our previous preview of this pair, all we needed were lower lows and that we got as price action shows. As you can see, not only is there is a stochastic sell signal in the weekly chart but bears are capitalizing on that clear bearish divergence following an over-extension/EURO over-valuation by week ending February 2. However, that’s not all....
Potential sells here. As USD unwinds, we can see a clear bear break out in the weekly chart following an over-extension a couple of weeks back. My EURUSD trade plan is to sell EURO at 1.222, place a stop at 1.2290 and aim for 300 pips at 1.19 or lower.
Potential sell opportunities in EURAUD. Wait for a stochastic sell signal to print and short at around 1.61-1.6130. In that case, stops should be around 1.62 with targets at 1.56, 1.50. Hold this for a long time after all, you will be earning positive swaps.
Learn more from this link: forex.today
Just copy paste and see what I'm talking about.
Last week was bearish and I shall wait for short signals in this time frames before shorting. Potential sells lies within 1.58 and 1.585 with stops above 1.59. Remember, the weekly chart is very bearish complete with a sell signal and a bearish divergence pattern.
Read more here: forex.today
Hi everyone
Here is my analysis on Euro Yen
I see this market going short , choppy all the way down to my orange tps with an end goal at the bottom which I have shown u .
happy trading
KRIS
Hello Traders,
Technically, I expect the Kiwi to strengthen going forward. In the weekly and the daily chart, it is hard to ignore the sell signal with a bear divergence pattern in play. Also note that this week’s candlestick could be a confirmation of an Evening Star pattern at the shoulders of a Head and Shoulders pattern. Week ending October 23 ended as an...
Traders,
At the moment , we are heavily net short the Euro mostly as advised by technical developments. In the monthly chart, you can notice price action are trending lower in relation to the upper BB. That is despite EURTRY being higher price wise. Stochastics are also over extended and a sell signal is in the process of being printed.
Secondly, in the daily...
Guys,
what's up, hope you nicked some pips this week. Well, it's Friday the 13th and if you got margin called, next week will be another cool week to boost your account. I have posted several posts at www.forex.today.com---https://tinyurl.com/Forex-Today-Analysis--- and if you like what I'm doing, you really need to go through those blog posts. Cool stuff, most of...
