Euro is finally showing a proper strength against Dollar. It broke out the Trading Range with a strong momentum and a decent volume. The retracement should visit the Demand OB first and then, the upward movement to the Supply OB shall continue.
Please let me know if you have any suggestions or any ideas...
Euro got back in the Trading Range against Dollar. A consolidation just above the Lower Range and then a touch to the Supply OB might cause the next downtrend. Until then, shorting seems as much risky as longing. Waiting for the right opportunity.
Please let me know if you have any suggestions or...
EDIT: GRRR.. dunno why charting is coming up all messed up in publication:
^ chart above -- volume surge / RSI confirms bullish parabolic analysis.
Great opportunity for EURO esp. with Boris Johnson's hard brexit looming around the corner -- if you're a patient man/woman; I'd highly recommend this entry as it will def. be...
As expected, the pair broke the previous support at 1.09 today and resumed the bear trend printing a new YTD level around 1.0880.
German retail sales and inflation data disappointed, which fueled the move.
In my opinion, those economic figures did nothing more than speeding up the move which was going to happen anyway according to...
After formation of BAT pattern priceline of Euro / US Dollar famous forex trading pair has formed another harmonic bullish Cypher pattern and entered in PRZ area to hit the sell targets soon insha Allah.
Even thought B leg is retraced upto 0.307 rather than 0.382 fibonacci but rest of the pattern is behaving as required perfect cypher therefore I am ignoring this...
After printing a new low near 1.0925, the Euro found enough buyers to recover above the 1.10 level and is now trading near the first resistance at 1.1040 which is the 23.6% Fibo retracement of the latest decline.
Also, looking at the recent candles, the recovery doesn't seem to have ended but is also facing critical resistance near 1.1060 and a potential big...
So there is positive news at 1 and 2 am PDT so I’m planning for a ride in the EURO to the second resistance line, because of the structures being set up. I’m setting a buy limit on the middle price and take profit on the top price and a stop limit at the lowest price.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.114.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...