Hi, We had an almost successful analyse on EUR last time and now many things are more clear for me in chart.Like we have a bearish pennant in chart and in that pennant we have another triangle formation that made more limits for EUR. By all of that i think it's time for a short trade in this triangle with 2 target. Target 1 = 1.163 Target 2 = 1.159 Stop loss =...
Here's the chart I've posted about the Short in this pair. With this chart, I want to give a more in-depth view on the hourly chart, although I only manage my trades in the original chart. You see the Blocks (orange & red). These are very often important structures. They have their merit, and we can get useful information from them, supporting our decisions in...
After the washout price is pulling back and offering a short opportunity. Let's see if we can ride to the white centerline. P!
Buy above 1.2199. Stop loss 1.1999. Take profit 1.2293. Reason for trading strategy: EURUSD is approaching its support at 1.2070 (100% Fibonacci extension x2, 50% Fibonacci retracement, horizontal pullback support, descending channel support) where we expect price to bounce and rise to its resistance at 1.2293 (61.8% Fibonacci retracement, horizontal overlap...
Euro Currency Index seems that it will lose some power against other currencies during next weeks. April and May will be very important for EXY. Technical Analysis details: -I observed a divergence on weekly chart which can start a new bearish trend. -Stoch gives some bearish signals for future. -Wave Trend Analysis gives some signals that we are at the top of...
It appears price broke the April,2017 up trendline and price is in a symmetrical triangle, with the green back strengthening it appears price will break the symmetrical triangle to the downside as well. Next logical stop appears to be in between 1.2700-1.2000 RANGE where important fib zone lies along with some strong support.
Hey Traders :) We think that EURUSD pullback to the last ascending trendline. If not there is a good possibility for a long setup !
Eurusd Trading around 1.1605 Level Strong Resistance above 1.17 level now Small support seems around 1.1570 where breakage may call for 1.14-1.1450 soon and if a jump so expected toward 1.1680 then a drop toward 1.14-1.1450 as not closing on Daily chart above 1.1720 be Ready for a drop. Advice too sell pair in range of 1.1605-1.1680 sl above 1.1750 TP 1.1450
I am no Bearish on this pair after we have broken out of the Daily channel (ascending wedge) I was previously long on this pair but that is now invalidated (closed before stop triggered)
With NFP giving the Euro a little more life against the dollar We can see a retracement to 1.1845 - 1.187 Previous Post is still valid Additionally we got a completion of a Bullish Bat Pattern If one does decided to take a Long Position based on this pattern I advise to take to 38.2 TP1 only Will be monitoring PA at 1.1845 - 1.187 for signs of a bearish...
Hmmmm, I get it, long EUR because of current account differentials, QE taper, balance sheet normalisation, US political uncertainty, French elections over, everything rosy in Europe. But often, the obvious is obviously wrong . If EUR respects 1.20-1.21 as overhead resistance, then we could be looking at just a 50% retracement of the huge down leg. Suggesting...
Strong downtrend is still intact. I am looking for more downward movement and would like to participate around 1.18547 which is a good confluence area. Once zone will be hit, I will look for reason of entries Short @ 1.18547 SL:1.19427 TP:1.17178 Follow us for more quality trades. September we had gather 1000+ pips. *Disclaimer : This analysis not include...
Price failing to close above 134.00 on 6 attempts. Double top at historical support/res area. We have a closing bearish candle outside the triangle, which gives us another signal to go short. Target 132.500. Stop loss above 134.200
Price action at daily resistance. ALSOOOO, the RSI is Overbought @ over 80. (TECHNICALS ARE NOW ALIGNED) Brexit woesss!! - Too much negativity so far from the negotiations UK government are producing to EUR Sellers should enter the market by friday. Expecting some positive fundamentals for GBP this week and next week. $$ Take profit at a psychological number...
Hello traders! We may have here a short opportunity on this pair. Watch the price for a strong down impulse and wait for the correction. If the price push higher, we are not interested in a buy. We are looking for a sell setup. DO NOT FORCE THE TRADE!