Some levels remain the same, some are new!
To understand what the pair is willing to do today you have to see yesterdays idea!
My thoughts is that pair is willing to go down at the moment!
Reasons - yesterday 08.03 it got above Sensitive level, and it felt down more than ( 23 or 35 ) pips, furthermore it broke yesterdays Decision point that was located at 1.1004....
Not a big change in daily levels since close price is near the same as yesterday!
I am still long to 1.1060 - see related Idea.
Look at yesterdays 07.03 daily levels, we made some profits on that one - see related idea.
Description! Read carefully!
First look at market sentiment 1.1004, if it will be broken downside by X pips, it is more likely that the pair...
EUR/AUD ( 4HOURLY )
SUMMARY:
The secondary trend of EUR/AUD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4926 and support at the level of...
See my related Idea!
SL is below daily level, since if it will be broken by X pips, we will drive down.
Watch how Decision point reacts. It may reject the pair and send it down!
I am long anyway!
Hello.
Very simple trading strategy.
Wait eur/usd to test 0949 and if it comes back and breaks 0962 buy, The same with sell!
If it breaks 0949 then we are going down. If it breaks 1107 we are going up!
Market can be choppy and range between those levels, I will update during the day!
Cheers.
EURUSD has began to form a bearish bat pattern on the daily chart. The potential reversal zone is between 1.1381 and 1.1392. Projected target 1 at 1.1124 and stops placed above structure at 1.1489.
100 - 200 Pip Opportunity - EUR/USD Long - 05/02/2016
The primary trend of EUR/USD is bullish on charts and price is trading above the trend line in its daily chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.12750 and support...
I am not a long term trader however it is often good to know the prevailing market bias so that we don't make huge short term projections against the prevailing market bias. When you take a short position in 2016 it would be a good thing to be conservative with your targets as the EURUSD is going up. Once the 1.1059 break happens I see an area of resistance at...
Important week ahead for EURUSD. In US ( ISM, NFP and Unemployment ) while in EUR ( CPI and bank rate decision) will be driving forces behind EURUSD move.
I expect short term bullish correction to be initiated by the bounce from 628 Fib retracement at the support levels 1.118 until 1.14 area will be retested and one might consider to rejoin bearish long term...
STRANGELY, WHEN I DID MY REGULAR ANALYSIS ON THIS PAIR I SAW FURTHER BULLISH, HOWEVER, MY SO CALLED CANDLESTICK GENERATOR IS GIVING ME THESE 3 OPTION AND THEY ARE ALL BEARISH. STRANGER IS THE FACT THAT THE 3RD OPTION IS SHOWN AS MOST LIKELY SO I'M WATCHING THIS PAIR FOR THE NEXT DAY TO SEE HOW IT PLAYS OUT.
AGAIN, THIS IS NOT A TRADE IDEA, IT IS STRICTLY...
OK, SO LAST WEEK I MENTIONED THAT I FIGURED A STRATEGY TO PREDICT THE NEXT CANDLE. I MUST CLARIFY THAT I WAS REFERRING TO A SCALPING STRATEGY, AND I'VE ONLY USED IT ON A 5 MIN CHART SO FAR. SO I RECEIVED A CHALLENGE FROM SOMEONE TO DO IT ON A DAILY CANDLE, SO THIS IS MY FIRST ATTEMPT TO DO SO.
PLEASE KEEP IN MIND, THAT THIS PREDICTION IS IN NO WAY ME PREDICTING...
