MONTHLY TIMEFRAME 3RD TRENDLINE TOUCH, EXPECTING A BOUNCE OFF TO THE UPSIDE
If we watch the monthly chart we can see Euro currency index is in a strong downtrend since the Great Recession. The price now arrived to a support zone which is the 100. In my opinion it's a psychological support/resistance level, cause 100 is a whole number. At this point the price can go upward to the downtrend line, which location is at Fibonacci's 23,6%...
Dears, please, becurfl when you enter this position as you can see the price make pin-bar and we have to wait to confirm the bullish when the price close below this pin-bar you have to cancel. Good luck
to my existing long positions in Eurusd at 1.1130 and 1.1205 Ive added one mor elong position at current price level TP well above 1.40s SL at 1.13ish
one additional long more, in sum 4 longs now in EURUSD TP well around 1.40s SL at 1.13ish
added a 5th long position in EU, tp around 1.50s
added a 8th long position TP well above 1.40s
added a 9th long position in EURUSD TP well above 1.40s SL around 1.11 (adjusted for all positions SL at 1.11) , if needed, will be lowered later SL
Dear Traders, please, be informed we can buy the EURUSD when the price broke-up our red line and the target it will be on the yellow. Good luck
Looking to continue the bearish movement downward some more before a rebound.
Hi All, We have been trading the EURUSD all year with a strong bias towards the downside. Looking at the monthly "EXY" Euro currency index we can clearly see a strong momentum building to the downside (falling wedge cycle). Observing the latest economic climate highlights the worsening slump within the EU bloc. With the ongoing Brexit and Germany looking...
HEAD & SHOULDERS FORMATION AT YEARLEY HIGHS
CLOSING BULLISH ABOVE 1.73500 TAKES THE CURRENCY PAIR INTO HIGH TERRITORIES WHICH THE PAIR HAS COMFORTABLY MOVED WITHIN IN 5 YEARS AGO. CLEAN CHARTS HIGH TIME FRAME KEY LEVELS ONLY. THIS PAIR CAN MOVE 300 PIPS & MORE
EXY is one of the most important indexes which had been investigated as parallel key in EURUSD or other pairs. As it can be seen at graph, there is three important scenario based on three important historical resistance! Regardless of that, It seems this parameter fallen in to one of the resistence. Elliot wave behavior and Price action phenomenon, say to us, C...