According to the Forex calendar, we are expecting FOMC meeting minutes today at 19:00 GMT daylight. This news event hopefully will move the market to confirm our AB=CD pattern. The bulls are waiting with eager to get in the market while the bears are ready to take their profit and go home. As illustrated on the graph, I am anticipating the market to come and...
Nice simple channel confining price action for the last 8 days. A break above should illicit some more stop loss buying. If the minutes are hawkish I would think we start heading down to test the bottom of the channel.
$EURUSD is trading within an ascending triangle (bullish). Regardless, Friday's rally stopped well short of resistance and Monday's gap higher was also futile. We are still calling for bearish continuation but expect a correction to the triangle bottom at the very least. Bullish fundamentals are lacking - shorts valid against triangle top/1.1051.
$EURUSD Appears to have failed below the #FOMC high, carving a lower high around 1.0950. Shorts valid with stops above swing high, targeting the bottom (1:2.5 Risk:Reward), continuation. Stop should be trailed if aiming for continuation.
Again, here we are on a crazy FOMC day. Thus far the pair has been holding strong with bullish players. I am looking for it to break long after FOMC minutes
The FOMC meetings create a lot opportunities but at the same time it makes the market a little scary. Here the pair has again retest the weekly half way back. I failed to enter as I am counting on the news to send the market into a false long break out hitting this level again. Will see, be safe everyone
Since the major leg of March, 11th, its 61.8% retracement supported intraday price followed by a spike north and a new structure high. Expecting @ 61,8% retracement of this new intraday leg and favorable price-action at this level for a long position. Entry @ 0.7296, stop loss @ 0.7264 and first target an @ 0.7352
This Chart show us the acceleration in devaluation of the EUR USD. Since May 2014 Euro lost over 20 % in value compared to US dollar. The ECB do everything that is possible to provide more liquidity and pump up the market. Same Thing did FED and BOJ in US and Japan and in the end its not worked. Last week the ECB started their Assets Purchase Programm and the...
Price action broke from consolidation, and hovered underneath resistance at $333. Instead of trending lower, price action climbed the ascending trend line and rallied to $306. As said many times, these rallies are almost sold. This one was no exception. Technically speaking, traders should have exited their trades after the ADX ticked lower, which is the first...
so its FOMC Day and i expect a decline after the statement, because of the CCI indicator flaging on 3 to 8 Hour Timeframes. its showing me there is a new leg coming. price is in correction mode at the moment. i tried to make some pips but with no luck :) my MT4 Charts -> prntscr.com I wish good trading
inverse hammer off the 0.500 fib. FOMC meeting tomorrow and im expecting the FED to have the same tone as the last meeting and remain hawkish looking to raise interest rates in 2015. if this happens we will mainly see eurusd and audusd advance lower.
1.2100 is where I am waiting for Euro to find resistance and than drop to 1.1200 zone, which is also 1.618% fib. I dont know if he will go back there, but if he does will be amazing, with a very small risk and very big reward.
I'm not sure this time.. because FOMC. but i think rise is little more superior.
EURUSD is setting up for a bigger move either way. The FOMC meeting will probably have a big impact on this decision. The price is generally oscillating in a triangle since late 2008. This would imply more bullish months from here, back up to the downtrending line of Highs. The decider for a long or short will be the next 1-2 weeks as you can see the price is...
Nothing too fancy here on the EURJPY just a simple structure based trade. Looking left you can see that the market has had trouble breaking this resistance level as of late. Combine that with the RSI being oversold and the existence of a double top featuring RSI featuring bearish divergence and it's more than enough for me to take a shot on. This top was also a...
Canada has pulled almost all of the way back into it's most recent swing. The is the place where the big boys like to play. First we need to be patient and wait to see how price unfolds before just jumping into the water with a major news event looming on the horizon. To get long, I'd like to see one of two things happen: price suddenly spikes lower, washing...