TARGET 0.91063 or 0.88688 Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!
This trade is a simple selling opportunity with a high reward. It has broken powerful support levels, powerful trend line levels and is now in a downward trend.
Eurusd is clearly in a downtrend... It is looking bearish and has broken multiple support levels. The Trendlines that have been broken are indicating that its a sell. Big profits to be made on this trade.... More to come, so make sure you follow me!
Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice! TARGET 1.05200 OR 1.06200
UPDATE. EDUCATE. Enjoy.
Scouting potential shorts after the successful breakout of this triangle formation. 3rd touch lead to the massive bearish momentum that broke our region of support and usually before we get bearish continuation, there must be a retest or pullback of some sort. The retest I am looking for is around the region of support that we just broke or if market decides to...
Looking for market to break back into its consolidation region before I start placing any shorts
Clear buy of in a very strong area of support, bullish candles have started forming the reversal pattern as well.
EVENING STAR HAS FORMED ON THE WEEKLY, FOLLOWED BY DOVISH AUD CPI ON WEDNESDAY. I'M EXPECTING A GOOD BEARISH LEG TO FOLLOW
VERY CLEAR BREAKOUT FOLLOWED BY A RETEST AND THEN BULLISH CONTINUATION. UP WE GO
After the shorts taking last week, I am looking looking for more entries with good risk to reward ratios that can then allow us to maximize on this pair. Scenario 1: Bulls gain a bit of steam and allow for a pullback all the way to the resistance marked in yellow/orange (126.153 region). Once we reach this level, I will have a sell stop placed below the bearish...
Clear break of support (1.12479) followed by a good retest.Expecting market to now head down to my region of support (1.11965) where we could either see the Euro regain some strength and push the pair back up before the major short or we can see the bears take control of the market and break the supportive region which will allow for a long term short to occur.
Clear breakout of the triangle pattern presented to us by the market. before going too heavy on shorts, I am still expecting some pullbacks to occur. Another thing I am watching out for that could lead to potential USD weakness is the fact that the GDP data which is being released on friday might be dovish and cause a slowdown for the dollar. Nothing much is...
Got a decent short in on this pair last week but i am still leaving my stoploss where it is incase of any pullbacks that may occur. Overall my bias is bearish for the pair.
RETEST ON THE RESISTANCE TRENDLINE WITH A SOLID BREAK ON THE SHORT TERM BULLISH TREND FROM LAST WEEK. I HAVE A VERY DOVISH OUTLOOK ON THE CPI DATA THAT WILL BE RELEASED BY THE RBA BUT BEFORE THE RELEASE WE COULD HAVE A FALSE BULLISH SERGE AS A PUMP BEFORE THE DUMP.
SHORTS ARE STILL PLAYING OT ON THIS PAIR, JUST ON THE LOOK OUT FOR POSSIBLE PULLBACKS