Hi! Last week we had a major success when trading the Price Action on EURUSD when bulls (longs) continued until the big drop on 8:32 AM US time on Friday, and continued longs until last week. Usually, there will be a gap down on market opening in 6 hours but I prefer to wait a few hours to post the best opportunities, usually after 6-8 hours of market ...
Hi!
In my (our) last idea, I told Price Action prefers EURUSD longs and it still is! AUD news is in 2 hours from now and the Retail Sales should get things moving for EU. So now, lets make some more profit!
Hi! Last idea I said according to the chart and RSI that longs were commencing and it should for the next few hours, and it did! The 0.25 micro-lots turned out well and is now $95. The Price Action is still favoring longs so I'll stick to that. Basically, I use RSI as a confirmation. I know that indicators can get a little bit laggy further on.
Hi. EURUSD should be long according to the trend conditions, and the expected increasement of the next hour's news should drive the EU up even further. Now that RSI confirms the situation, along with my teammate in trading (we do that to commit discipline in trading), its time to go long using a micro-lot 0.25 position. Should be good enough for me.
Talking Point:
Technical Strategy: Bearish
Elliottwave View: Bear count confirmed
Analysis
From our last December's analysis on NZDUSD (New Zealand dollar vs US dollar), nothing much changed. We are on bear trend count and able to break and trade outside corrective channel. From last analysis and trade signal on which we earned +138 pips from shorting this pair @ ...
Jan Feeder Cattle made a double top reversal today. Possible continued down action. If Feeders regain up side momentum and make triple top, all bets are off.
With the rise in corn, January Feeder Cattle under pressure to make a correction. Having a tough time crossing the 61.8 level of a Gartely pattern. Look for prices to fall to 31.8 and beyond. Watch corn prices. If they continue to go up, Feeders will go down.
