We can expect more downside on the EURUSD before we can start thinking on going LONG. We can expect a retrace to 4H trend line, but price has do drop to at least the demand zone seen in the 4H chart. Technically if we get a daily confirmation(new higher low) it looks as if EU is change trend. But fundamentally nothing is clear when it comes to the Euro, Greece...
MA633 can act as resistance to bring the price down to 4H trend line. We could enter SHORT with target @ ~0.945 with a stoploss at 0.9513 But The piphunters will place a buy order 0.945 with a stoploss @~0.9410 TP1:35pips TP2: 70pips TP3:keep flying :) the reason for that is: Forexpower calculation and current trend all telling me current uptrend will continue.
While trading in a strong uptrend price now hits 4H and 1H trend channel bottom and look very interesting to take as a bounce trade. We will be looking for a nice confirmation candle to enter LONG. Piphunters are looking for a major EB as an entry signal @ ~1.9035/1.9040 with a stop loss at 1.8970 (below 4H 36 EMA) Forexpower in this pair is GBP:-1 and CAD:1....
According to our forexpower calculation We should be looking to shor EURUSD in the short term. Currently the EU is at a descition point eaither to break down och bounce up and then backdown. watch price closely if it breaks the Demand zone(green) then we could have continuation on the friday south movement. But beeing Monday and most major EURO banks beeing...
Last week was a killer week for USD and EUR, Where USD was killer strong and EUR was weak toward ALL other currencies. My Forepower algorithm (described earlier) gives us this as a winner pair. So the week to come use your favorite setup and go short term: SHORT on EURUSD Badly formated currency matrix. EUR USD GBP JPY CAD AUD NZD CHF TOTAL EUR -1 ...
As we see the EA rallied up to the upper trend line which also is the EMA200. We can expect a bounce down from here. the 4H chart shows a first red candle, but if it starts to range here we could expect a move up, but a more likely(technically) scenario is a move down to at least the previously 4h tops (green demand zone). To time an entry we use 1h chart to get...
Week 18 gave us a Strong Euro week. This is a bit funny since the Euro did not really have any good news to relay on. The main reason is likely to be correlation and since Euro is the Anti USD, the negative numbers on the USD, gave the EUR a nice power boost. This shows in our weekly Forex Power analysis. Forex Pairs of the week: EURNZD: LONG NZDCHF:...
Short term SHORT. Still some more upside before i see a trend change in this pair. I would like to see EMA 12 and 36 cross before we can even start thinking of going long (on a weekly basis) Still we have a short term nice setup with a target @ around 1.11 (Weekley demand zone) Take entry ASAP on Pacific session, since the train left the station already (FIB38)...
Not a perfect setup yet. Some of the basic parts of the Norse strategy is there, but there is no perfect 4h Fib retracement, but we got there to day. Looks as the breakout (at 10am) has stopped, but I would wait for confirmation on a miner retrace before entering.
On the weekly chart we had a really nice looking Bullish engulfing candle exactly at the trendline. Using the Norse Overrun strategy, we a nice entry point at around FIB 38/50 at the 4h chart. But if we walk down to 1h chart we can still spot a few nice entry points.Using Bolling Bands retracement at the lower band. This is a trade taken already Entry one taken...
EURCAD is reaching the trade channel bottom and we should look for a reversal close to the Demand Zone @ ~1.31 With first target @ the First SupplyZone @ ~1.37 and a final target area @ ~1.40
Look for break north @ ~1.021 for a shorterm LONG position up to Supply zone. At the Supply zon enter short (see previous idea)
More downdise before we can see some reversal on the GBPUSD pair, since we just passed Demand zone on both weekly and daily. On weekly we broke DZ @ ~1.50, and then broke daily DZ @ ~1.48. Enter short at retracement on H4 SupplyZone (1.4675-1.4700) Try to time entry on H1 (or M30) Target on this trade is ~1.40. But i recommend to take 2/3 of your lots if we...
Wait for price to hit upper trend line/EMA36 in the supply zone. And enter SHORT. Time entry on H4 and H1 This i due to happen in end of week 16.
Bullish flag, with potential with a breakout above supply zone, High possibility of a reversal around drawn support line. Depending on how you count the waves there might or might not be a small a-b-c pattern before head north, so watch your entry by checking H1 and maybe even M30. Idea: Buy @ support line (~1.2450) SL:1.2410 Target1(SupplyZone) @ 1.2710 (sell...
Hitting trend line and previous DZ that just turned SZ this is a good indication that price will go down again. Down to target from previous analyze
Wait fore price to go down to B andthen go long at the corrective wave B. This wave looks to be the begning of the new uptrend in the major channel. Enter LONG at 4h retracement in DZ close to regression channel @ B. Add lot at first (and mabye second) ROSS hook confirmation pattern (1-2-3 wave). Set first target to Regression Line center, Set second target to...
Major divergence going on MACD this is an indication that we have a dead trend. As I see it the DZ @0.7465 is the start of the new trend. This new trend seems to be a corrective wave on weekly chart. Strategy on this trade: Aggressive: Place one BUY and on SELL order at reversal going on right now (check H1 for reversal pattern). Sell the long position at new...