Very strong downtrend on monthly+what FED just did, I think it's crystal clear that we will follow downtrend for at least a couple of months. Short @ 1.2, TP 1.17-1.16-1.12, SL 1.225.
In the chart published, the marked area with a green box is a great area to look for long opportunities as long as price shows us a confirmation for a trade. It is rather a big zone so lowering to the smaller timeframes would be wise in order to get a better entry. 1hr must first form bullish market structure or reject multiple times the marked area in order for a...
Still short @ 1.1540 just before the breakoout, however a new swing has started so wee will be tageting P4 but watch out for a possible fail at the 1/2 or 5/8 area. The 5/8 area has an old low that could offer support around 1.1180. Anyway be safe and wish you the best in this upcoming trade.
After taking a small loss on my last trade, this opportunity appeared. Noting that 1520 was unlikely to be penetrated based on point & figure charts and a bullish divergence bar on the 30m TF, I went long at 1.1526. Hopefully this turns out better as I start the week up 51 pips and will continue to hold for the rest of the week until 1.1700 is tested.
Went long at 1.1640 with projected move to 1.1735 which is also the 50% reaction point on the weekly
Failed for two weeks to counter trend at 33% area Sold out longs and went short as per chart
The squize candle touch the support area and go Up. this a powerfull support area.
6E is on the powerfull Up trend this day, will be stop and go down on the support area to go Up again.
Normally you can expect 200% from a double top but in this case confirmation came in at 150%. A test of 50% is needed shoulld the downtrend want to remain in place.
I'm sure the Europeans will be excited to wake up and see the the Euro is out of the basement. Of course makes sense that this would happen while they're all sleeping. Thanks Asian session buyer?! Down channel is now broken. After pausing at a Point of Control (not viewable 6 hr chart) - its picked up steam and heading to towards this POC only viewable on...
May '22 bottom around .12xx, March '23 top of triangle then breakout to tgt...if you don't mind to roll over...:-))
Hello Traders In the absence of today's close to analyze volume. the euro/dollar future is still short, at least that is the information that the volume indicator says. The fast volume indicator just gave a short signal, also the slow volume indicator confirms the short trend. If the price closes below the 38.2% fibo there is a good chance that it will go for the...
Hi Everyone, Waiting for a Break-out. No comment!!! Good Bye and Good Trading!!!
Let's wait for a "U" turn. still looking to upward
Easy buy for EUR next week. Let's see how my plan works for a long swing trading opportunities ! Please set up your SL, once it works I would spread my cost in at least 3 buys to start swing trading.
Seems it is the End Of Consolidation based on the current market structure and context. So Aim For 1.186
The overnight Comex Futures market just watched 4 Billion worth of Gold Contracts get liquidated, in a low liquidity market causing a Flash Crash. This was 24000 Gold Contracts. You can read about that in the attached chart at the bottom. So what happened? The US Dollar Index (DXY) spiked blue on chart. This caused the price of Gold to go down, as well as the...