It is the third time within three months, that the hourly time frame has a wide GAP between closing and opening price. However the habit of this EURUSD is to firstly pass is and then close it back. Would it go up until a threshold (that in my point of view is 1.11) and then back to close the Easter GAP even this time? A sell limit to 1.11 could be a good level....
Once the ABCD Bullish pattern has been reached, AUDGBP is facing a testing time. The break of this level would suggest a bull pattern for the next week. What to be aware? The Reserve Bank of Australia meeting on Tuesday could confirm the Long entrance at 0.523, contrarily place a sell order at 0.517.
Enjoy the weekend
The breaks of Pitchfork`s channel gave us an Idea to how GBPUSD is probably going down during this week.
Hoping that BOE does not follow the European competitors by changing the interest rate during the Thursday conference, and following the forecast of -0.1% about US unemployment rate, a SHORT position is worth to be open, trying to close it in profit before the...
Positive trend line confirmed on USDCHF. Long entrance at 0.952.
Hoping the tomorrow USD fundamentals will help as support of this long position.
Be aware!
EURUS is rallying around this pair level. The 1.137 is the true value of EURUSD in my opinion, that`s why it is not worth to open position at this time. The market is still waiting a final answer from Brussels (with a clear idea of what the Greece is going to present) and, on the other side, already knows the interest rate expectation on US.
Hoping that Draghi...
Given a monthly time frame, the actual price has to be considered the best price ever had on the market for this pair. Even if technical analysis is not helping on this frame, my opinion is founded on a strong historical support. The idea is to BUY small sizes and keep it for a long term trade.
Keep calm... no Aware. A this time I have to be patient!!!
Gold reached a cheap price. A good reason to go long is even the breaks of the Pitchfork, meaning trend reversal. The best would be the reach of the upper trigger line as TP. However, since the time frame is long, I would close the trade even before.
Be Aware!
GBPUSD is describing a descending triangle on the 5min time frame. However, I would wait until the US unemployment claim at 13.30 (underestimated during the last report) in order to short this pair.The 1.545 could be a good shorting point for the short term with TP1 1.544 and TP2 1.153. Be Aware!
Greece is dealing in a way that make the EURUSD a roller coaster. While someone is enjoying the sudden falls and rise, others prefer to watch it from behind. I am the one who seek the risk by stopping losses and trailing stops.
Given the last news and the uncertainty around the Greek debt, EURUSD is going to entertain the bravest traders. I would wait until a drop...
It is probably time to go short for this pair. However, the 14.30 meeting with the unemployment claims has to be followed. I would short for a couple of minutes. Good Luck :)
Once the Long positions have been closed (WITH HUNDREDS PIPS IN THE POCKETS :D), I should only wait some other signals from this crazy EURUSD.
USA and BOE are helping the weak Euro and Greece as well. However, looking at the near past, this are good level to short EURUSD. Be AWARE!!
Given a described Uptrend, EURUSD is trying to recovery its value. The 1.262 support is strong enough from couple of days. Will the EURUSD reach the resitence on 1.139 closing the gap? Or bouncing again back on the BLUE Up trendline? What do you think about? I go short for a intra-day trading but the long-term advice is Long for the next few days.
Given a described Uptrend, EURUSD is trying to recovery its value. The 1.262 support is strong enough from couple of days. Will the EURUSD reach the resitence on 1.139 closing the gap? Or bouncing again back on the BLUE Up trendline? What do you think about? I go short for a intra-day trading but the long-term advice is Long for the next few days.
