There are two basic levels for short trade considerations. We have lots of news today, so let us see, what the market offers today. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
Based on my previous analysis in Eur, I am short here. Let us see... Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
I am convinced that this might be a potential signal to go short in Oil. It means, if 104.2 is really the real decision point, price should rotate down, where the first target zone might be around 97.6, which is a prior low and a potential second target zone might be around 92.0, which is a major support in the long term. Full analysis in my new blog post here:...
The Eur has broken down through the pivot 1.3832 with a nice long bearish candle, which is undoubtly a sign of weakness. I am interested in the entry at the re-test of the pivot, since the action above 1.3832 might be a bull trap. Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
A very nice price action has formed at around 1.6680. Since GBP remains strong, I speculate on another re-test of current highs. Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
It looks like a nice opportunity... Petr
SCENARIO #1: The price finds itself at a very interesting level around 1.3854, which is a 61.8 Fibonacci retracement ot the downswing. The first short opportunity might be emerging just now, so I would be interested in any retracement up showing some kind of weakness to enter short. Target for this setup might be at 1.3750 and 1.3670, in my opinion. SCENARIO...
SCENARIO #1: Since Euro breached 1.3822, which was a significant resistance, we can play a simple bounce off of this level, which has become a support now. A clear bounce might be a confirmation of strength continuation and then the price might head towards the major resistance at 1.3968. This level should be also an ultimate target for this long...
HAVE YOU NOTICED HOW SaP RECOVERS FROM EVERY SIGNIFICANT DROP? I THINK THERE IS ANOTHER OPPORTUNITY TO GO LONG NOW, SINCE IT SEEMS THAT THIS INDEX HAVE REFUSED THE 1830.00-1840.00 AREA AGAIN. Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
THE HEAVY SELL-OFF OF 1.3950 IS TELLING ME THAT EURO IS NOT WILLING TO GO HIGHER OR AT LEAST THAT THERE ARE STRONG SELLERS AROUND THAT LEVEL. MY BIAS STILL REMAINS RANGE-BOUND AND I LOOK FOR ANY IMPORTANT LEVEL TO GET INTO A POSITION. NOW IT TRIES TO RE-TEST THE 1.38-ISH AREA SO WE WILL SEE... IF PRICE CLOSES STRONGLY ABOVE 1.3800, IT MIGHT BE A SIGN OF STRENGTH...
Let us see, what the market offers today... Petr
Hey, it looks like #1 scenario according to my previous analysis (watch: bit.ly) is in action. I will try to re-enter at the lower boundary of the consolidation. In the chart you can see a pure example how I define my risk. Happy trading. Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
Hey, it looks like SP is making a double top! Of course, this index has been very strong, but this might be a nice intraday opportunity. Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
LONG SCENARIOS #1: A re-test of 1.3748 showing some kind of weakness for the bears is a very nice opportunity to go long not only for an intraday trade, but for a swing trade also. #4: In case of an upmove with a strong close above 1.3820, there is a clear way for Euro to go even higher, this scenario might be a nice confirmation of a swing trade based on the...
Now it looks like the EURUSD has been refusing higher prices. It has made a false-break of a 61.8 Fibonacci level of prior downswing, so there is some room for a further drop, in my opinion. Petr
Today EURUSD has been quite strong and I suppose it might remain strong, so I am willing to buy it again a bit lower. There is a very nice level to buy with a confluence. Note the lower boundary of the consolidation, which is also a daily pivot. Petr
EUR IS NOW OVEREXTENDED, MAYBE A SHORT SCALP MIGHT BE HERE... Petr
I WILL WAIT IF THE PRICE RETRACES TO THE LOWER BOUNDARY IN ORDER TO ADD TO MY LONG POSITION Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly