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This week is marked with event risks for the Euro. Im going to use a harmonic set up to help me get short the Euro. This will both allow me to get short the Euro which I have a short bias against and use a harmonic pattern to get a good entry with technical factors in my favor. A break below the "c" point which is the most recent low of the pattern would...

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Two different patterns that both point towards a retest of the low. I would prefer to get in at a better price so I am placing a pending at Friday's closing price and looking to get short once the gap closes. Good Luck

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The EURUSD is clearly in a downtrend but since its been in a downtrend for such a long time, we have to pick our entries carefully in order to not get stopped out on relief pops. A relief pop is a countertrend move that is caused by people taking profits and the market thinking the price is too cheap thus more people enter on the other side of the trade. I have...

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Got stopped out on the number here last week. I took another short at 1.5220 with a 1.5275 stop and a 1.51 first target. I'll be moving my stop to breakeven before the first target is hit though. This pair could have time frame continuity which means multiple time frames show that same analysis which will help boost momentum. Good Luck www.fxtradersclassroom.com

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This pair has put in a pretty nice ascending triangle. Technically, this pair should break lower. I'm looking to enter on a break and close of the triangle. The target will be equal to the height of the entire triangle. I will update later once the break has happened. Once it breaks I will tell you my targets and entry. Stops will go above the most recent high....

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The bull flag for this pair just broke to the top side which puts targets at just above the 1.11 mark. This would be the completed ABCD pattern and the 1.618 projection from the previous leg up

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This pair has been pushing up pretty consistently on a rather uneventful and boring week. That's not too uncommon. What this has done is push into an area of fib confluence with EMA and horizontal resistance. Between 1.52 and 1.5215 we have the follow levels to break: .382 retracement of larger leg .50 retracement of smaller leg Horizontal Resistance ...

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At the current moment it looks as if the Fed and Boe could be headed in opposite directions. I'm looking to get short this pair. The 1.50 level will provide some support but once we break through that it should open things up to continue to push downward. I'm looking for a pullback to resistance and then a short. I have three targets that culminate in a retest of...

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I dont usually look at time frames above the daily since I trade intraday but occasionally looking at the higher time frames can help make heads and tails of the short term moves. It looks like a cypher pattern has just completed on the EURUSD weekly chart. Targets would be as follows: Target 1: 1.1129 Target 2: 1.1353 Stop would below the "X" point Risk reward...

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Two harmonic patterns currently forming on this pair. The purple pattern is an ugly looking Gartley. It has already completed and you can currently get in at a better rate. However, Yen pairs seem to be working independently lately so we could be pushing higher. A push higher would allow the Bat pattern to complete. Either way, there seems to be some resistance...

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After last weeks NFP we got a huge run in the EURUSD pushing it almost all the way to 1.07. However, even with this push, this pair is in danger of carving out a bottom and creating a higher low. Until the low is taken out from March at 1.0461, you need to at least be aware that there is potential of a higher low being put in. Keep an eye out. Good Luck.

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1.08 is the make or break area for EURUSD. It is lingering just above this support zone before Friday's NFP release. Keep in mind that a break of 1.08 could really accelerate things. I wouldn't expect this pair to break this support before the NFP as traders will mostly sit aside and wait for the biggest news release of the week. Enjoy my waterfall drawing below...

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A recent break of the neckline in this H&S pattern points to a confirmation. Breaking and closing below the 80 level would give this neckline break a lot more validity. Our target here would point towards below 78.

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One of the most basic forms of support and resistance is when a former resistance area becomes support. In this pair, price finally broke above the year high since the SNB pulled the rug out. In this instance, I will definitely look at price action as it reaches this area. SNB has said before that a weaker CHF is better for the economy. Really long term, I think...

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The FX:USDOLLAR Index it at horizontal resistance. However, you can see that we are beginning to put in an ascending triangle. Typically you would look for it consolidate some more and bounce again off the trendline before breaking high. A break higher would put the target as the height of the ascending triangle. We talk about this in the Weekend Preview here:...

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We have a bearish Gartley setting up here. Would be a great place to enter short. Good Luck Please share your comments or ideas

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The pair has tested the .8675 level on a few occasions and has been rejected both times. Looking to short with a great risk reward. Keep risk management in mind. Good Luck Please share and comments or ideas.

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Pair is putting in a nice head and shoulders pattern right now. We visited this pair at the beginning of the month when it was around 133.10 and alerted of a possible head and shoulders then. Look to see what happens as we near the neckline of this pattern. Good Luck Please leave your comments and ideas below