Market opened with gap up and continue the upward movement until 1.1380.
We will continue to follow our main plan but there could be a chance to enter long again.
The price is actually trying to fill the gap and we see a buy opportunity around 1.1300.
This week will be very risky due to "brexit" so be carefull and ...
After downside move we touched the bottom of the channel.
Price formed good ratio for a crab pattern and the current price rejection could consolidate our bullish setup.
Waiting to see daily candle to close.
Downside below 1.1100
Lot on news in play right now so trade with caution.
As you can see from the old post (related idea) we reached our 2 shark target.
Now the priced has retraced around 1.1307.
If the price reverse here there're good chances to reach 1.1620, if not it could reach 1.1200.
I'll be patinent and wait for a good signal to buy.
It is not really likely to happen but i will give a try to this setup.
The prices fell below major supports and it seems like it will go further down (1.0850 - 1.0800 - 1.0700) but there's a little chance it will resume uptrend from now.
SL at 1.0900 (1.0880 max)
Now let's wait for the price when the market will ...
After friday decline EURUSD is trying to recover ( actually facing weekly pivot ).
I'm already LONG with a position opened at 1.0816 TP1 around 1.0920/.0930 (first weekly resistance).
Since in medium term i'm still bullish i also have a second target at 1.1045 ( if EUR will break above the red line).
If the ...
EURUSD declined after FED talking about rate hike in December and Draghi QE.
Price dropped till 1.0674 yesterday then closed back at 1.0723. I expected the price to touch at least 1.0650 but it seems like the price is already trying to reverse.
Further fall is still possible and it will be a new Draghi speech ...
Past days price moved downward and i was waiting for EURUSD to touch the bottom of the bullish channel but it failed.
Today the price finally made some moves UP.
Depending on today close i will follow this plan. I can see a potential ABCD pattern or a bullish butterfly developing with a lot of chances to enter good ...
Last week EURUSD completed the pattern.
I'm still bullish on this pair and i expect at least retest of the 1.1650 - 1.1700 area or an extension to 1.18 first followed by 1.24 - 1.26.
I entered long at 1.1180, but further downside is still possible ( i don't like last weekly candle ).
let's see when market opens. ...
Last week EURUSD confirmed most of my view and resumed the uptrend.
I expect it will reach at least 1.16000 in short term.
remember: this is just my current view. everything can still happen
In the past hours EURUSD broke 1.1010 and now is facing 1.1130.
the chance of a shark is almost gone but it seems like EURUSD is following the crab well.
There're good chances of touching 1.1200.
I draw a possible pullback area.
Last week the price dropped as expected reaching the first "buy zone".
looking at thursday and wednesday price movement and news it seems like the crab CD started but a daily close above 1.10100 (or better 1.1130) will make the path more clear.
There are still chances for a drop to the 2nd buy zone if the price ...