Perfect scenario to enter the EUR/USD long, 1,12 is an important support zone and psychological border.
We follow the general upwards trend of the last weeks by opening a long position.
Target is set at the last structural zone.
Stop-Loss a few pips below the support zone.
High Risk Reward Ratio!
My last interpretation of the GER30 was wrong. I evaluated the general market conditions wrong. We are in upwards trend and should trade long. This is more likely to happen and so, better to trade. Since a few day we see a very strong index and will in long term view hit all time highs again. German fundamental market data are positive as well as European, despite...
I believe in a small rallye up towards previous structures, because of the breakdown last days.
That idea was not good. Never catch a falling knife..
Risk Reward Ratio = 2,14.
To me it seems pretty likely that the market will rallye up to previous structure and close the gap (it is not shown in this chart).
We see a strong bullish market that formed a V-formation. In the last hours we formed a small corridor of consolidation with a lot of buying pressure at the bottom edge of the corridor. Candles show that. Because of the overall upwards market trend I believe that we will continue this trend and hit previous highs in a while.
Risk Reward Ratio pretty decent with...
With point B we broke the upward trend.
Descending triangle formation
The red rectangle shows that there's much selling pressure in the market. The Stop-Loss is set a few pips above that level, but relatively high above it, because we saw high volatility lately.
There is also a certain probability of a long breakout and the triangle could also be seen as a...
After todays breakout out of the bullish flag (in d1 chart too), we generate a bullish buying opportunity, which follows the general upwards trend of the USD/JPY.
Since we are currently in a lightly overbought market (RSI close to 70) and after many big bullish candles in the last hours, we will be waiting for a small pullback to the level of about 122,85 which...
Following the 2618 strategy we might see a short opportunity in the coming trading week/hours.
Prerequisite: return on 0,618 level as entry point. Otherwise our Risk Reward Ratio wouldn't be sufficient enough.
First taget ist set right at the previous low structure level, second target further down at a big support level.
Due to the insecure overall political situation in Europe, plunging chinese stocks and industrial metals, the testing of the upper channel edge and a relatively oversold market, we may see another breakdown at least to previous structure level of at least 10700. Another support zone at around 10600 marked with the thin green line may also indicate a potential...