VizFact-TheDude

VizFact-TheDude Updated 

We have a situation. We're bearish EUR/USD - at least temporarily. The Situation: We’re bearish below 1.1062, however, if price gets that high it invalidates our idea for a short-term bear trend. That said, we like short spots below 1.1011. Bearish Techs: Bearish Divergences present in the Daily MACDizzle, MACDizzle Histogram, RSI, and Slow Stochastics. RSI...

VizFact-TheDude Updated 

The Situation: Price has stopped falling, and bounced out of a key support zone of 1.3320. We think price can go higher and perhaps test out 1.3520 and maybe 1.3570 and 1.3660 before long. DAILY Techs: Bullish MACD and other stuff on the daily charts. The Daily MACD histogram is positive and bullish the oscillator crosses ain’t bad either. Price bounced from a...

VizFact-TheDude Updated 

Opinion: Really like the price action maintaining its improvement. Think price can go much higher. Recommendation: Long with stops at 1.0875ish. Stops: Identified an intraday support zone at 1.0880ish which seems like a safe region for stops. Safe meaning that if the price goes below that region, the idea would be invalidated for a small loss. Risk: A violent...

VizFact-TheDude Updated 

Idea: I think price goes up more. Opinion: I think we're hanging out in the right armpit of a Loonie Head & Shoulders formation. It's easier to see on a weekly chart. Also, we have a daily support zone marked at 1.3381. The Situation: Executed a long position over 2 hours ago at 1.3385 with stops at 1.3375, which were immediately challenged by price...

VizFact-TheDude Updated 

I think the price is going down. Price failed to sustain presence over our marked daily resistance zone at 1.0795. Price targets: (Support Zones) 1.0642 & 1.0495 in extension. Situation: Short at 1.0789 Stops on Entry: 1.0815. Marked Daily Support Zones: 1.0714, 1.0642, 1.0578. Marked Major Support: 1.0642ish Recommendation: Take partials in target...