Basically the same idea that I posted last week about the Bearish Divergence in $DXY but more time has passed, and it looks even more pronounced in the Euro itself. Pick your poison: /6E, /M6E, EURUSD are all good Long candidates to play this idea. Another good option could be to short /SFX - which is the Small Exchange's US Dollar Futures contract. If you don't...
SL= last low target 1= fibo 61% 1.1440 target 2= fibo 161% 1.19000 (close 50% of your buy in tp1 then close rest in tp2 reach tp2 can take 20 day) dont close buy soon with little profit, give minimum 7-8 day time for grow ADVICE= eurusd break red trend line =buy signal for pro traders ,,so until fibo 61% dont open sell (it can fly up wild) ,...
In the chart published, the marked area with a green box is a great area to look for long opportunities as long as price shows us a confirmation for a trade. It is rather a big zone so lowering to the smaller timeframes would be wise in order to get a better entry. 1hr must first form bullish market structure or reject multiple times the marked area in order for a...
Hello, Risky buys (Reason EU and DXY passed monthly zones , and pull back chance is 75%) Conformation for buys will be: DAY close above balance zone. After it will happen we will share best zones where to buy (or add) more long in mid-term perspective. ------------------------------------------------------------------------------------- Always look for...
Hello, Our previous trading idea hit all the targets! EU (also GU) now in potential reverse zone, in order to confirm that we need to close a DAY above Balance. But since we are still in BEARISH mood, we will try to take shorts :) ------------------------------------------------------------------------------------- Always look for reactions on this levels before...
Hello, We are still in BEARISH Momentum UNTILL we set above Market Maker Balance Zone, So now we look ONLY for SHORTS from: 1- Market Maker Balance 2- Market Maker Defend ------------------------------------------------------------------------------------- Always look for reactions on this levels before you execute the...
Markets will see the lower end of the Range - Trade and Fail. Wall Street always get their Fills. The DXY as indicated will put immense pressure on everything with the 9465s heading our way. We will continue to PRESS GBP and 6E positions - which remain our largest single SELLS. Into the close we close 12/20 GBP / 12/20 6E. Nice to see this trade perform as...
The European Union is setup for yet another series of Defaults. After the Cypress Test, the Greek Crisis and Italy, France, Spain and all members of this dysfunctional Union. It can hardly be referred to as Economic as it remains the most dysfunctional series of entanglements ever created. Nationalism - is gaining traction once again, having failed miserably...
August is a Pivotal month for Geopolitical Events which began gaining momentum in March of this Year. The Economic crisis is a large contagion spreading throughout the European Union. The inability of the EU to continue buying Debt from its member states is clearly grinding to a sudden halt. Pressure to break up the EU is mounting in both scope and scale...
Hey everybody. I am a Daytrader and I do effective market analysis based on price and volume. Yes, really effective and you will see that ;) I have a complex system of analysis, unlike that primitive volume analysis, which is described everywhere on the Internet. Not to mention other garbage analysis methods, like graphic, candlestick, technical, waves analysis...
I just read an idea posted in Tradingview that this is the time to buy the EURO. As well there is a lot of chatter about Gold being a gift at these levels. This big move started this week. I believe its too soon to take a position in either one of them. This is not to say there won't be backtests as investors rush in. Looking at these daily charts gives you...
EUR pulled back to 4h MA50. We are coming up on the Memorial Day holiday which will keep markets closed on Monday, May 31. That could bring some added volatility with traders readjusting positions ahead of the long weekend, as well as critical data coming up next week, including the May Employment Report. Fundamental analysis With 50% of the U.S. adult...
Covid has largely taken a back seat on markets expected to be fully open this summer. The situation is not as bright in some other parts of the world but for now, investors don’t seem overly concerned. Most Western countries are on a similarly positive track as the U.S., but as we are learning, bringing the global economy back online is a lot more complicated than...
Exploding consumer demand has helped usher in material and labor shortages that are not only driving up costs and fanning inflation worries, they are also reducing manufacturing output. Fundamental analysis That means fewer pieces, parts, and finished goods sold all the way through entire supply chains. Companies may be able to offset higher costs and lost sales...
I believe EURUSD has some margin to go upwards. In this regard wave (b) of (abc) has started and is presumed to retrace up till 0,618% level. The white lines from (iv) edge is the WOLF WAVE. Will see how it will work out
Be ready for long upon completion of (a)-(b)-(c) corection of (4)
Looking at the chart of the euro futures contracts we may spot a possible Elliott Wave Pattern labeled as 1 to 5. It is a potential impulse wave that may soon come to an end. The theoretical resistance for wave 5 is set by 161,8 Fibonacci expansion of wave 1 placed at the end of wave 4. If this area is defended the market may retrace back as potential wave A in a...
After a convincing close above 1.17818 we are aiming 1.1808 as the next target, and there is a great level to lean on for a long.