Key Levels: 1.0671, 1.1502 It is possible that the second wave ended at 1.0671. Also, the second wave rolled back the first wave by 0.786. We see that the price rested on the upper border of the corrective channel and for several weeks can not break it. Breaking through this channel will confirm the idea of unfolding the wave {3} or {C}. I think that the Euro is...
TVC:DXY So lots people believed that the US dollar would soaring by now. It may still BUT this interesting and accurate tool - ( that you can use from the Public Library from LonesomeTheBlue - called 'Divergences for Many Indicators ' ) says there no divergences yet. The numbered boxes add up the divergences which usually lead to a move. So the The...
Key Price Levels To Watch on 6E futures
6E Futures High probability to drop to the price 1.09005 EUR
The daily euro still holding strength I m looking to go long if one hour euro chart is showing a second bounce from Friday to continue upside all intra day trading
EURUSD moves up to main target at 1,1400 You can wait for pullback, but price can move up without any pullbacks. As for me, I will wait for retest of 1 hour support 1,11662. Other way I will do nothing. Anyway I you decide to trade, open only long positions.
Yesterday was good opportunity to open long position. I have opened one at FOREX EURUSD 1.1048 and hold it now. I expect, price higher at 1.1259 Write Your comments and push likes. Have a nice trades)
Looks like price want to explore under 1,2555 1 hour support. After that I expect main move up. Or it will go up right from here.
The bulls reversed the market up in two small legs (Jun 3, Jun 24) from the nested wedge bottom. Last week formed a second entry for a potential larger second leg up where the Jun 24 rally is the first. However this has not yet triggered and today is currently a bear bar near the low of last week. If this week closes as a bear bar, it will be a weaker buy setup...
Main Items on the 4HS Chart: a)Price has broken the descending channel b)Currently, we have a Flag Pattern above a relevant Support / Resistance zone c)Flag patterns are considered Continuation structures Based on that, we expect a continuation of the bullish movement towards 1.14750 IF the price breaks out from the Flag pattern. Daily Vision:
Last week formed a failed bear breakout, nested wedge reversal and larger wedge bull flag. However there is a tail above the signal bar and prices have been in a tight trading range. Prices are in the middle of a large trading range as both sides fight for follow through. The buying pressure has been weak since the April 18 bear spike. The bulls will need...
Day - Down Vol- Up Vol range - Down Anomaly: no Trading plan - SELL
Day -Up Vol - Int Vol range - down Anomaly POC close Doji Gap Trading plan - BUY
Day - Up Vol -Up Vol range - down Trading plan - BUY
Will be very careful to take profits quickly for any bearish trades I take because it's probably close to support. Much more interested in moves pointed up.
I've a bearish bias on the EURUSD based on capital outflow due to the low yield on Bunds vs much more attractive US treasury yield. In a nutshell I've short straddled FXE at 111 until Aug expiry and longed a 104/122 strangle until year end. Back in June 26 When EURUSD @ 1.165 I sold the FXE AUG 111 straddle for @2.70 with IV at 7.98. This gave me breakevens at...