EU LONG ! 8 out 8 wins! Partials Taken on this trade! Manufactured liquidity to be taken out. I will target highs. We had an asian sweep. Price action has IMB above and below. 8 out 8 wins for the empire team! Trade management and having a solid plan is the key to be successful! Lets see what more opportunities presents itself.
EU
Eu Long currently running 3%Eu Long running 3%. Waited for price to do asian liquidity sweep! I entered on the 5min time frame, Waited for a break of structure. Scroll below to see entry! Partials taken, capital is protected. Trade management is the key to success in trading. Price action still has the potential to come down to the back of the 1hour buy range. If this PA takes me out, That is totally fine. i will look again for another entry. Trade safe and consistent!
bullish eu10years yieldIt is time for the next cycle in bonds to develop.
bond yield on bonds of the european union is likely to go up again according to this cycle.
bond yield goes up means, bond prices are going down, which means bonds are being sold as demand on bonds lowers again, while demand on stocks rises.
what does that mean for forex ?
this means a rising EUR!
EURUSD- NFP THRILLER.Well.... yet again it was not my final post, so from now on I will not bother saying it... Here we are harmonic completed and NFP coming up, can we see price rise to our targets to secure more profits? We will see. One thing we do know is NFP is gunna be a helluva ride. Enjoy folks, and I hope my analysis was helpful this week.
EURUSD Buy the dip.EURUSD - Intraday - We look to Buy at 1.1848 (stop at 1.1829)
Broken out of the wedge formation to the upside.
A lower correction is expected.
Pivot support is at 1.1847.
We look to buy dips.
20 4hour EMA is at 1.1848.
Short term bias is bullish.
Our profit targets will be 1.1898 and 1.1908
Resistance: 1.1880 / 1.1900 / 1.1920
Support: 1.1860 / 1.1850 / 1.1840
EUR/USD, where is the next target?The trend is super bearish, no signs of a bullish reversal can be noticed for the moment. We are expecting the price to break that falling wedge and keep dropping till the 2021 low. It will take a bit of time, as some pullbacks are anticipated, but we will eventually get to that price mark.
Happy trading, everyone!
Don't Miss This Buy Opportunity For EURUSDThe Godfather of Trading... EU.
Analysing across DXY and the USD in general, I can picture a bearish week for the Dollar ahead, given the last 2 weeks have been showing consistent bullish pressure, I think this week the bulls will run out of steam. DXY may be heading back to 92.000 or lower.
I think DXY crashing, will provide the bullish momentum that EU was after. Further to this, EU is approaching this months support, as you can see from the left this support has been used as major support before, previously used in April of this year, and EU bounced off this perfectly. We may see a similar pattern here and see EU bounce to 1.2. I do not think this is something that is impossible and certainly do see it happening.
It might be worth going after a long swing on EU and adding longs from the beginning of the Trading Week and holding out until 1.2 as your TP. Bare in mind News might also have a heavy part to play in the direction this swings. Also bare in mind, if EU does break through its Monthly Support we may see downwards momentum continue throughout this week, however this does look very unlikely given what has happened in the past, and as the famous saying goes "History Loves To Repeat Itself".
Thank you for taking your time to read through this and I hope this helps you!
EU Bull Pull BackThis chart focuses on the Forex Option Expiries as published; the green dotted lines are Mondays, and the orange is Tuesday, the low range is about 750M, and all others are 1B+.
With the dollar currently being strong and equities doing well, I struggled to wrap my head around this potential bull pullback. However, a brief taking of the profit for equities and subsequently a drop in the dollar makes some cents, and I am inclined to think the big boys will not let those "B" targets go to waste and then the bucket would be filled.
My crystal ball isn't at all clear on this however it's what I am plotting.
EU Sell the resistance.EURUSD - Intraday - We look to Sell at 1.1959 (stop at 1.1981)
Daily signals are mildly bearish.
50 4hour EMA is at 1.1950.
Pivot resistance is at 1.1970.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 1.1896 and 1.1882
Resistance: 1.1940 / 1.1960 / 1.1980
Support: 1.1920 / 1.1890 / 1.1870
EURUSD Upcoming ShortAnalysis done on the daily timeframe. I see EU either retesting the 1.19150 area of support, or heading straight up into the upper pink zone once the market re-opens. Either way, I'll be looking to sell from the resistance zone 1.19890 (with confirmation of course) and aim to see price revisit the bottom trendline.
Updates to follow, follow me to see them.