EUR/USD Long.. againStopped out on first entry, sending another this time with a bullish gartley & 200 EMA on the 4h - possible TL breakout
EU
Johnson's threats and pound fail: earning moneyYesterday Boris Johnson turned British politics upside down.
By the way, labour market data came out mixed. On the one hand, claims for unemployment benefits increased (+ 28,800 versus + 26,400 in October), and on the other hand, employment rate was higher than expected (24,000 with a forecast -14,000), and unemployment rate turned out to be better than experts expected (3.8% with a forecast of 3.9%).
Johnson stated the need for the legislative establishment of the deadline for the transition period, which is intended to coordinate and adopt a new EU trade agreement. We are talking about the end of 2020. The fact is that the development of a similar treaty between the EU and Canada took 7 years. And Johnson offers to do it in a year. Since this is practically unrealistic, as the EU representatives have already stated, the markets took Johnson’s position as a signal that exit without a deal ( so-called “hard” Brexit) is again becoming a real alternative.
As a result, the pound dropped below 1.31. Since our position on the pound was extremely clear - to buy, it is necessary to explain what to do now in the light of such information.
Well, to start with, our position has not changed, and a decline in the pound is an opportunity for cheaper purchases. It is necessary to clearly distinguish Johnson’s words from Johnson’s actions, that is, what he is saying and what he is doing. Recall, we prefer to work with facts. So, the truth is there is an already developed agreement Johnson has also the parliament is under his control, that is, everything for a successful Brexit.
As for the inconsistency of his words and actions, then keep in mind his rhetoric in September-October: no delays after October 31. But, the agreement with the EU and the postponement of Brexit until January 31, 2020. So we will continue to buy the pound and consider yesterday's decline as a gift from Johnson. The only thing to keep in mind is that locally the decline may continue today until the 1.30 mark. Given the rate of decline, the chances of reaching this base level for the pound are quite large.
As for our other positions, they are unchanged: we are looking for points for selling the dollar, the Russian ruble, we are buying yen and gold.
EU QUICK UPDATE FROM PENGUINS VIEW:) EURUSD 17/12/2019
Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
GOD BLESS U ALL!
EURUSD Short LIMIT order and scalping tradeHello dear Traders!
Idea based on monthly CME borders, which u can see below or in my profile.
EURUSD did it's movement for this month and it's already getting delta and volume for a shorts from big players.
Till now we have a KEY point at 50% of maintenace level. If America Session will close below this zone, i will start to look for SHORTS trades.
In other hand we can see a new Bullish Impulse, than the key factor will be weekly zone!
I prefer scenario #2, since ratio will be at least 1:5!
EURUSD Montly CME Borders till 03.01.2020Here is the Monthly CME Borders for EU
Remember that if price goes above or below zone with 80% probability it will come back inside before expiration!
EURUSD Weekly CME levels till December 13Hey Traders,
Here is the levels map for EURUSD, taken from CME and Central Banks
1- We have Daily/Weekly Range based on ATR%
2- We have CME option levels till December 13th with Max OI
3- We have margin zones for bullish impulse!
Look at the price action! This levels have 80% probability of given good impulse!
Good luck :)
EURUSD Weekly/Daily Boundaries + CME weekly levelsHey Dear Friends,
Here are my weekly and daily levels via ATR%+ CME
For now we still have bullish bias, since margin zones was not broken yet.
AS U ASKED, i will post level's numbers here
Day Range
High: 1.10934
Low: 1.10199
Weekly Range
High: 1.11712
Low: 1.09419
You are welcome :)
EU QUICK UPDATE - DAILY PLAY WITH PENGUINS :) EURUSD 3/12/2019Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
PIG in the box - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
Check our YouTube for more sauce :)
GOD BLESS U ALL!
EU: Wkly trade setup Last week we had posted a suggested long setup which reacted perfectly in the zone shown for long entries. The weekly region of support is something to keep an eye on. On the daily timeframe, price has pushed down since the double top, and now currently a double bottom. I didn't enter this trade last week but well done to those that entered on our bias and suggestion. Looking forward to this week, I'll be watching a zone for entry that will be present after a new lower low is invalidated (we're still in a downtrend). This week remain bearish to the psychological of 1. Feel free to ask any questions below.
EU to end lower for the week 02/12/2019the price action looks bullish on the daily time frame.
A correction of the last two weeks down trend is possible but it could be short lived.
Watch out for price stalling at the support area from two weeks ago. Just before it broke down.
EN: Long setup Looking to the zone shown to enter a buy position. I think ther eis still downside for the Euro, but we can then enter long and take advantage of support while a market is queit and we can enter after a spike to the downside taking out longs where we can then enter long. The entry for EUR/NZD will be posted on our page so stay tuned.
EU: Daily updateWe are remaining to watch the zone colored green for an entry long on this contract for EUR/USD. We're expecting a downside rejection but until price has reached the lower 1099's we'll be looking for an exact entry. As always stoploss, entry, and targets are provided live when we enter the trade on our end. Stay tuned to our telegram channel for updates. Keep in mind that it's thanksgiving.
EU: Weekly long setupEUR/USD Trade setup update: After a 20 pip move up yesterday, anda 20 pip move down today, it's tuff to remain patient with no price action. However, what I've seen is that thursday/Fridays are usually the busiest during the weeks for FX markets right now so don't give up this week just yet! Patience is key this week. I want to make sure it's obvious that when we don't publish trades there's a reason. We don't publish trades to force you to begin to trade when the markets opportunities are ready for execution, and not just trades that are placed simply because it's "tuesday". Not taking trades is just as an important as to knowing how to trade in the first place. Staying out of the market when it's not moving.
The Euro has tapped our zone where we're looking to buy, however we;re looking to buy at support and test the bottom of 1.099 where we will look at specific longs at this price.
EU: Downside weekly target (neutral setup)Watching 1.1 very closely today for either a rejection to the upside where we can take a long trade, or a break-and-sustain of the price shown in the chart. Being dynamic to either a long or a short entry on a contract for the Euro right now with this structure is key. There are confluences going in favor of both biases, with net short and net long positions right now currently split down the middle. This will be easy to watch for an entry. We use the client sentiment published by multiple brokers combined with options data for expirations this week to gauge reasonable downside targets. The downside target given represents over $1.5bn in options expiring tomorrow on the 27th of Nov at 10am est (Source: Bloomberg Terminal)
EU: Weekly price to watchWe'll be looking for an opportunity to enter either short or long on the Euro dollar early this week, as price has reached a key-level, a retracement zone, an area of supply, and a trendline. We are prepared to take either side of this trade.
