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.
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Thank you for your attention,
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GOD BLESS U ALL!
EU
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.
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 $1.5bn in options expiring tomorrow on the 27th of Nov at 10am est (Source: Bloomberg Terminal)
EU: Weekly long setup 1.1 on the weekly showed a well-defined rejection of the now-current weekly support level of 1.1. Down to the daily, an obvious morning star formation on the breakout of the zone we were watching all week for longs. This was an easy setup to take as the amount of demand at the price has been proven. Those who missed our suggested entry last week can use this chart to secure a long position this week.
EURUSD Long Opportunity with Short Limit follow upHello dear friedns,
We have an interesting formation on EURUSD right now. Price gave us a pretty ZONE where people will go for LONGs, this is the place where we expect our provocation to accure.
MY SELL LIMIT ORDER IS
Sell at 1.11222
Sl 1.11475 (25 lots)
TP 1.10170 (105 lots)
RR. 1:4
IMPORTANT!
Im not predicting the market, and trade will be adapted to the current situation of the market which will be at that time. So please follow up the idea ( i will post the changes)
HOW TO CALCULATE THE LOT DEPENDS ON YOUR DEPOSIT
Do not invest more that 3% of the ur deposit
Example:
Your deposit is 1000$
3%=30$
Lot=(3%/sl in pips)/10=(30$/25pips)/10=0.12
About the LONG Trade
we have a visiable local minimum - its the place where majority of trades will open their trades
We have to wait a pullback with strong impulse ( Look at the chart liquidity box near the local minimum should be broken)
EU Trade Setup: Nov Wk 3 BiasWe'll be looking for long trades early in the week from EU, which will either be a short term or long term trade depending on how early and easily we can get an entry. As posted last week, our downside target of 1.1 is within 20 pips from current prices. The current long zone shown in the chart is supported by confluences including fibonacci zones and a key level of 1.1.
At the moment we look bearish, including the daily time frame. However, we expect to see support at the zone colored yellow.
If this rejection is big or not also includes the probability of rolling to the downside. With this in mind, we will wait until price action has developed and the market is trading over 100% of the normal volume.