- bearish bat - TP 1,2 and 3 set at .382, .618 and 1 fibs respectively - expect TP 1 to be hit, however 2 and 3 I will have rolling stops on. - considering that I want to place 3 targets, I will wait for a confirmation around the D leg of the pattern. goodluck!
I painted a more optimistic path but as you can see the last weeks could be seen as big h&s and it could likely fall to 0,80 or even lower. If you look closely you can also recognize that if we have a optimistic path in short term to the purple B the C has to end around the 61,8 fib zone (better would be around the green support line) ... otherwise the purple...
Risk: Medium Please be advised that this is only an idea, so you are responsible for any losses yourself. Dear followers, First of all, many thanks for following and liking my ideas. As promised I provide you with some penny stocks today, but for the most part I keep focusing on the crypto analyses. Education: Do you know people who had to leave their...
- Bearish cypher - Following the current trend - Going to have T2 extended to 1.618 fib - on the daily timeframe a half decent rejection wick but not convincing enough for me to hold a short for long on this pair. - Rsi remains bearish on all time frames except the 15min chart (for now :P)
Placing a short order @ 1.195 for a scalp during the overnight session. I will update this idea if filled or not.
The zone between $1.191 and $1.19 is an area where there will likely be some strong buy orders. I will be looking to get long in that area and ride out a short-term up move toward the $1.1935-1.195. There is no major economic news to look out for until Thursday 1/11/18 when the EU GDP figure is released.
At 5am EST EU unemployment data is coming out. This may set up a trading opportunity in the U.S. session tomorrow, Tuesday 1/9/2018. Price is currently sitting just ahead of an area of support between 1.195 and 1.1935. I'd like to see buyers step in around that area, perhaps as a result of the unemployment figures. If I see this I will be watching the 1.2 figure...
EUR/USD is extending downside for the 2nd consecutive session after upside was capped below strong trendline resistance. The major has breached 5-DMA support at 1.2033. Bias lower. Technical indicators on daily charts are turning bearish. RSI has shown a rollover from overbought levels and is biased lower, while Stochs are on the verge of a rollover. We find...
Price is closing in to a strong support line(not the one that's close the the price though). Wait and be patient on rejection/acceptance.
Price is at support it can easily retrace to 1.2000! I entered short at 1.2080 after NFP and another at 1.205 weekly open my stops are at break even.
Previous weekly candle close might give us a counter trend retracement!
Hey Traders :) We have a nice double top in EURUSD and think there is more room to fall down. Wait for a break!:)
Good day traders! EURUSD is showing characteristics of a bullish impulse, with blue wave three in action. We know that wave 3 is an impulse, and also usually the strongest wave, meaning it must contain five legs and can move price strongly and sharply in the direction of the trend. That said, in our case we see red sub-wave iii) of three in progress, that can be...
EU is spiking straight up with a tail that should hold a promising downturn. I expect EU to fall to support in the large value area @ 1.87. We may see some resistance along the way so keep an eye out at the target areas for a sell and reentry!
The US dollar will likely face new challenges this year after a dismal 2017, when the currency suffered losses against all of its G10 peers. The EURUSD pair hit a four-month high of $1.2080 overnight and bounced a bit on Wednesday amid local profit taking. However, the general tone around USD remains bearish. A number of global central banks are expected to signal...
I think it would be best to look for EUR Buy setups based on what this long term chart shows