Beside my GBP trade, I'm also looking at US data release. It's a preset for tomorrow CPI release which also anticipated to be good. The reason I don't want to pull the trigger right away is because retail sentiment is also pointing toward a Short on this pair and that makes me worry maybe as the price increase and slowly work through all those SL I may have a...
Buy above 1.1956. Stop loss at 1.1901. Take profit at 1.2083. Reason for the trading strategy (technically): Price has dropped and reached our buying area. We remain bullish looking to buy above major support at 1.1956 (Fibonacci retracement, horizontal overlap support, ascending support) for a push up to at least 1.2083 resistance (Fibonacci extension,...
double top might turn to 3 tops soon shorting is possible ,,, Good Luck All ,,,
Could potentially see more bullish movement from this pair over the coming days/weeks, Reason to go long on this pair: - Bullish Engulfing Candle - Consecutive Higher Lows and Higher Highs - Another bounce from the trendline - Rejection from the 61.8 Fib level
Overall EURUSD is bullish so this is a counter trend trade on the break of the Trendline support and retest.
The price bounced from the support zone formed by Senkou B, the uptrend line and 1.19500 support level. DMI confirms trend market conditions and allows open long trades. Pending orders for buy can be placed above 1.19800 level with stop orders below 1.19500 support level. Profit target can be near the resistance level.
Price has pulled back to a key confluence area of the horizontal support area and the upward sloping trend line opening the door for longs up towards the target highlight in the chart.
Buy above 1.1956. Stop loss at 1.1901. Take profit at 1.2083. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.1956 (Fibonacci retracement, horizontal overlap support, ascending support) for a push up to at least 1.2083...
EUR/USD SHORT POSITION.. a possible short after breaking down 1.1974
Buy limit order placed at a retracement into the 4 hour trendline. The Euro is strong, the Dollar is weak, therefore fundamentals are at your side at least in the short run
Sell below 1.2069. Stop loss at 1.2111. Take profit at 1.1956. Reason for the trading strategy (technically): Price is forming a really nice reversal pattern. We prepare to sell below 1.2069 resistance (Fibonacci extension, horizontal swing high resistance, bearish divergence) for a push down all the way to 1.1956 support (Fibonacci retracement, horizontal...
Preperation for long term weekly short in EUR/USD on W1 T trendchannel. Fibo retrace given.
Very quick and intuitive short. As I was typing my review of the EURAUD trade, and reviewing Draghi speech, the Short idea pops up and I went right in as it broke through 1.2 like a piece of cake. I put wide stop though..who knows it may retrace.
EUR/USD BULLISH MOVE.. wait for a retest on 1.19546
Sell below 1.1945. Stop loss at 1.1989. Take profit at 1.1825. Reason for the trading strategy (technically): Price continues to test major resistance at 1.1945 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to push price down to at least 1.1825 support (Fibonacci extension, horizontal overlap...
Sell below 1.1918. Stop loss at 1.1955. Take profit at 1.1825. Reason for the trading strategy (technically): Price is now testing major resistance at 1.1918 (Fibonacci retracement, horizontal overlap resistance, bearish price action, Fibonacci extension) and we expect a strong reaction from this level to push price down to 1.1825 support (Fibonacci retracement,...