Today Trader should be careful at the time of FED chair yellen and Ecb president Mario Draghi speech. There may be a chance of big bullish or bearish waves in forex market let me discuss about Eur-usd which is long term bullish but yellen words may change its direction. There is a good opportunity to buy Eur-usd around 1.1750 area with stop loss at 1.1650 and take...
EURUSD - Mark out the 1.1820 level. Its the monthly open. Its proving a strong resistance. a clean break of it it and we will see 1.20 Monthly/Weekly opens are an excellent source of entry's/buying and selling zones. I have them marked out on every major pair
Price has been consolidating above the key area of support highlighted and is testing the upper downward sloping trend line. A breakout of the consolidation pattern clears the way for longs to the next key areas of resistance in the EURUSD.
Sell below 1.1793. Stop loss at 1.1842. Take profit at 1.1691. Reason for the trading strategy (technically): Price is approaching major resistance at 1.1793 (Fibonacci retracement, horizontal swing high resistance, descending resistance) and we expect price to have a strong reaction off that level to push it down to at least 1.1691 support (Fibonacci extension,...
8/18's candle closed above the 3 SMMA after closing below on 8/17. Therefore, I am expecting 8/21's candle to close above the 3 SMMA . I will be looking for buy signals on the hour time frame that look similar the buy signal on the daily that you see here (candle close below 3 SMMA , then candle close above 3 SMMA ). This is a day trading technique and I will...
What do you think about the EUR/USD?
Buy above 1.1691. Stop loss at 1.1645. Take profit at 1.1795. Reason for the trading strategy (technically): Price is seeing major support at 1.1691 (Fibonacci extension, horizontal swing low support) and we expect to see a bounce above this level towards 1.1795 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is seeing...
Two opportunities i took on the EUR/USD. First trade was a double top with RSI Divergence. The second was a .618 retracement from the initial move down, predicting the market will retest support levels. Risk reward is good with possible 100+ pip gain. Anybody traded this opportunity?
Possible correction on this pair verry soon. Watch price action. If we see something similar to previous correction, then we may see another UP move.
Short EURUSD @ 1.1789; TP @ 1.1554, SL your choice
Long EURUSD the proposed buy area has an important trendline running through it which may add additional support to the pair. I have traded this pair 4 times since April with a 100% success rate, the impulsive move may have ended and a 3 wave pullback appears to be moving back towards the trendline. A decision needs to be made about when to enter, a large stop...
Sell below 1.1824. Stop loss at 1.1928. Take profit at 1.1615. Reason for the trading strategy (technically): Price has started to drop really nicely towards our profit target. We remain bearish below major resistance at 1.1824 (Fibonacci retracement, horizontal overlap resistance, pullback resistance) and we expect to see a drop below this level to at least...
As it was expected, the EUR/USD currency pair is continuing the decline. On Tuesday morning the pair suddenly reached the support of the weekly S1, which is located at the 1.1726 level. The move was expected to occur, and it came into reality, as the 100-hour SMA was passed at the 1.1770 level. The currency pair rebounded against the mentioned weekly support...
61.8 Fib bounce Trend Continuation MA crossover to the upside
Sell below 1.1824. Stop loss at 1.1928. Take profit at 1.1615. Reason for the trading strategy (technically): Price is now testing major resistance at 1.1824 (Fibonacci retracement, horizontal overlap resistance, pullback resistance) and we expect to see a drop from this level to at least 1.1615 support (Fibonacci retracement, horizontal swing low support,...
Following the trend line, and I expect US consumer prices to uptick. Hard stop for German GDP