I will short EURUSD once i see a reversal forming. If it breaks then it is likely to keep going upwards. SL: 1.33 TP1: 1.116
Hammer Top at Strong dotted resistance. 1hr and 4hr RSI extremely overbought, 1 day chart shows a Bearish RSI divergence. The dollar haemorrhaged hard today, bleeding should be over (I believe the rapid drop in the dollar screwed many people over including me) Loose Stop at 1.327 Tight Stop at 1.305 TP: 1.127 or 1.1242 TP2 : 1.112 Long shot PT: Gap at 1.08 Good...
Price tried to pass throught the kumo but a bearish candle shows us a possible price reversal. Any way this up movement gives us a possible entry level for long trades, if the market decides to move higher. DMI confirms trend market conditions and the up movement. Entry level for long trades should be above 1.12250 with stop below the kumo. Take-profit orders...
Taking a short here. Will post screenshot updates with more info when I have the time
EURUSD is in an uptrend on the Daily near a resistance point. It may form a reversal pattern in which case we go short targeting support/trendline Look out for a double top or breaks of significant levels ============================== ELEMONT FX Experienced Proprietary Traders ============================== FACEBOOK: goo.gl
I have a buy position open right now, but mainly waiting for the sell signal. Breaking the red line is a clear sign that we will continue moving down the current bearish channel.
Putting a small position on here. If we break convincingly above .5 (midway) in channel, then look to close the trade. See related ideas for some of previous trades.
Price reversed from the kumo and we got short opportunity. DMI confirms range market conditions, but ADX rises and it can be a signal of new price movement. Entry level for short trades should be below 1.11300 with stop orders above 1.12300 level. Profit target is at 1.10000 level but or we can use trailing stop for better exit.
The wedge has been broken and now seems to be getting a re-test. Watch closely for a bearish bounce. Fib levels also align well here for added confluence. Wait for confirmation close to sell. Happy trading
Taking a look on the weekly chart we can see that EURUSD has now entered back into a previous range. Range exists from around 1.10 to 1.14 (400 pips). There could be an opportunity to get long at the bottom of the range shown on the chart.
It's always good to have different versions of the same trade to confirm your ideas.
Looks like we are approaching a good place to sell. If the top of this channel breaks, then the top purple line will be the selling point.
Last short made some good profits. Looking to squeeze some pips out while we wait for more short opportunities. I would say if the purple structure breaks down then continue shorting it. Maybe some call this scalping. I forget :)