OANDA:EURUSD Resistance broken, NO FIBO near
Created a short stop order few pips below my daily zone right after NFP news release. Strong reaction of market because of slightly lower than expected NFP result but strong sentiment remains on bullish USD based on revised NFP figures and lower unemployment rate, and the higher probability of Fed rate hike 2 weeks from now. www.marketpulse.com W: D:
The maximum has been touched. It's another great trade with 2.5 RR Only small volume, as MACD is still facing upwards
Price reach trench , if it ends in this manner I will take a short trade. Key Support - 1.04627 Key Resistance - 1.065
Using AB=CD patterns is a great way to look for trade locations. When they match up with other AB=CD targets it makes the levels stronger. Combine these areas with fib clusters and you have a whole lot of confirmation. Fib clusters are groupings of various fib extensions and expansions. These are measured from the swings and the major pullback corrections. The...
MACD is still facing upwards so I'm only using a small position size. But won't miss out on that trade. Much to win, less to lose.
www.forexsignalsnow.trade EUR/USD Daily Analysis.
Based off of current conditions I am expecting a fall in EUR/USD ahead of the US NFP witch is expected to surge will further push the EUR downward. Although I have some concern based off of trend line breaks but this can be expected due to higher market volatility. I plan on shorting the pair sometime tonight or tomorrow morning and taking a hefty profit w/ a...
Waiting to see more action at the zone at 1.06 zone. If price breaks up, we would expect a reversal and price could easily visit 1.08 On the other side, If price could not break up, It will visit the lower range of the range - 1.046
Eventual ABCD pattern has completed on EURUSD pair. If confirmed, this will also be a Wave E of a long-time triangle which means a correction will arrive soon. I longed 1.06 earlier and set SL: at 1.045 which is a 2015 minimum. TP1 would be at 1.0969, TP2: 1.1215 and TP3 at 1.16.