Eur-usd-short
Cypher Pattern ForexI don't trade this patterns, but I want only show people how to draw it.
Cypher Pattern Forex
EURUSD Short After hitting the 61.8% retractment from NFP (clearly a market over-reaction) the EUR will drop most likely to the 1.12000 area.
EUR/USD Short Swing TradeA swing trade Short on EUR/USD. Have entered yesterday currently at 30+pips profit. However I will follow up on this trade as with all my other trades the fundamentals as I am expecting volatility on this pair due to the eurozone issue that Brexit and the fairly weak Euro is causing and the Dollar expecting rate hikes (although chances lower now due to NFP) will all contribute to volatility and possible indecision also.
My first target would be around 1.12200 then onto my end target for this trade at 1.11253. Lets hope this time fundamentals support my bias as in my previous post on EUR/USD hit BreakEven after 3-4 days in profit.
PRICE ACTION / TREND FOLLOWING VOLUME #3PRICE ACTION TRADING.
STEP FIVE
Draw the box, use a support and resistance bars.
STEP SIX
Find a PA ( Price Action ) reversal pattern.
PRACTICE,PRACTICE,PRACTICE AND PRACTICE
SEE YOU AT NEXT VOLUME !!
Update status
EURUSD - Possible H&S PatternEURUSD seems to be trading in a sideways box. It has tested the major resistance at 1.15000 several times and it has helt nearly every single time. It currently hit a support at the 1.12170 mark and could see a leg up towards the resistance again to re-test it. If it manages to get rejected again, we'll see the completion of a H&S pattern and could see our way down again to the bottom side of the box.
Tade with caution.
EURUSD Opportunities This WeekBuying at the green arrow and taking profit at the red.
Or
Waiting for price to head into previous structure (yellow box) and selling at an opportune time.
Good luck traders!
EUR/USD SHORTPros
- Stoch RSI oversold on the monthly, weekly and daily.
- High test of both trendline and support
- Double top on monthly chart.
- Bearish MACD divergence
Cons
-Trading against the trend
- Limited risk/reward before next support level at 1.14000
Planning to wait one more day to see what tomorrows daily candle shows.
Possible trend change at this level?
THOUGHTS?
PLAN for EU (description)as you can see, I opened a trade, even if the USDOLLAR index does not look very encouraging; I have no stop loss, I have a very very small position - if tomorrow we are up, I am going to open an another position with twice my original size to short it again, as I do not believe it can climb much higher from here; we are very close to a top. if picking bottoms and tops is not your style then dont take this trade...
I like to pick tops and bottoms this way, with very little capital / risk. if I don't hit it, I don't lose much or I don't lose anything if I don't close, and if I hit it perfectly, that's fine, making money and then scaling in perhaps if there is still room for the pair to go down. peace
Eur/USD short sellEven a bad news did not manage to break the trend line, so I am going short
-Firstly as we can clearly see we are in a down trend channel formation
-We have had multiple bounces from the Top trend line which is now acting as Support
-we formed double top on the 4H chart
-We have also priced in lowers lowers
Remember History repeats itself
Time to sell Eur-usd Because ecp took no action and eur-usd did a big move down so there is a huge amount of sellers but be careful if price reach 1.1000 stop seeling.
$EURUSD Short term view for a beginning of the weekHere's my share of my own view for a first hours of a new trading week.
All details on the chart.
Waiting for comments and questions, dear colleagues!!!
ABCD Pattern EUR/USD 7/12/14The last AB drop could repeat as a CD leg towards last structure lows at 1.204-1.207.
We could see a turn around there because of multiple divergences on the RSI and other indicators.
But for now short is the better side on the market.
Trend Analysis EUR/USD 14/7/14The Market did not show any pullback scenario for going back into the uptrend which got a break after Draghi speech before June.
Because of this less potential for a pullback I assume the broken uptrend which led into a downtrend will get a sequel this or next week. Therefore pay attention to the red horizontal resistance areas.
