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Eurlong

Don't fade the SNB. Buy EUR vs USD, CHFSNB's EUR reserves are at record highs. Combined with the 1) political relief in EU 2) improving EZ economic data 3) ECB likely to start tapering QE 4) a huge current account surplus in the Euro area 5) an undervalued EUR cf. long term moving averages 6) correlation of EUR with 'risk-off' macro environment - likely to persist given overvaluation of equities These are excellent arguments to start buying EUR for the long term vs USD, CHF, GBP, JPY. Today's 'sell the fact' retreat offers good levels to start scaling in to EUR longs.
Long
by Exercise-Discipline
EURUSD - Will 61.8 hold?I've been eyeing this opportunity this since last week. Price have failed 5 times (and counting) to break and close below 1.0650 (seen on 4 hour), which also happens to line up more or less exacly with 61.8 fibonacci X-A. We're coming from an oversold condition, momentum seems to be turning around - could this simple setup wield profit? Overall, the break to the upside of the big triangle also gives a hint what this pair wants to do, diving down inside the triangle could be one last dip in the water before heading up.
Long
by timmynorin
2
EURPLN Reverse confirmationI believe we got a trustworthy reverse. The resistance at 4.29275 have been tested before. It broke out yesterday of the reverse cup, and is heading north of the 10EMA. Volume haven't picked up yet, so be aware it might do a drastic spike down over the next days, before continuing up. I have a bigger SL because I plan to hold this one for some time. For good practice, try and see weekly, 4h and 1h charts. The resist confirmation is really strong on this one.
Long
by chastic
EURJPY Patterns forming 15min/60min1. Bearish bat formation which turned out a winner, but not before putting up a fight. I entered this one since we also had a previously tested support and resistance area. 2. If the marked decides to push the price down we could see a complete bat formation. Although Im not too happy about the bullish trendline being violated, which itself is a bearish signal. Not an optimal scenario for a bullish bat. However, patterns are patterns. Its up to you and your plan to decide whether or not to take this one. 3. Lovely, both bearish cypher and gartley completing at (almost) exact same level. We also have bearish trendline as resistance previous structure as resistance. Alternative. Price action violates C-leg of #2 bat before plumming down, which leaves neither #3 completion or #2 completion. Since #1 won I'm happy either way, but lets prepare ourselves just in case the race is on!
by timmynorin