No Deal Brexit Worse than Slower GrowthI've talked extensively on how a no deal Brexit is more likely here: This is primarily my reasoning behind why I'm neutral to short on EURUSD in the medium- to long-term (1 to 3 months). There's plenty of other good reasons to be short EURUSD including continued weak data releases from the Eurozone, possible continuation of a recession in Italy, and potential negative growth for Germany in Q1 2019. While I think that the euro can make some moves to the upside, it is still probably limited to the downward channel with short-term monthly resistance in spite of a break in this resistance last week. For more, check out www.anthonylaurence.wordpress.com
Eurolong
EUR/CHF longEUR/CHF tests daily cloud and Kijunsen. Successfully broke the trend line to turn bullish. 200sma first target followed by horizontal levels.
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EURUSD clear ABCD pattern aiming for its targetEURUSD and my ABCD pattern, which seems very possible to happen soon.
We can also hit 1.15000 are for retest of previous structure before going for a target.
AB = CD.
Target area of 1.16000 is also previous support (now resistance) on H4 from previous months, so it
confluence with our target of CD leg.
I'm gonna update this idea, whether it goes for retest or finaly for our target. Don't forget to trade carefuly guys.
A FRIDAY KIND OF MONDAYMost of Thursday looked a whole lot like most of Wednesday and the price to Buy EUR/USD kept getting better and better until 1.1575 triggered profit takers and the week ending buy up began. 1.1800 proved a bridge too far however and I'm of the belief that 1.1700 would like a kiss goodbye, before the next leg North gets underway. I confess to being a Mondayitis trader so but if price manages to find its way to 1.1695, I'm in. More than happy to wait until tomorrow however, so no urgency here. After all to Make Dollars, the trade has to Make Sense! Following the ideas yet? Go on......press the "Follow" button.
EURO rally with USDThe EURO has rebounded on the fib retracement 78.6% (1.15$) and has already left the support-zone to the top.
Hence it has entered the next wave - leading to prices above 1.20$. In that area we see a crossing point from a horizontal trend line and another descending trend line.
RSI and MACD have turned, with the trigger line above the signal line (orange). Much way to go before they´re reaching overbought areas.
Fundamentally the EURO should be weak, because it´s not very probable that Draghi will tighten the quantitative easing in next time; meanwhile the FED has already done some steps in raising interest rates and has announced some more in this year.
Therefor I expect the rally of the Euro to be short and I expect it to fall against the Dollar at the latest in autumn.
EURUSD 1000 Pip prediction : 1.22 to 1.32 Macro Euro Monthly Chart (channels drawn on quarterly chart) - We have been consolidating for months on top of the lower part of Euro's historic uptrend channel, against shorter term steeper trendline. Ask yourself which one will win.. Cut out the noise and zoom out to get your ideas, zoom in to enter your trades and swing your way to freedom.
EUR JPY - Let's wait the breakout! Morning traders ! Today i show you my view about eur jpy . This cross is moving into a rectangle from more than 1 month , the resistance of the
rectangle is around 132 zone while 129.5 zone is acting as a support. In 1h timeframe i've spotted an ascending triangle already formed. The breakout of this triangle may be the signal to go long till 133.5 zone , another long signal that may be useful is the breakout of EMA 100 and 200 that till now acted as resistance. That's my analysis , let's wait the breakout. Have a nice day !
Buy the European currency noww!! EUR/USDdaily engulfing on euro chart gives us bullish signal in the near term to target again 1.2450
however possible triangle is in shape to finish wave 4 before the final impulsive wave 5 starts
1.2900 is my long term target. closing below 1.2100 a daily close i mean is a bearish signal
and we invalidate this scenario.!!!! good luck
EUR/USD SIMPLE STRUCTURE RETEST Simple Idea: If we see the 3rd-touch of TL and structure retest of 1.1570, we can look for a nice 140 -180 PIP upside move to first 1.1710 and second 1.1760. It would also a ABCD pattern.. But be careful, EURO is rising to the moon the last 3-4 Weeks..Keep your mind and eyes open....
EURUSD new Yearly Highs.EURUSD new Yearly Highs.
The yesterday Daily breakdown through the Lows, was a Bear Trap.
Now we can see a climb to new Yearly Highs.
First Target is the area by 1.1250 and next Target is 1.1350
In my view it`s possible that fresh Sellers comes by 1.1250, this Sellers are important, for new fresh Highs.
Good Luck
Michael
Euro's comebackIMPORTANT NOTE: You should read my "Link to Related Ideas" to see the changes I've made.
I've wrongly graphed the 4-hour chart regarding this Forex pair -- I adjusted it to the actual one -- and now I am seeing the final of the Euro rally relief -- comeback is real?
On several Euro pairs such as EURUSD, EURAUD, and EURJPY, fakey pin bars have formed suggesting another push higher.
For those looking for a thorough explanation about fakey pin bars, I suggest you look up Nial Fuller's educational articles regarding the said Price Action Bar. The link for the educational article can be seen at my facebook page (www.facebook.com) on my daily trading session update.