Euroshort
EUR/USD 4H Ichimoku Analysis.Looks like more downside is coming!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
Looks like there is more downside coming as on the 4 hour everything aligns in the Ichimoku system for more downside.
1. Price is under the cloud
2. The Cloud ahead is turning bearish.
3. The Tenkan ( Yellow Line ) is under the Kijun ( Dark Blue line )
4. The Lagging span ( Purple line ) is also under prices and the cloud with no obstacles ahead.
All pointing to more downside. The probabilities are in your favor in this trade opportunity as you can not get more confirmation then this in the Ichimoku system.
Please be carefull and manage your risk on leverage trading!
Euro Trade Plan he Euro has big potential to go up. This a winning trade today 01 June 2020 . This my today trade on Euro .
If you like my ideas support me with a follow , like , share It with your freinds
EURO STOXX 50 : Where to shortWait for Eurostoxx50 break out from the triangle.
Above there is a good selling zone to trade around 3250 area, where we can short to 2900.
Beyond the triangle, we have to wait for the retest of the trendline and short to 2600
EURGBP SHORT SET UPThis set up is based on the current order flow. Risk reward is good with 2 take profit targets.
Follow me for updates and regular high probability set ups!
EU: Wkly trade setup Last week we had posted a suggested long setup which reacted perfectly in the zone shown for long entries. The weekly region of support is something to keep an eye on. On the daily timeframe, price has pushed down since the double top, and now currently a double bottom. I didn't enter this trade last week but well done to those that entered on our bias and suggestion. Looking forward to this week, I'll be watching a zone for entry that will be present after a new lower low is invalidated (we're still in a downtrend). This week remain bearish to the psychological of 1. Feel free to ask any questions below.
2nd Weekly Target Hit, Near Term Target 98.7See previously attached charts,
Our bias for the U.S. Dollar is long with a yearly-ending target of 100.
WEEKLY EURGBP ANALYSISThis is my long-term analysis of EURGBP. It has completed 4 Elliot Wave impulse waves and is preparing to begin the 5th wave down to complete the sequence.
The Fibonacci retracement from WAVE 1 rejected the 61.8% level, showing the trend is strong. Therefore my target for the end of WAVE 5 and completion of this trend/sequence is at the 161.8% level (0.8454). If I had to guess a time limit on this I would say 3 to 4 weeks.
I would then expect a correction wave.
Happy trading!
Joe
EURGBP MeltdownThe European pairs have closed back below the Weekly/Monthly Support....And a Head & Shoulder pattern is seen to form at this support (strong confluence!!) on the Daily chart. We can expect price to meltdown to the Weekly ascending trendline below to act as support. For now only look for sells!....price is retracing to a 61.8 zone
The "Pulse" of an asset times Fibonacci: EU minor Impulse ReduxQuick plot to observe EU after FOMC rate decision.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least the first approach if note more.
This is part my ongoing series to collect examples of my Methodology.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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Euro losing vs DollarSince june 2008 the Euro has losen its strength vs USD. Till may 2014 it has formed the pattern "3 descending peaks" with the following deep fall to the lower limit of the big parallel channel (red), after it had broken the neckline.
The next recovering had been very weak and didn´t reach the upper limit of the mentioned channel.
Since january 2018 the Euro has been again falling and has reached a swing trend line at ~ 1,11USD.
Also it is within a negative wedge, and therein within the last third.
As it is a negative pattern a breakout to the bottom is more probable, than to the top.
There are no fundamental facts supporting the EURO vs USD. Neither the interest rates.
So I expect a continuation of the negative trend, but with much more momentum on the lower side.
Next stronger support could be the fib retracement 23.6% at 1.033$.
RSI within negative terrain, MACD on weekly basis also negative.
On daily basis both indicators stay negative but MACD has triggered up.
EURO on weekly far below EMA50, on daily near the indicator.
No trading advice!
Pound Euro Sideways Because UK Is Not Yet BrexitingToday markets another important day of voting in the UK House of Commons where Parliamentarians will again cast opinions on the so-called 'indicative votes' all of which failed the first time around. Regardless, the markets certainly do not believe the UK is headed towards a no deal Brexit, but as of right now that is where the UK is heading as a deal is required to be ratified by the House of Commons and agreed by the EU to avoid an accidental crash out of the EU by April 12th. A general election is seeming to gather steam, but both the two main parties are extremely unpopular so it is quite uncertain what the outcome of this would be.
It seems we are on the edge of a constitutional crisis if neither Parliament nor the prime minister can come to any agreement. In that event, we could see a long extension of Article 50 which could be as long as another year. At least, again, this is how financial markets are pricing in the uncertainty. But if that's the case, then the UK will have to organize EU Parliament elections which PM May is fundamentally opposed to. Unfortunately, this forces an almost paralysis by analysis since the uncertainties are so high. The closer we get to April 12th, the more clarity there will be on the future of this issue. For more, check out anthonylaurence.wordpress.com
EURUSD Down Because Brexit and Germany Could Enter Recession Fundamentals are fairly important in financial markets. Its why I spend so much time on them. This is how I came to the ultimate conclusion that the trend of EURUSD is down mainly because Brexit, updates of which you can find here: anthonylaurence.wordpress.com While economic data out of the Eurozone was somewhat favorable at the start of the week with the IFO Business Climate Index, consumer confidence was weaker in Germany. Such negative sentiment caused ECB President Draghi to assert that the ECB would step in should the need arise in financial markets. This didn't budge the euro at all. In short, Brexit isn't trending well although it could lead to a conclusion. This would break the euro out of the downward channel, but in the short-term investors will probably continue to witness this price action, at least until April 12th before which we will probably see an extension if no deal is reached. For more analysis, check out www.anthonylaurence.wordpress.com
Short EURUSD Because Eurozone Growth Slowdown, Brexit WeighThe fundamentals of the Eurozone remain weak. The politics are toxic. Technically, RSI has a long way to go before oversold. Moving averages all trend down. I imagine we could reach 1.115 before a reversal to the upside. For more analysis, check out www.anthonylaurence.wordpress.com
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
