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Euroshorts

(Shorts) EURNZD Technical Analysis (May 18, 2018)Hello Traders, Today we focus on Euro and for clarity, we are net bearish on the Euro going forward. Because of this predisposition, we are only looking for short positions and right now we have identified one in the daily chart. In breaking down this we shall consider price ranges and market participation. In this case, volumes play a critical role in our determination. So, as we can see, prices are sliding down after rejection of higher highs on May 15. There, despite abnormal volumes, Euro bulls couldn’t push above April 26 highs of 1.730. What happened instead was a doji candlestick with a narrow trade range. The next day bears confirmed this sell move by closing lower with a bearish engulfing pattern. Now, the best time for loading should could have been on May 17 but still shorting today could present with chance to turn in a profit albeit with more stops. Considering this set up, our ideal stops would be at April 25 highs of 1.730 and take profits at 1.6950 and 1.67. This shall be our EURNZD trade plan for the next two weeks: Sell: 1.708 Stops: 1.73 Take profit: 1.695, 1.67 and 1.65 Let me know what you think. Have a good time!!
Short
by Kipyegonn
(Sell) EURUSD Technical Analysis for April 25, 2018Hello Traders, From our previous preview of this pair, all we needed were lower lows and that we got as price action shows. As you can see, not only is there is a stochastic sell signal in the weekly chart but bears are capitalizing on that clear bearish divergence following an over-extension/EURO over-valuation by week ending February 2. However, that’s not all. There is a bear break out below the main support trend line in the weekly chart. This therefore means the only way of turning a decent profit is to trade with the trend and that means taking short positions in lower time frames. If bear momentum is strong, assuming we see a divergence of %k and %d in the weekly chart in the coming sessions, then we can enter shorts right away without expecting prices to bounce back as they do whenever there is a break out like this. In the 4HR chart, sellers are on the upper hand. Despite earlier bull pressure following a stochastic buy signal and a confirming candlestick, prices are fading that move. Conservative traders can wait for a break below 1.218 or this week’s lows before initiating sells but if you want to short now then you can with stops at 1.2250. Because of this inclination, my EURUSD trade plan will be as follows: Sell: 1.221 Stops: 1.225 Take Profit: 1.16 Let me know what you think. Have a good trading day!!! This Analysis was first posted at Forex.Today by Dalmas Ngetich
Short
by Kipyegonn
EURNZD Technical Analysis-Short November 6, 2017Hello Traders, Technically, I expect the Kiwi to strengthen going forward. In the weekly and the daily chart, it is hard to ignore the sell signal with a bear divergence pattern in play. Also note that this week’s candlestick could be a confirmation of an Evening Star pattern at the shoulders of a Head and Shoulders pattern. Week ending October 23 ended as an inverted hammer so that is good for bears especially after last week’s bear confirmation. Secondly, the daily chart is testing the 20 period MA and the probability of breaking below the support trend line is high given the bear momentum in the daily chart. I will trade as follows: Sell: 1.68 Stop Loss: 1.70 Take Profit: 1.58 Have a good trading day. For similar content, hit the like button and forex.today for more analysis
Short
by Kipyegonn
Positive Tukish Lira swaps-EURTRY analysis for 31.10.2017Traders, At the moment , we are heavily net short the Euro mostly as advised by technical developments. In the monthly chart, you can notice price action are trending lower in relation to the upper BB. That is despite EURTRY being higher price wise. Stochastics are also over extended and a sell signal is in the process of being printed. Secondly, in the daily chart, there is a clear bear divergence signal. Price action is trending higher while bears are stepping gas on the sell pedal. To show that, there is a sell signal in place and a three bar reversal pattern called an Evening Star. I will look for better entries in the 4HR and that is why I believe a sell limit will do the trick here: Sell Limit: 4.42-4.47 Stop Loss: above 4.48 Stop Loss: 4.2, 4.0 Have a good trading day If you find this interesting, hit the like button as you benefit from the positive swaps associated from TRY longs. You can also visit our website at Forex.Today . Everyday we make sure you guys stay afloat by posting in depth analysis like this one here: preview.tinyurl.com check it out and let me know what you think. Bests, Kipyegonn
Short
by Kipyegonn
DUMP THE EURO, BUY THE RAND-SHORT-13.10.2017Guys, what's up, hope you nicked some pips this week. Well, it's Friday the 13th and if you got margin called, next week will be another cool week to boost your account. I have posted several posts at www.forex.today.com---https://tinyurl.com/Forex-Today-Analysis--- and if you like what I'm doing, you really need to go through those blog posts. Cool stuff, most of the time we in the money. In the mean time though, despite all the hype about the Euro, I think it gonna whoop your ass if you buy at the tops.It is getting a lot of airtime in the media and you know when that happens, it is at the last leg of a bullish run. Now we have a bearish engulfing pattern and a minor correction higher next week after this steep decline, price might appreciate perhaps to the 63.2% Fibonacci level in the 4HR chart before bears resume. I urge you guys to go short then. I will keep you updated though, no worries. Break below that support trend line is significant and will signal a long long bear trend. The earlier you get in the ride, the better. I also post at www.newsbtc.com---https://tinyurl.com/NewsBTC-com---- me and my colleagues do a lot of research to give you the best, preview today and let me know. Ok, I'm marketing this but I just thought you should know. :) Cheers.
Short
by Kipyegonn
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