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Eurousd

Why EURAUD is such a STRONG BUYHere we have EURUAD I believe this is one of the best BUY opportunities we have in the market. Weekly bullish convergence with a daily 2 waves retracement towards the 50% level on the convergence move AND the 100% level of the two waves ALL ENDING IN BULLISH DIVERGENCE! What more do you want? We have 2 waves up, two waves down (double-double) so what's next? A duplication of the two waves up to form one complete 2 waves, or we end up in a range! FULL STRATEGY EXPLAINED BELOW: I have outlined the key strategy here, including TWO price targets to grab for. However after reaching 1.52050 level, watch for some sort of pullback. From there, we watch very closely. If the pull back results in a move that ends on a four hour or one hour chart with a bullish divergence, then this pullback is part if the two waves up and our first target is 1.5418. IF the pullback is NOT producing a bullish divergence on a lower time frame, then we are probably ranging back down to 1.44955 area. Then we reevaluate!
Long
by samblum_
Caution! Danger ahead.After EURUSD reached the monthly 'strong' resistance, it made a modest decline due to Dollar sell-off and Euro relief rallies that are currently ongoing. That being said, I highly warn you to STAY AT THE SIDELINES FOR THE MOMENT when trading this pair as there is a high risk due to the current phase of the weak dollar-weak euro. As graphed below, these are the possible plays that may take place for the next trading sessions. PS The monthly resistance have shown its strength once at 2016-11-09. I was actually long back then and was surprised it spiked just right at my Take Profit before plummeting when Draghi started to speak.
by bearvsbullmarket
EURUSD Wedge timeHey hey! So far, we're on track. Attached find the yesterday's bounce-up-break-down idea. Now we're going to check whether we should sell (60%) or buy (40%). Why? The double top that was mentioned yesterday had been done perfectly, now the price is at an important key support level. In my opinion, the price will reach the grey line and then bounce back - the reason it's 40% buy only is because we have had a long going up and a bit of retracement is acceptable - or which is a bit more likely is to break down these levels and go further to 1.12 rough. I'll be updating you as soon as a trade will be placed. Tell me what you think in a comment.
by adamnkiss
1
EURUSD: Reverse Head and Shoulders hasn't gone away.target 115EURUSD: Further extreme Dollar weakness looks in store for Monday. The target given by the reverse head and shoulders off the bottom here continues to say 113.80 but ultimately the Euro should reach 115 before swing traders should consider shorting the Euro again. The big change in prevailing wind was only confirmed on Friday. There is much more to go for. Try to trade these asap on the open in Australia on Monday if you want to catch the highs to sell off - no matter how inconvenient, it will be worth it by the look of the charts.... By the time it gets to New York the downwave should be in full swing
Long
by sumastardon