EURJPY SHORT AGAINTook profit today once already today and will do it again...adjusted bottom trend line and we have retested and held below again see you at 119.00.
SL - 121.230
TP - 119.000
Good risk reward. CHF AND JPY are safe havens at times like these. Spain, Italy, France and Germany are having bad times with the virus unfortunately which will effect economy . Prays and wishes to you all, stay safe X
Eurshort
EUR Will hit 1.11500 ECB Meeting Tomorrow. But What's Next?EURUSD will make at least a 50% retracement at some point tomorrow 3/12/20. The ECB is expected to cut interest rates by .10% and possibly mention more stimulus. Look for EUR to tag 1.11500. The question is what will happen next? Price could bounce right back up in the descending channel and possibly break up past the channel and make another attempt at 1.15? or Will price head for the 61.8% retracement at 1.10500? Time will tell. The target for the short is 1.11500 (100+ pips).
I am not a financial advisor. This is not financial advice. This is for educational purposes only.
EURJPY, SCALPER and SWING idea What can we expect in this value, the retest in the downtrend and the possible good entry when the value rise up, we will first see the fall of the value that could be a good scalper idea, the long position could be the good one but anyway there are a possibility that the value go again inside the simetric triangle again so the short position is secure but the long one is not at all yet.
So stay FOCUSED AND FOLLOW ME for the update of this value. And if you are agree with my analysis give a like to support my effort!!
EURAUD: SHORT and SWING entryAs we see in the graphic, EURAUD has done a fake out in the simetric triangle, after of this we can spect a first fall to the monthly KL, an a acumulation in the same monthly, after of this, the fall will be as least as big as I marked in the graphic, so i will wait until monday to go in, if the confirma<tion (another retest in 61%) is done, enter to the value! i will refresh this value in monday so FOLLOW ME FOR MORE ANALYSIS and PEACE AND PIPS!
EUR/GBP Set for Bear MoveEUR/GBP Set for Bear Move after Brexit negotiation lock finally broke . EU gives green light for secret Brexit negotiations on PM's Boris Johnson's plan.
This saw GBP -The Pound Skyrocket to mars amidst a long awaited move anticipated by bullish Sterling Traders.
The momentum sees possible price moves towards the awaited 0.84
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EURUSD down channel to continue, target 1.085 ultimatelyEURUSD has been on a strong down-channel for nearly 2-years now and it's respecting the market structure and confluence that it is forming for the moves lower. Just recently the top of the channel and strong resistance based on the structure was hit at 1.1105, from there a long extended doji wick formed which identifies the sell pressure coming into the market. We can expect a move lower off this resistance down to 1.099 at first then through down into 1.09.
Disclaimer: This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
EG: Weekly long setupStill no entry yet this week on any trades. On the weekly, you can see a major support zone of 0.85 looking at the longer term timeframes. I feel like from this price that EUR/GBP will push up alot. Multiple 100 pip targets once we score an entry. I think we can break through 0.85, and we can then see some downside movement on pound pairs and then to the upside with plenty of potential. Trades will always be shared with you all live when we take the trade. stay tuned as always.
EURUSD Bear signal down to 1.09, 20+Month bear channelEURUSD has been in a strong bear channel, nearly 2 years straight. A lot of its due to the ECB monetary policy that has an extremely dovish tone, which puts downside pressure on the Euro. On a technical basis on the weekly chart we got a really strong reversal at the top of the channel at 1.117 and a recent broken low that was tested and held really well by the bears at 1.109 with a long wicked candle that closed the week bearish and identified a higher probability short down to a new low.
The target to the downside is the GAP start from April 2017 at 1.073.
Disclaimer: This is not trading or investment advice, this is analysis used for educational purposes only.
EU: Update for todays trade ahead of CPIWill be looking to enter long with this setup, as we've tracked it's downward price action so far into our buy-zone shown in the original chart posted a few days ago. This entry will be provided in our telegram as a buy signal with entry, specific stop loss, account management info, and fundamental data. It's important to remember that CPI numbers come out in 1 and a half hours, so this setup won't be valid until that liquidity has entered the market, thus our bias remains neutral as it's in a shorter term (1-h4-4-hr downtrend)