EurAud short setupwith the daily close under the red line head and shoulders pattern will be confirmed. targets and stop are shown on the chat
Eurshort
forexTrdr EURGBP- BEARISH DIVERGENCE HEADING FOR 400 PIP DROP?Afternoon traders,
Smashing the trades out today with G20 out of the way and the start of a new month there is some great setups lining up. Euro versus British Pound being one of those with a bearish divergence forming on RSI. As you can see in our trading view chart RSI has been forming lower highs at the same time as price action was forming higher highs. This has now topped out around 0.89935 and has, since Friday, formed a series of 3 lower highs and lower lows. Volumes have also peaked suggesting that the market has ran out of steam to run higher from here.
We have also highlighted all of the relevant support levels that may prove sticky on pricing before the pair head back down towards low 0.87 area and potentially retest May levels of 0.85.
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EUR/AUD SEll limit possible wick off to price zone 1.61456 faking break of range zone
and price pulling back down to the ranning zone between zone 1.57077 and 1.60572.
EUR/USD sellpull back to fib zone 0.618
()break and respect of trend line + Marubozu candle stick
() finding recistance in previous support zone
Possible continuation of downtrend
Momentum AnalysisAs you can see price strength is against Bull's...
Probability show us that it will see 1.12100 soon
Bear's continue in charge and bull strenght started a downtrend. It ca'nt get the next resistance of 1.13692 before the 1.12100 support if it continues like this.
Ps: Don't forget who run's the world ( USA) ... China market is paid in Dollar soo, they also want that Dollar increase value
*Just my Opinion
EUR/USDPotential shorts pending on this pair !
Looking for a daily closure and further inside bar confirmation on the 4HR before i take my shorts.
short EURUSD into ECB meeting on ThursdayHigh expectation of further easing from ECB likely via the announcement of TLTRO for the banking sector- news flow lining up with technicals on the chart above with the mutiple wave formation
EURUSD approaching support, potential bounce!EURUSD is approaching our first support at 1.1286 (horizontal swing low support, 100% Fibonacci extension 78.6 % Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1421 (50% Fibonacci retracement , horizontal overlap resistance).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
LONG EURCHF approaching support, potential bounce!EURCHF is approaching our first support at 1.1245 (horizontal swing low support, 100% Fibonacci extension , 61.8% Fibonacci retracement ) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1309 (61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
EUR/USD ShortRompimos un mid daily range recistance , de la consolidacion diaria que llevavamos hace semanas.
podemos ver que el precio rompe el daily price zone 1.13820
encontramos soporte en otro daily zone 1.13016 que sirve como soporte al price range.
daonde subimos y le dimos un retes a la zone diaria qur rompimos previamente, y continuamos bajando .
if price re test price zone 1.13482 it will activate mys sell limit, wich is in confluence with a houtly reversal zone.
EURNZD Seasonal ShortEntry - 1.6900 (last year's open)
Stop - 1.7205 (above the high)
Target 1 - 1.6425 (last month's open)
Target 2 - 1.5925 (2016 yearly open)
Calculate Risk between Entry and Stop
Follow through with Daily Heiken-Ashi candles
re-entering and lowering the Stop to maximize profit
EURCAD / 4H / DOWNSIDE POTENTIALWe're seeing a technical formation on EURCAD that is indicating the potential for further downside.
In order to enter the trade wait for a strong bearish candle below the structure.
EURJPY / 1H / DOWNSIDE POTENTIALBias: Short
Strategy: Symmetrical Triangle
You MUST wait for a break and close below the triangle before entering shorts.
EURAUD Short - A Risky CountertrendWith most AUD pairs seem to have reached key support levels and about to reverse up, and EUR going ranging, riding a possible immediate consolidation for this pair. Setting up sell stop order with 1st TP @1.56210 (38.2% fib), and possible to trail this until 2nd TP (0% fib) by next week, and hard SL @1.58 (few pips above its current high/past the 100% fib level).
Daily:
Weekly:
Confidence: B (risky because it's going against its recent bullish momentum-- I'm not really into countertrend trading, unless I think the pair is going into a ranging pattern hiatus after a strong trend)
EURUSD (looking for pull back)So, EUR continues the downfall and showing no signs of heading back up. We saw an injection of buying early in the week. Due to powell's speech. Dollar did not care. It faked out to the downside the day after.
Dollar also had a healthy close above 97 on Friday, closing at 97.20.
I am hoping to see a 28 pip pull back into the area shown above and will be taking a short aiming for a 3.75% gain at 1% risk.
Healthy set up, lets see.
EURUSD | LONGPrice fail to create new Lower low below major key level instead price break upper trendline . This indicate buyer are coming in .
EURJPY / 4H / POTENTIAL DOWNSIDEWe're seeing potential further downside on EURJPY with a handful of factors that are currently providing confluence.
We've retraced to the 61.8 fib level which coincides with our resistance fractal. This is further supported by our downward trendline and what is potentially a wedge that is forming. It is still too early to enter and we must wait for the price action to develop accordingly along with the wedge to break. Keep a close eye.
