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Eurshort

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.
Short
by MeetMattL1
1
EURUSD - Possible bearish outlookLooking at the 1hr chart the EURUSD has a few setups that look increasingly bearish: 1. Triple top reversal earlier in the session 2. Failure to create bullish break of longer term consolidation triangle 3. MA cross into bearish 4. Previous redbound on 4hr 100 MA being testing - awaiting confirmation 5. 'Threes a crowd' - Price down test into MA bearish cross 6. Testing 38.2 retracement from the low to triple top high area 6. MA on daily crossed into bearish earlier in the week A lot of arguements for the bearish position, keeping the risk to minimum and trading what is seen with a logical stop location. If all the technicals are right theis should setup a limit risk opportunity with high reward. Note this is only my personal opinions and NOT trading advice - I do not endorse any use of the above, it is for information only
Short
by ctredget
EURUSD: Pending ShortEURUSD has been churning for 2 months. The triangle consolidation will break. My bet (I'm short) is that it will beak down. I'm not expecting a clean break, as we are nestling above 2015-2016 resistance-turned-support and the weekly 200MA. This might produce a choppy environment. However, once these supports give way, I would expect a swift move to the lower 1.03-1.07 area. I'm short and have been playing the range for the last 2 months for pocket money. Payday in EURUSD soon. Only a move above 2018 high would shift me neutral at this point.
Short
by TheRealPeaches
EURUSDHi, We had an almost successful analyse on EUR last time and now many things are more clear for me in chart.Like we have a bearish pennant in chart and in that pennant we have another triangle formation that made more limits for EUR. By all of that i think it's time for a short trade in this triangle with 2 target. Target 1 = 1.163 Target 2 = 1.159 Stop loss = 1.181 Don't forget it's a short-term trade and i have much much lower targets for long-term that i will mention later. Good Luck
Short
by Peymana71
2
EURGBP - A deeper look on the lower timeframeHere's the chart I've posted about the Short in this pair. With this chart, I want to give a more in-depth view on the hourly chart, although I only manage my trades in the original chart. You see the Blocks (orange & red). These are very often important structures. They have their merit, and we can get useful information from them, supporting our decisions in trading. The downsloping yellow Fork shows us the most probable path of price. Now, price reached the CL already. Then a decent pullback, leaving structure (red Block) on the chart. After reaching the U-MLH, price got a natural rejection (price is stretched) and then released it's energy to the downside (pink WideRangeBar). Of course, it must pull-back, just to take out the weak hands, sametime running into the next structure - the red Block. From here we will see a important decision playing out - Bears vs. Bulls. Keep in mind that the really important part plays on the higher timeframe. So this is just a more insight into the playground of the madness §8-) P!
by Tr8dingN3rd
EURUSD Approaching Support, Prepare For A BounceBuy above 1.2199. Stop loss 1.1999. Take profit 1.2293. Reason for trading strategy: EURUSD is approaching its support at 1.2070 (100% Fibonacci extension x2, 50% Fibonacci retracement, horizontal pullback support, descending channel support) where we expect price to bounce and rise to its resistance at 1.2293 (61.8% Fibonacci retracement, horizontal overlap resistance). We do have to be cautious of the intermediate resistance at 1.2199 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 4.04% where a corresponding bounce is expected.
Short
by MEX_Exchange
6
Euro Currency Index (EXY) will lose its power in future!!!Euro Currency Index seems that it will lose some power against other currencies during next weeks. April and May will be very important for EXY. Technical Analysis details: -I observed a divergence on weekly chart which can start a new bearish trend. -Stoch gives some bearish signals for future. -Wave Trend Analysis gives some signals that we are at the top of weekly trend. I hope you enjoyed with my analysis. If you like my analysis, please follow and share. Have a nice day. Berk
TVC:EXYShort
by Mr_Berk