Get started

Eurshort

Is this the top for EURUSD? Momentum slowing on DAILY chartIs this a medium term top for EURUSD? Technicals Bearish divergence seen on daily chart. Upside momentum is slowing. DXY showing same, if not stronger divergence. Sentiment Consensus has become EUR positive - in fact, extremely EUR positive. Fundamentals All banks raising long term forecasts for EUR. Even though last month's inflation reading missed expectations, and Draghi wasn't hawkish at all! This week's ECB conference, UK elections, and next week's Fed meeting all may impact. Perhaps end of May flows were responsible for the last push up in EURUSD, now may start to fall as fundamentals come back in play.
Short
by Exercise-Discipline
EURJPY (1h) Double top, fibonacci, strong resistance - Short?Price put in a double top, failing to close above 38.2 fib of X - A. In conjunction with fibonacci, and the double top, we have a strong monthly support and resistance area which could help us with this short. I see high probability in this one, I am not looking for extended target(s) this time. As we could, potentially, look at a bullish (temporary?) release from this bearish trend. If we break and close above 118.400 we could be looking at a bullish rotation, as hinted above. And then - we adjust our prognosis and entries accordingly. Lets see if this elevator goes to our floor!
Short
by timmynorin
1