Eurshort
EURJPY - Short setup at historical resistance area
Price failing to close above 134.00 on 6 attempts.
Double top at historical support/res area.
We have a closing bearish candle outside the triangle, which gives us another signal to go short.
Target 132.500. Stop loss above 134.200
EURGBP Short - Hammer the price down!!!!!!!!!!!!!!!Price action at daily resistance. ALSOOOO, the RSI is Overbought @ over 80. (TECHNICALS ARE NOW ALIGNED)
Brexit woesss!! - Too much negativity so far from the negotiations UK government are producing to EUR
Sellers should enter the market by friday. Expecting some positive fundamentals for GBP this week and next week.
$$ Take profit at a psychological number $$ but could reach previous support
SL: 0.93030
Entry: 0.92285
TP: 0.91000
EURNZD short opportunity!Hello traders! We may have here a short opportunity on this pair. Watch the price for a strong down impulse and wait for the correction. If the price push higher, we are not interested in a buy. We are looking for a sell setup.
DO NOT FORCE THE TRADE!
EURJPY (D) kumo breakout.Kumo breakout has occurred on the EURJPY. TK cross happened much before. Since the outlook for EUR is still bullish it might chop along for sometime before it heads down.
I have taken an early aggressive sell on this pair already.
$EURUSD | Short Trade | Targets DefinedHello Traders,
TG 1= 91% probability
TG 2 = 86% probability
TG 3 = 70% probability
Best,
Sirak
EUR: Local consolidation.A breakdown of consolidation up may give an opportunity to take a long-term short position. Break down is also a good opportunity to take a long-term short position.
EURUSD short setupEURUSD - Short with target 1.1330 followed by 1.1290. Stop loss above 1.14
Momentum has turned bearish with several clues:
RSI lower lows
candle bars lower closes
shooting star candlestick on the last hourly.
Simple, will it hold?
EUR: A trend reversal is possible.Over the past three weeks, the upward trend has slowed down. Possible roll back down or reversal of a trend.
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.
Euro: it is possible to move down.The Euro is more than 5 days in a small range. It is possible to move downward according to model 3w.
EURUSD crab pattern and cypher formation 1.12000 is a strong resistance zone.
-Crab Pattern complete
-Cypher Pattern Formation
Targets: Read the graphic
Enjoy...
EUR mega channel breakthroughThin seams to be diagonal support breakthrough. Drawing a flag. be prepared to 0.84
EURUSD Hourly - Simple, could it hold?Double top followed by 0.618 retracement after the break of the "v" point of the tops.
This also coincide with the highest high (opening) of candle seen 2017-04-23
Makes nice structure, the V point together with the opening high, and the 0.618 fibonacci.
Lets see where this bus takes us. Two targets set up.
EUR shot term SHORTFIRST TARGET =1.065
previous structure, resistance level, top of the channel
RSI - overbought
as for fundamentals/news noise:
ISIS/russia will still push for Marine Le Pen = more terror acts are expected
Marine Le Pen might win = big push down for EUR (0.85-0.9)
EURUSD SHORT: Bearish divergence, H&SAs in chart.
Bearish divergence shows exhaustion of bulls and high probability of gap close.
Supported by fundamentals: monetary policy divergence remains after today's ECB meeting.
USD DECISION POINTInverted head and shoulders may form.
Medium to long term, USD is fundamentally bullish based on monetary policy divergence, USD shortage, increasing term premia on US 10Y Treasuries.
EUR: scenarios for a short position.If presidential elections in France are won by supporters of Frexit, euro can open with a gap down, with further movement down to support level.
