EURUSD crab pattern and cypher formation 1.12000 is a strong resistance zone.
-Crab Pattern complete
-Cypher Pattern Formation
Targets: Read the graphic
Enjoy...
Eurshort
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.
EURJPY - Short setup from this morningAs posted earlier today on my telegram (t.me) I'm currently short from just above 116 with targets at 115.500 followed by 115.
We see a bearish divergence together with structure and trend line coinciding. We do have a fibonacci 0.382 at 116 level aswell.
While posting this I see we're breaking the "V" low of the double top which gives us yet another signal.
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!
EUR - sell/buy scenario based on resistance level
We use the resistance level. Sale in the expectation that the level will not be broken. Buy at the breakdown level.
EURJPY 1H - Continuing bearishPrice action has not yet told me to go long, and since there still are bearish signals to this I'm sticking to my initial target of 120.000.
So far we have managed to bag 150 pips during the last 7 days from this bearish fall.
Lets see if we can continue this pip-hunt, all the way to target!
Before I start to consider a bullish approach, I need to see a break and close outside falling trendline and above 122.000
EURJPY(1h) Short setup, continuing our decent.Continuing bearish outlook as a follow up on last weeks successful entry ()
Basing this on price action struggling to close above 121.350 - 0.382 fib of X-A
IF we break out above, we will possibly find another opportunity to get short around 121.800 - 122.0 area.
Final target - 120.000
EURUSD (4h) Short setup, decision point(?)Following up on last weeks successful prognosis ()
I now enter a short position, aiming for 1.0620 with first target at 1.0700.
This is could however be a decision point for entering a strong bullish move , but I use the double top forming at B (see historically strong point at Z) before we make that move upwards.
Tight stop loss on this one, as a break above could trigger the bullish move I just mentioned.
EURJPY (Daily) Bearish suggestionCompleted ABCD with close BELOW falling trendline.
Ive been eyeballing this area for some time. My targets are as shown on chart.
Lets see if we can pull some pipage out of this.
If, however, we break and close above I will look for long entry.
Entered at 122.279
Stops above previous high
EURUSD (4H) Taking a breather? Two interesting things.We have run into two different things here.
Firstly we have the 1.0700 psychological level where price seems to have found resistance.
Secondly, we have a 61.8% fibonacci retracement of Z to X.
Combined with these two we are currently in overbought condition.
I'm looking to profit from this breather with a rather tight/risky stop loss.
Time to start shorting again boysEURUSD has rallied to 1.07 on the back of strong USD data and a mildly hawkish Draghi.
Fundamentally this should be trading at 1.05 or below.
Even if Draghi raises rates, the rate differential between EU and USA will keep rising.
Short this baby and add to position if it gets to 1.0750, 1.08.
What's really driving USD at the moment10 year yields.
2.30% level has been very supportive.
Breakout of the wedge will mean uptrend will continue.
Fundamentally this is supported by higher term premia being demanded, and Chinese flight capital leaving the UST market.
I'm long USD and will add to my positions if 10 year yields really start to move a lot higher.
EURUSD (15min) Short setupBasing this setup on:
Violated support -signal
Violated trendline -signal
Structure resistance - adding to our entry
Trendline resistance - adding to our entry
0.618 fib retracement - adding to our entry
Moderately conservative target, above previous low - Trend continuation
