Eursud
EURUSD Buy Setup About To TriggerThere are plenty of traders who ask me about entry points, exit points, trade management etc on the ideas i post. So i decided ont only to post forecasting of the market but also the exact setups i trade.
So here in EURUSD we a have two pending orders at 1.13241 with stoploss at 1.128.
First profit targets is 1.14385 with second at 1.15274. When 1:1 profit is achieved place your stoploss at BE.
EURUSD: Fifth wave impulse is now a real possibility Last week I published an idea that this pair would be looking to retrace down in accordance to the wave count it was following, unfortunately in that example the price didn't reach our entry level but I believe we are presented with an excellent trading opportunity here. This pair has now retraced down to a 38.2% fib level completing the 4th Elliot wave impulse to allow for a last movement higher. A tweezor bottom bullish candlestick pattern has also formed on this daily frame which is being supported by Kijun Sen (base line) as the price continues to trade above the kumo cloud. The wide gap in-between the base line and conversion line is indicating to us that a sizeable move is imminent and according to my idea, this move will be bullish. Fib extension level 161.8 is a potential target but I will be looking to take profits from 1.13900 as I ultimately don't see this pair posting a higher high as parity is a very plausible option sometime this year.
EURUSD - Long term trading - Buy now, hold forever!! (1,83)Long term EURUSD channel.
I know this looks like fanta-forex analysis, but if the account size allow you to have a 12000 pips stop loss and the risk is not more than 2%, this is a nice setup to play.
T1 is at 1,1800 area that can still be tested during the recovery of the down move from april 2014 to lows.
You will not be stressed playing this one, you can watch the status of the trade every 2/3 months... :)