After a correction I expect price rich out 1,20 zone! Beside NFP, in general USA fundamentals are weakening the currency..
The expectation that I see with more probability is a rebound from de 1,60 zone (blue line) and then keep going up (Violet Line) to de 1,10 zone. Of course, I going to enter to the market with a price action confirmation. What do you think?
I use Market Profile and Price Action for my analysis. Please read the basic rules for trading my intraday levels (linked to this idea) *This is not any sort of trading recommendation. Trade at you own risk
I use Market Profile and Price Action for my analysis. Please read the basic rules for trading my intraday levels (linked to this idea) *This is not any sort of trading recommendation. Trade at you own risk
I use Market Profile and Price Action for my analysis. Please read the basic rules for trading my intraday levels (linked to this idea)
Here are some long term scenarios that I think are possible to happen. My opinion is based on Price action ( daily charts ), yearly (composite) Market profile and fundamental analysis.
I use Market Profile and Price Action for my analysis. Please read the basic rules for trading my intraday levels (linked to this idea)
Hi traders, This was a very moving monday in the market, mainly on the EUR and USD pairs. On this chart we can see a nice completed AB=CD pattern that I traded (entry was at 1.06316). I posted that trade on my Facebook and Twitter account. Now I expect to see another, smaller, AB=CD pattern forming on this chart. Expected price movement is projected with the...
Continuing the downhill momentum with the increased USDOLLAR strength. Price action giving me clear signs of a further push towards the monthly resistance level, here we may see a reversal start to form along with further economic activity this week and next. 1:1.7 risk reward. At your own discretion. Looking for traps. Don't get drawn into piling on lots...
SL: 1.1380 (140pips = 1Risk) Entry: 1.1240 TP: 1.1000
If you are long price could draw a third solid expantion. Price is reaching the D1 Trendline so be careful with the regret.
The EURUSD has been recently trying to retrace after a massive 3,500 PIP drop from May of 2014. During this retracement, a nice Flag/Channel was created and then broken to the down side. Most recently the bottom of the channel has been retested and it looks like the EURUSD is ready for the repeat of history in one of the greatest free-falls in a while. The...