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Eurusdbearish

EURUSD Short Setup (not yet...)You can see that EURUSD respects this daily down trend. I know this trend already tested a few times but I still think there's more to go. This is how i have planned my 1:2 risk to reward trade: First of all; EURUSD just crossed the middle of the trend. We can expect a pullback to the middle support line. If i go short from here, my risk to reward will be 1:1. We can see that stochastic is almost oversold and pointing up. I don't like drawdowns so I'll pass 1:1 trade and wait for the price to hit the resistance. I'm planning to go short once we hit the resistance of this descending trend. Entry: 1.13510 SL: 1.1450 - 100 pips TP: 1.11460 - 205 pips This time I don't have any other profit levels. Only one. Also I'm not planning to trail my stoploss until the price hit to the middle line. I will then move my stoploss a few pips over the most recent swing high and no it's not break-even. As this is a descending trend, levels may change by time. We don't know (we can not) when the price is going to hit to the top. It may not even hit. That's why, I'm going to update this post accordingly. I know 100 pips might look a bit scary but i am good at managing my risk. I'm risking only 2% of my account balance here. Disclaimer: This is not financial advice... Trade safe, Atilla
Short
by AtillaYurtseven
EURUSD Daily Short, 1 Hour looking for an up retracementOke so this idea is maybe a bit unclear, but I publish it anyway so that tomorrow evening I can look back and see how it evolved. At the moment the daily time frame is a clear short, if you plan to hold your position for a few days then dont even think about buying it. The 1 hour time frame looks more interesting, as you can see it has developed a so called bullish wedge, meaning price will soon break out to the upper side of the wedge. Since the daily looks very bearish I predict that we soon see a retracement around current levels up to 1.1840 before the big down move continues. How to trade: If you got guts then scalp a buy for 30-35 pips and then enter a short for 100 pips. If you play it safe then wait for the spike and enter a sell. Tomorrow when this upmove has happened I might publish a new EURUSD idea based on the daily time frame.
by JoshFX1
2
EURUSD Bullish Break Out PossibleEURUSD on the daily time fame shows a possible interesting setup. Its approaching the next resistance while the Stoch indicator has enough fuel left to go up forward. Only thing missing yet is the ADX green line crossing over the red line. EURUSD will be interesting to keep an eye on as it keeps climbing up. When on the ADX the green line crosses the red line its a nice buy signals towards 1.18 Keep an eye on EURUSD and once its ready to go I will update this idea with a "trade active". Based on the setup it could also still bounce back at the resistance, will all depend on how the indicators look at 1.1680
Long
by JoshFX1
EURUSD October 24 OutlookEURUSD October 24 outlook Let's analyze what will happen on EURUSD, especially on this week. As we can see this pair still in down trend, maybe buy is not a good option trade. If you wanna buy in this pair, use a stoploss and open at right support level. There is two major forex pattern in EURUSD, channel down pattern and descending triangle pattern. At channel down, as long as this pattern not break up, Sell and take profit inside this area will be best option, keep short position on EURUSD, and wait for another short change. Descending triangle pattern are very important to find where is the strong support, and intraday bullish possibility. Ad if the support break down, short position will be save heaven for all., because EUR/USD will enter the zero-G freefall to 1.000. and its very suitable for swing trader. But breaking the major support its not easy, as we can see 1.0820 are may 27 strong support level, and also strong support at july 21 and march 29. So to break down this support need a strong fundamental news event. Move to resistance level, in EURUSD there are two strong resistance for this week, June 23 and july 22 support will become strong resistance, August 05 and last week resistance also a good resistance for this week. So we get our resistance level at : Resistance 1 : 1.0950 Resistance 2 : 1.1040 So this week support resistance already clear. If you are in short position, best TP at support level, and if you are in long position, best TP at resistance. Best opening position for this week base on fibbonaci pattern. If the price bounce up, wait for sell entry at .618 and take profit at 1.414
Short
by AzrulAzir
1
EURUSD BullishWill the EUR strength continue? I'm not sure if it does, it might be need some positive catalyst to push it above 1.1600 handle. Event Risk Thursday, May 12, 2016 04:00 EUR Industrial Production (MoM) (Mar) 0.1% -0.8% 07:30 USD Export Price Index (MoM) (Apr) 0.1% 0.0% 07:30 USD Import Price Index (MoM) (Apr) 0.5% 0.2% 07:30 USD Initial Jobless Claims 270K 274K 10:00 USD FOMC Member Mester Speaks 10:45 USD FOMC Member Rosengren Speaks 12:30 USD FOMC Member George Speaks Friday, May 13, 2016 01:00 EUR German CPI (MoM) (Apr) -0.4% -0.4% 01:00 EUR German GDP (YoY) (Q1) 1.5% 2.1% 01:00 EUR German GDP (QoQ) (Q1) 0.6% 0.3% 04:00 EUR GDP (YoY) (Q1) 1.6% 1.6% 04:00 EUR GDP (QoQ) (Q1) 0.6% 0.6% 07:30 USD Core PPI (MoM) (Apr) 0.1% -0.1% 07:30 USD Core Retail Sales (MoM) (Apr) 0.5% 0.2% 07:30 USD PPI (MoM) (Apr) 0.3% -0.1% 07:30 USD Retail Sales (MoM) (Apr) 0.8% -0.4% 09:00 USD Business Inventories (MoM) (Mar) 0.2% -0.1% 09:00 USD Michigan Consumer Expectations (May) 78.1 77.6 09:00 USD Michigan Consumer Sentiment (May) 90.0 89.0 12:05 USD Baker Hughes U.S. Rig Count 328 Other Analysis
Long
by ChadBilon