Eurusdshortsetup
EUR/USD - Finally broke it!Alright EUR USD finally did it! Broke 1.15400 that in the last months has been really strong and was able to keep the price up. After this breakout we are going to look for some short position! Where? Well the best entry would be 1.15400 obviously but don't really think will reach it , bearish impulse has been strong and don't think there will be a lot of buyers that push price higher. A good zone might be 1.14800 , in lower timeframes you can see a minor resistance. Will update the idea with the picture in 15m. That's what i see , a strong short continuation but we want to keep this train but with a good price like that our R:R will be perfect! See you with the next idea!
Taranasus's EURUSD ShortPrice reached a new high in the last two years, just one day after the last new high. It is very far away from its short-term ascending support line, not to mention its long-term ascending support line. I expect it to at least fall to its temporary ascending support line which creates a good shorting opportunity. If by some miracle it decides to break this support line down to the next one, we're into some serious dalla dalla. There is a very small chance that it might get pushed higher again, that's why the stop-loss is quite high on this one, so patience is key!
EURUSD CORRECTIONI have circled the support and resistance in this pair. This our WEEKLY chart. That long wick is an indication of a correction! The 38.2% is my TP on a SHORT. If it continues, we're looking at 50% next. If THAT continues down, we're looking at 68% as a 3rd TP. Watch to see what happens in the coming days.
EUR/USD [1DC] What Next?! Noise FREE Setup until December 2017.OANDA:EURUSD
Hi Guys,
This setup is my own expectation of EUR/USD price action up til December 2017.
Total Direct bearish action: 750 Pips
Total indirect bullish/bearish action: 3000 Pips
1st Impulsive bearish wave: From 1.09400 to 1.06600-SHORT
2nd Impulsive bullish wave: From 1.06600 to 1.09200-LONG
3rd Impulsive bearish wave: From 1.09200 to 1.05000-SHORT
4th Impulsive bullish wave: From 1.05000 to 1.08200-LONG
5th Impulsive bearish wave: From 1.08200 to 1.03300-SHORT
6th Impulsive bullish wave: From 1.03300 to 1.06600-LONG
7th Impulsive bearish wave: From 1.03300 to 1.01600-SHORT
This setup is based on price action during 2016 which has been ALMOST IDENTICAL in its behavior in comparison with 2017 so far!
The price is moving in a huge descending channel and now is forming a big flag that will bounce off the down trend line and break the flag bottom line to 1.05000.to go back and retest recent highs around 1.082. Read the chart with some focus to follow up with the rest.
Remember that this setup can change anytime due to any intense fundamentals that might VOID the whole analysis.
Regards,
EURUSDAs long as price don't break resistance we can expect possible new bearish wave.
If fundamentals that are bullish don't bring us above 1,10 we are expecting our old bearish targets based on fibo levels and support levels.
If price menage to change fundamental uptrend we also expect that price will fulfill GAP.