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Eushort

Eur shortGreen trendline mach on 4h timeframe, we see nice rising wedge on 1h. Blue trendlines shows us that big chanel on 1D timeframe, I believe that most of those who follow EU know about what I'am talking. So about market at the moment we are on top of EU daily chanel and I believe that we are finally moving to top of the wedge, so I expect small break to top before going down, but my first goal now stands at 1.118 later possible downside to 1.113. Good luck, trade safe.
Short
by EdgarsFX
EURUSD Trend ContinuationEntry - 1.1755 Target - 1.16555 (120 pips) Stop Loss - 1.18505 (75 pips) This is a trend continuation idea for EURUSD. While some USD Pairs (AUD, CHF, JPY) appear to be at an inflexion point for a potential correction, in my opinion the Euro should continue this bearish cycle. I define a downtrend on a four-hour chart when the price is under the Ichimoku cloud, the 200MA (blue line) is above the cloud, and where price action reacts reliably off of the Ichimoku conversion line and 30EMA (both lines green). The light blue lines are support and resistance levels drawn on weekly and monthly charts. I may cancel this early or revise my stop loss, depending on price action over next few days. I will make any correction to my idea as needed. The stop loss is located above the 30EMA and area of previous support (now potentially resistance). Thank you for looking! -Zedro
Short
by Zedro
Risk Time- EU Short at 1.1195 for 300+ PipsThis is risky, considering the strong wave of USD weakness, but my risk to reward ratio is very favorable. This trade has already been triggered at the entry level and is active. I'm basing my trade on technical, but also on a past support zone and the psychological level of 1.12. To the left of the chart, you’ll notice some vertical blue lines, which identify areas where the RSI had provided high overbought signals. The price dropped precipitously afterward. While there was certainly some higher extensions to the price after these signals were triggered, the 1.12 zone is a psychological ceiling and area of previous support/resistance. MY SL may not be suitable depending on how your strategy uses risk/reward, so you may not want to mirror what I have here. Entry Level: 1.11950 Stop Loss: 1.1295 Take Profit: 1.08375 I will provide updates as necessary, seeing as this is a longer term short position. Good luck.
Short
by Zedro
2
Time to short EURUSD?Yes! Or at least I think so. Indicators (RSI, MACD) are signaling a correction and we're up against a couple of trendlines (see wider view in chart below). This trade may not be for everybody with its one to one risk/reward ratio, but I'm confident in this position and would be happy to average my position here and there up to the second trendline. I've based my take-profit on a fib drawn the most recent climb. I'm also planning on closing if the price hits the 100SMA before hitting my target. Frankly, the 100SMA would be the ideal, dynamic TP level, but for this trade, I'll stick with the 0.383 (1.08050). Scary times to trade Euro-pairs given the upcoming French election, but there is time and room for a correction before the final round. Entry 1.0940 SL 1.1070 TP 1.08050 Good luck!
Short
by Zedro
2
Upcoming Long or Short Opportunity: EU at Converging TrendlinesI'm mostly on wait-and-see-mode with this trade, but there's opportunity for large, longterm profits in EU. I'm looking at this inverse head and shoulders pattern/symmetrical triangle. Here are two scenarios I'll be tracking if/when the price hits the 1.07940 area: 1) Inverse head and shoulders neckline is broken. In this case, we are in for a longterm uptrend (TP targets would be identified later). I would recommend buying into this trend after a brief retrace to around the 1.08000 level (psychological support after breakthrough). 2) Continuation of trend within the symmetrical triangle. In my opinion, this is the more rational scenario given Eurozone instability (Brexit, elections) and U.S. strength. Also, my MACD and RSI techs indicate a potential reversal. This is a medium-term downtrend to a TP at 1.06000 (again, a nice psychological level). Symmetrical triangles are traditionally neutral in nature, so I wouldn't be surprised if the lower trendline acts as support for a pivot up. I'll be monitoring this and will provide updates to my idea. Good Luck!
by Zedro
5