EXY
EJ : Daily UpdateWe remain ready to execute a long position following the correct rejection and price action of the zone colored green in the chart. You can click on the linked charts below to see this trade setup published earlier this week. We have just now had the first real true price action this week and we look to take advantage of any opportunities that may arise.
EU: Daily UpdateWill be looking to enter long Euro following a daily rejection of 1.1. We expect some more downside price-action today and will be on the sidelines until the lower levels of support (1.096) are rejected. Key to this setup will be the daily price closing above 1.1.
No entry until rejection is confirmed.
EU: Update for todays trade ahead of CPIWill be looking to enter long with this setup, as we've tracked it's downward price action so far into our buy-zone shown in the original chart posted a few days ago. This entry will be provided in our telegram as a buy signal with entry, specific stop loss, account management info, and fundamental data. It's important to remember that CPI numbers come out in 1 and a half hours, so this setup won't be valid until that liquidity has entered the market, thus our bias remains neutral as it's in a shorter term (1-h4-4-hr downtrend)
EU: Long Setup (11.12)The Euro has dropped steadily from the previous higher-low in the current long-term downtrend (1.11795). The weekly support of 1.1 is within 10 pips. Tomorrow and this week we'll be looking for longs at the key level of 1.1 Staying dynamic and not being stuck on one bias is key to seeing through the noise and trading the Euro in peace. If support is found, I expect 1.175 to be hit as an upside target very quickly.
This trade entry is provided in our telegram channels.
EUR/GBP Consolation Broken EG is pushing to the downside after being stuck in consolidation for sometime. Before reversals to the upside you usually see one more big manipulative push to the downside before rocketing up. It is still too early to tell if this pair is finally going to reverse to the upside, but we definitely need to keep a close eye on EG now that we have pushed below consolidation.
EU Trade Setup: Nov Wk 3 BiasWe'll be looking for long trades early in the week from EU, which will either be a short term or long term trade depending on how early and easily we can get an entry. As posted last week, our downside target of 1.1 is within 20 pips from current prices. The current long zone shown in the chart is supported by confluences including fibonacci zones and a key level of 1.1.
At the moment we look bearish, including the daily time frame. However, we expect to see support at the zone colored yellow.
If this rejection is big or not also includes the probability of rolling to the downside. With this in mind, we will wait until price action has developed and the market is trading over 100% of the normal volume.