EXY trade ideas
EXY Sell on H4EXY is looking extremely weak based on technical and trend analysis which will hopefully be
respected by the market for those who wish to Short anything Euro related if it applies.
Magic lines have been respected in the past by price action so I hope the trend continues and
another factor that helped me come to this conclusion is the 3 rises and breaks with a W formation at
the top.
Good luck
EURO CURRENCY INDEX (EXY) 4-HOUR TIMEFRAME SHORTThe Euro currency index has been moving in a series of lower highs and lower lows following the unsuccessful European Union parliamentary elections and also all the clouds surrounding Mrs. T. May. A break above the 112 price level will invalidate this idea.
Short-sellers can target the 110.5 area, which is the bottom of the descending channel, as a potential profit-taking level.
EXY some relief for better short positioning?Could be covering some ground here, to obtain some better short positioning on euro all round. General trend bearish since '08, and it didn't have the power to break through to the upper side of the wedge. Instead, we saw accumulation above the pivot in April before a pretty clean break of the wedge bottom, with pullbacks occurring and not being able to close above the trendline. Still some way to go for yearly S1, final accumulation of short positions could do it.
EURO Index Analysisfalling wedge.
we can chechout for short at 113 once trend fail breakout, then look at 110.4-109.6 to satisfy long and target 115.6
EXY just an ideaJust an idea. Fake break of 200 EMA, retested trendline of previous triangle formation, strong rejection off EMA and a smaller triangle formation with heavy bearish movement shown.
EUR INDEX - A big Uptrend soon with HEAD AND SHOULDER patternA Forecast is always 50/50 percent.
3 things for probability increase a Buy:
- The price channel (Support)
- RSI
- MACD
EUR INDEX - Pull Back & soon retest Top?- The main key is the Highest MACD during for 3 months for a retest Top expectation.
- Thus, Probability is 50 + 0.1 = 50.1% for a uptrend.
EXY Weakness Dispite Brexit? Chart says weakness, Brexit says strength...
Which will it be?
XXX/EUR - Bullish?
EUR/XXX - Bearish?
EXY Index Long to 113
I am looking at a Long Position to 113 TVC:EXY
Based on the Harmonic Pattern Drawn, I look for the Retracement of the final leg (D) to go 50% on Fibonacci which lies around 113 range
This is not a recommendation to take this trade
This trade was posted for educational purposes only
