Nordic_Wings

Nordic_Wings

Hey traders! So as promised friday here's a breakdown for the week ahead for EURUSD and how I see things going forward. First let's recap what happened on the larger timeframe: Daily: Few things to note: - The Weekly is in a downtrend since last year (and monthly for even longer) - There has not been a single proper retracement until now as we finally...

Nordic_Wings Updated 

Despite all the sudden spikes due to political reasons, the EUR is on a clear uptrend for weeks now. The next target is the next confluence of resistance awaiting at the Daily FVG that coincide with a long standing support/resistance zone and also the monthly R3 pivot. And to top it all of we are in the golden fib zone as well from the previous highs before the...

Nordic_Wings Updated 

Following my previous idea posted this morning, and considering nothing is stopping the Eur in its track, it's more than likely that we'll be hitting the targets I had in a straight line without a pullback first. In that scenario there is no long I'm willing to take considering the risk/reward needed for such a trade. Thus why I'm sharing this short idea I'll...

Nordic_Wings Updated 

Let's start with the daily TF: We've been in a downward channel for a while now and price seem to try and break out of it to the upside now. Adding to that we also have some equal highs above that haven't been touched for a while now and you can expect that liquidity to be grabbed. Note how that level correspond exactly to the weekly R1 pivot point as well....

Nordic_Wings Updated 

Following the big weekly gain for the OANDA:EURUSD , it seems like there is still some upside potential for the EUR ahead of the Fed's rates decision next week (at which point all bets are off depending on the outcome, even though no cut seems to be almost certain, but might still be used as a catalyst for bigger moves) As seen on the chart we're currently in...

Nordic_Wings Updated 

With the election of Trump and the push higher for the dollar, it seems hard to imagine the Pound will fare any better in the coming months. December is usually a weak month for dollar but we are currently in a normal pullback for the cable. We're reaching the weekly Pivot point which coincide with an historic resistance and the down trendline from the...