TheBulltrader

TheBulltrader

With poor U.S data today, the Euro rose vertically against the dollar. I closed 3 trades around 1.068 and am looking for a little more retrace to satisfy my greed in buying again. I prefer to buy at 1.062 to add to my final trade. Stops are in the profit and am looking for atleast 1.078 level. I'll be looking for Double tops to sell again.

TheBulltrader

As a trader, I am a big fan of double tops and double bottoms. I feel its always worth the risk because of the great risk reward ratio. I have posted two buying options. The first one is an aggressive approach in getting into the market with a decent size stop-loss. The second buying option is to try to get a better price and to reduce your risk and to increase...

TheBulltrader

As you can see on the 4H chart, the market is getting almost into oversold territory. I am looking for recent support to hold for this long and if support breaks; I'll be looking to continue shorts. No news impact so far today so I'll be expecting the market to do its own thing like it usually does. I'm looking for the bullish engulfed candle coming up in the next...

TheBulltrader

EurUsd is showing some strength in last few minutes and starting to show a bullish perspective again with a double bottom RSI in oversold territory with Price action moving into previous support.

TheBulltrader

EURUSD has been trying to break the 1.103 resistance and has been unable to during the London Session. I'll am short EU for another go looking for 1.09 with trailing stoploss into the profits! RSI divergence on the 1H and broke RSI trendline on the 15 minutes.

TheBulltrader

Taking this approach to short as there is not much more room to the upside if last resistance holds at 1.103. We could go up to 1.12 but mostly likely after a retrace. 4h rsi is overbought as well

TheBulltrader

RSI is overbought and looking for a retrace and further decline. For this trade to be valid; The Price at the moment must not break above previous High - 1.09241. The market is teeter-totting between the bulls and the bears and we will find clear decision soon. Shorting looks good as it is going with the monthly trend; Possible making a lower high on the 1H and...

TheBulltrader

Today's possible breakout would be a huge success for the bears as they are trying to take back the market. The Bulls however have been very strong lately and are trying to hold the 1.08 support. I suggest the market wants to retest 1.10 level and further until euro weakness is proved by the data.

TheBulltrader

EurJpy has continued to go up short term and is testing the support level 130.4; Rsi is oversold on the 1 hourly and encourages buying. However, EurJpy has already gone above previous monthly support at 130.124 which will encourage bears to come in and short making it the "new resistance". This is either a fake out to the downside or will break through short term...

TheBulltrader

EU is coming into previous support which for the long term should become resistance. Also, Daily Flag pattern suggests downwards move in trend continuation to the 1.01 area. The Box Shadow will likely encourage the Bears to come in and whoops some Bull's Horn if you know what I mean.

TheBulltrader

EU finding support at previous resistance. Expect a Double top or upward continuation. Also, Bullish RSI

TheBulltrader

EU about to touch trendline. Lets see the Bulls.

TheBulltrader

EU broke the 15 min - 30 min Flag. Projections to previous support. Risk- Going against monthly Trend

TheBulltrader

Euro has seen a nice rally today but less than I have expected so far. EU is struggling around 1.0930 with a doji on the hour if it closes and RSI in overbought conditions. It is Monday so less volatility could explain why EU has found resistance early.

TheBulltrader

RSI looking to make a double top; Price action is a double top and There may be more upside since FOMC removed "patience". Maybe wait to retest the long wick for better risk reward.

TheBulltrader

Closing out on 100 pips on my eu short and going long on a bullish rsi and upward trendline. Looking for a double top again.

TheBulltrader

GU coming into 4 hour support and previous support.

TheBulltrader

Let me make this clear, I do not trade harmonics but I thought it was a good post because the fib extension of the BC leg is right at previous support which could become resistance. This is just to share an idea with you.