Looks like most of the Euro pairs are lining up in a wedge see my EUR/USD chart for a description.
Its been hard to find clarity these last few months, but I think we can all agree the Euro has a lot of room to grow. Tuesday and Wednesday morning news will most likely be the catalyst for this large wedge breakout. There is still potential for a downside movement so be wary of early week Euro news and Fridays US news.
Looks like another long set up for the EUR. With the long-term day chart bullish trend and the short term set-up, it looks like a 100-180 pip trade over the next day or so. I haven't put in my buy order yet as I am waiting for a little more consolidation in price. Beware if todays USD budget statement (@ 2pm EST) looks good for the dollar it might send this...
Looks like a good short term (1 hour) Bullish pattern, but just be careful of the very strong resistance level (red circle).
The "Daily" long term trend still shows a Bearish pair, while the intraday charts sow a Bullish trend. There needs to be some more influence on this pair to confirm its direction.
The stirling has been running in a nice channel against the Aussie, here is a nice 70 pip trade set up. May raise TP up to 100 pips if momentum is still there.
The stirling has been running in a nice channel against the Aussie, here is a nice 70 pip trade set up.
Bullish long term trend (4 hour chart) with a consolidating short term (15 minute chart). Should pull around 60 pips.