jrashaadtrades

jrashaadtrades

EURUSD Short trade set-up after trendline break. I'm looking for price to enter back into the 38.2-61.8 retracement of recent move down. Trade is SHORT below 1.2235 with an initial target @ 1.189 to develop over the coming weeks.

jrashaadtrades

Regardless of what market Bulls are predicting, it appears as if we're entering at least a range if not a preliminary market downturn. Every day that the market has closed up since February 5th's "flash crash" my inbox is flooded with "see-we-told-you-so" messages by bullish commentators touting the impending market surge. Every day that the market is down the...

jrashaadtrades

Long 2 contracts @1.249 before neckline break @1.252. Looking for resistance at 100% Fib extension @1.279 from low @1.208. Anticipating pullback into .61.8-38.2 zone next week to two weeks before continuing ascent towards 1.618 Fib extension area around 1.325-1.332. ADX also showing move above 20 and +DMI clearly in ascendancy.

jrashaadtrades

$EURUSD broke through bottom of triangle @1.1684 after previously reaching the top of the channel. Also looking to put in final leg of the right shoulder. Price searching for support, probably around the 1.16750 mark. ADX below 20 so no obvious trend, though I'm setting up for further bearish decline.