Instead of going long here for a ride up I will look to short EURUSD pair if it gets between 13550-13650 range with stop loss around 13720-13770 depending where I get in! and target price will be 13120. Total 2 positions will be taken at different levels depending on market conditions.
Please remember the analysis are done on weekly chart so might take some time. Entry area 1.12162 -1.12420 with stop loss around 1.11000 and target price 1.20700.
Another good short is shaping up. Risk Reward ratio quite high. Short area 17070-17150 and stop loss will be above 17250 and the target is around 16370. As usual There is no hard stop loss. For people who like low risk trade setup, they should wait until the BOE inflation report and BOE Governor's speech. All constructive criticism is welcomed.
Right now on channel support with bullish divergence. Might push higher toward .99 and parity level. I will look for shorts there. Right now I am long with stop loss 9310 and target .9870.
H&S look, nice divergence on daily. This one is a wild pair and has a habit of spikes (only for gamblers) so stop loss has to be a mental. Short around here with the stop loss around 16890 and 1st target price 16270 and 2nd target will be 15870.
I don't trade euro but euro setting up for a short trade between 13670-13740 range with stop loss around 13790 and 1st target 13280. All depends on ECB!
Short area is between 16100-16150 with mental stop loss around 16230 and the 1st target around 15770.
Wait for divergence to appear around .8400-.8420 area before going short. With stop loss around .8476 and target around .8100
I have changed my view from last update, Now i am short and think it has long way to go down before I will become bullish for long term.
If it gets to 1.39-1.40 are then euro should be good short, same goes for Gbp/Usd pair
Looking prime for move up