This is my short term outlook on the price of EURUSD. It has already climbed by 600 pips yesterday and I think that the momentum will continue going up for at least for the next 12 hours. The trendline was already broken and crossed one major area of resistance. Hopefully it will keep pushing up.
Price moved in the ascending channel and started dropping after it hit the top trend line. This is pure technical and bar charts analysis. Take profits are indicated by the horizontal lines. The price will continue dropping for a while before it starts heading up again. 10304 would have been the ideal price to enter a short position. The long move can be expected...
On the one hour chart, Dow Jones is looking like its headed up all the way to 26445. I set the stop loss at 25964. This trade would be effective if trader enters it at the current market price. Mainly relying on the breakout strategy for the effectiveness of this trade as well as the W formation that has formed. Let me know what you guys think.
Dollar vs Swiss is going short. This is my prediction based on pure technical analysis.
First take profit is roughly at 0.94578 and the final take profit would be at the major resistance line 0.91937. The perfect entry would have been at 0.95450, however one can enter at the current market price as long as you keep in mind that the stop loss is at 0.96271.
Lets...
