Based on our previous long-term analysis (please see links below), our general feeling regarding the EURUSD pair is going short. But, as we mentioned on the original idea, we would expect the price to retrace and retest the previous structure support that was broken a few days back on the 1.05700's region. We believe that this falling wedge formation may...
As described in the original idea, we still believe on the long move of the price due to the formation of the falling wedge. The bottom support has moved short a few pips but the formation is still valid (to my eye). Please monitor to avoid a false break move, be wise to wait and confirm the move using other means, timeframe and/or indicators. The stop losses...
A falling wedge has been forming on the GBPCAD daily chart that lead us to expect a possible Long break-out with different performance ranges. We would wait for the confirmation of the break-out (use any tools that suit your style), and trade long with TP in regards to previous structure support levels as well as a safe SL. All feedback is highly appreciated.
Here we can see an breakout and a retest on the trendline. Could be a good chance for a small short trade.
Breaking down the long-term short of EURJPY as described in the " EURJPY going short " idea (see below) as well as the initial break-out performance, we have come to witness a possible continuation in a similar fashion. Note that the long-term trendline forming the top wedge (based at 121.977) is still strong for a new-forming, even-bigger wedge, with the...
Apple beat expectations marginally at 42.4bn and 1.42EPS. Apple reported not outstanding results, but nonetheless, the earnings call from Tim Cook et al. gave Apple the momentum to break the 101 resistance level and we closed post market up at the last low 100 resistance level at 103.5 (filled the low 100's resistance gap in). Today the market will go either...
After seeing a very strong bullish move up into Strong Resistance area, we are seeing a bearish break out trade forming on the 1H chart looking @ 45 Point stops - 45 point TP1 + TP2 ? ? ?
After seeing price show strong bullish run... looking to take this counter trend trade set up on this price break of 2.0333 1:1 60 points 1:2 120 points 1:3 180 points @ 618 retracement Stops ' @ 2.0394 (60 Point)
Continuation of the past Impulse !!!
This Pair will go really Higher in the Next Year!!!
Looking to get in on the daily, but 15 min chart is suggesting a retest of the resistance levels. I would suggest looking at Tom_Killicks NZDCAD daily chart (link below) below for better clarification.
With all the talk about the euro losing value, And all the evidence about the Yen Gaining value, i thought it was about time i made some money off of it. The problem i was having was where to enter, until now :) So i have identified a completed wave series on the 60 min chart which suggest the market is to reverse and head down , just as the news suggested. I...