hello dear traders and welcome to growing Forex A nice spike yesterday for EURUSD moved the price out of bearish pressure & its heading north. Moreover I'm not neutral its just that i,v started betting on the euro from yesterday's speech of Mr.Mario Draghi. He said that there no change in our policy & are trying to increase the asset purchasing to 74 billions...
Bearish divergence at RSI. Looking for a bearish movement if price stops at this point.
Price is moving bullish with high volume. If price stops at the top of channel, and volume decrease, will be nice opportunity to open short position till the bottom of channel.
"Trend is your friend, you must follow it"- Thats what technical books said. Bearish trend, that coincide with 50% fibonacci level(aprox).
Price has broken support range. I think is not the best range figure, but probably its enough to confirm a bearish movement. Price is returning to this break level, so time to go short.
Price has stopped bearish movement in a clear support level. Looking for a rebound till resistance level.Then, we would have a possible double-bottom figure.
Price has broken bearish channel with "powerfull" candle. Now is doing a pullback till support. Then, we can open long position with a target of 87 pips.
I think the chart tells it all, after breaking a huge triangle on the weekly chart (golden lines), market created a new triangle below the breakout point (violet triangle), you can say it is some kind of an continuation pattern. After the bazooka from draghi last week, euro moved sharply lower, we have been consolidating for about 48hours, and i personally think...
We should be seeing a turn in the Euro very soon. I'm already long with a wider stop and looking to add to longs. I advise caution today, the market is awaiting Draghi later today. We're overbought in 4h, and RgMov shows bearish sentiment in this timeframe (contrary to daily and weekly bullishness), so a new low could trigger selling in the short term. What I'd...
The bullish Gartley scenario triggered today as the EURUSD entered the PRZ. We have Draghi speaking later today and the focus is on 1.07-1.075 as potential reversal zone. Potential target zones - 1.085, 1.09 and 1.1
Long EURCHF - 9/10 Conviction: 1. Having watched the 1.08 level closely post-brexit it certainly looks as if there is some FX intervention going on at the 1.08 handle - suspicions enforced even more as SNB President Jordan has said in the past that FX intervention is on the cards should CHF move even higher when we were around this level previously. 2. Ive...
Long EURCHF - 9/10 Conviction: 1. Having watched the 1.08 level closely post-brexit it certainly looks as if there is some FX intervention going on at the 1.08 handle - suspicions enforced even more as SNB President Jordan has said in the past that FX intervention is on the cards should CHF move even higher when we were around this level previously. 2. Ive...
EU remains Bullish but we have to consider some intersting levels for the Press Conference 1,1020 as a Bear Level 1,0995 as a Target Level for a Bull movement by now 1,0962 as a Bull Level 1,0940 area as a TARGET for a Bearish Movement
The Euro was murdered last week, falling over 200 pips and breaking below wedge support dating back to December 2015. Pair has found interim support in our initial target zone and is currently correcting higher. Initial resistance is a zone stretching from 1.1050 - 1.1070 and we expect the rally to remain capped below there. Bears will be looking to retest the...
Today we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode'). We have some worrying bearish signals, so it's a good idea to have a...
In this chart, I'm looking at the Euro and an inverted Euro chart, to help me determine if I have a bias when trading it. Seeing the bottom chart, I feel it is a long here, specially since we're breaking out above an inside trendline. You can refer to my analysis in related ideas. I also see a short in the inverted chart, with Friday's action being quite decisive...
ECB Draghi: Draghi: Our Measures Are Working, Creating Jobs Draghi: Our Measures Ensure Recovery that Will Ultimately Benefit German Savers, Pensioners Draghi: We Take German Concerns Seriously Draghi: Economic Policies are Essential to Complement our Monetary Policy Draghi: Price Stability Doesn't Mean Inflation of 0% Draghi: We Need to Act When Inflation...
ECB Draghi: Draghi: Our Measures Are Working, Creating Jobs Draghi: Our Measures Ensure Recovery that Will Ultimately Benefit German Savers, Pensioners Draghi: We Take German Concerns Seriously Draghi: Economic Policies are Essential to Complement our Monetary Policy Draghi: Price Stability Doesn't Mean Inflation of 0% Draghi: We Need to Act When Inflation...