EURUSD : break resistant line and throwback completely Now it will go to next resistant line.
With all the oil drama and the notorious interest rate hype... We are hoping to see EU kiss 1.11399 , 1.12000 , 1.13000 , 1.13897 Please place your SL accordingly :) see you at the top!
ABC wave pattern seems to be complete. But is the correction complete yet? Looking at last weeks price action we cannot discard a prolonged flat correction . But I will still be looking for long opportunities, as I expect wave 3 to the upside.
Hi all, Development of two harmonic patterns. The butterfly pattern (in pink), to me, is more attractive because it suggests bearish trend is still intact. @ 1.11 we have several indicators for a good selling opportunity. However if market decides to roll over, I will see to it that this bearish channel holds. Laurecen
EU on leg 4. A key sign to go long after signs show that the trend will continue onto leg 5.
see chart - eu has been rejected from a downward sloping trendline and is currently held up by the 4hr 100Ma. if this breaks, and if this 4hr candle is completed as a bearish candle (tombstone for example), this would be a good short, targeting support levels just above 1.08 for tp1, and 1.073- for tp2
Breakout today. Looking for upside after retracement.
eu short continuous this is the result of my strategy
Short EU. The push of GU creating a new low today shows that the Dollar is gaining momentum again. The Trendline is going to be important if it breaks we should see quiet some follow through. Also: seems like we did just form the potential right shoulder. Hopefully we will also see a lot of follow through once the Neckline of the H&S breaks. Let the next FED...
My thoughts for this trade This Pair is looking very bullish at the moment. -A couple of Long term (Weekly) Fibonacci -Monthly, Weekly and Daily MA's bullish (My MA's of course) -Daily Break retest and continuation of 1.5000 Monthly Res level. Price ready for entry with liberal stop. I Will see how market opens and potentially wait for price to enter a better...