Just entered this EURJPY trade short just now which is pretty much 1hr after the FOMC announcement.. EURJPY has been consolidating for most of this week and it is finally breaking with the FOMC as the cataylst. Expected Price target is around 135.55 which is around a 75 pip target
Price at key area of support If P breaks TL, shorts targeting 10950 If TL holds I shall remain overall bullish Target 11600
Currently short from 11690 after the breakout and close Targeting my support zone + TL Where I will be looking to add long positions, as my overall bias for Dax is once again bullish
Again everything in line with all the intraday pairs today and the eurusd is no different. Downtrend broken and now expecting bullish momentum. Price target 1.0940
This is very simialr to the EURGBP trade i posted as also the downward momentum stemming from the greece situation since the start of this month has been broken and I'm expecting bullish momentum to arrive. Expected Target is around 135.90
I placed this trade hrs ago and Im abit late posting this as i had some things to do tonight. This play is very straight forward as the downtrend that started this month due to the whole greece situation is broken which is highlighted by the yellow box. I waited for confirmation that potential bullish momentum to come in then entered in. Target around 0.7020
i will expect the price go back to 0.382 and short after it.
Obviously due to the whole Greece thing, this pair has caused alot of confusion for alot of ppl. I maintained my short bias for this pair because of those 2 yellow boxes. The upper yellow box represents price failing to make or even test the high it set few months prior which is highlighted by the red box. And price finnaly cracking the upward trend-line within...
EU Is fast asleep but will wake up at destination : 1.07 south EU is still bearish - despite of all the noise and bull-shooting..
This is purely technical as there still alot of confusion surrounding this pair b/c of everything going on with Greecel. The 4hr Chart is showing downside selling momentum and I am playing that selling pressure on the hourly chart. Expected Price Target is around 1.0890
Reason 1: Broke Symmetrical triangle Reason 2: Broke previous support now resistance
DMI pattern repeated, notable stochastic similarity, below 8 and 34 EMA. This downtrend needs news if it were to turn around, but otherwise we're heading down
After good decision from greek side we see no wall to grow up for most of EU equities. I see it strongly as buy after price break up the resistance.
Short opportunity as in my opinion we start at wave 3 of a new downtrend!
Expecting the DAX to make a new high later this year.
We have seen the Bears in control for some time on DAX, breaking both the inner and outer Trend lines, signalling strength to the downside. However the Bears failure to reach 10600 indicates that they are exhausted. From the open this morning DAX has smashed back upwards through the Outer Trend line a good signal that the bias has now changed. For me personally I...
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90