(X) wave triangle may be forming..small pop to complete black dwave then drop for e to complete (X) then huge pop again TO COMPETE THE (Y) WAVE..notice how all subwaves of the triangle are 3 wave structures(green).Leading diags are in green; ending diags in red. FXE options are a way to go if u dont like the currencies ..wait for e to end then sell put spread at...
My first public chart here on TadingView! This is a simple analysis using support and resistance levels and a trending line. The EMA is added to give some more data. As we can see, de pair is currently on the bottom side off a triangle and getting squeezed between the EMA and the support zone. The levels (support, resistance and diagonal line) on the graph...
Possible short as it looks like a breakout re-test continue. Failed to close above resistance of1.14000. We could see the EUR roll back down to April lows of 1.0600. If we break the green CTL ine then we may see a 4th push back up to resistance.
BEARS!!! let the siege begin, 1.10429 has been broken and re-tested for a real move down south.Visually you can see my targets, those are logical points in market where the market has been before: individuals and institutions will be looking to push the market to those level before anything else. As you know humans are repetitive that's why the market usually...
Last wave E in triangle ABCDE EURUSD and price go down to 0.95 or more.
Scalp short euro 5m rsi high, Stoch RSI signal, tight stop-lose which will be moved to break even as soon as looks downish
Counter-trend trades offer the opportunity to take good positions in established trades. Two possible areas for counter-trend trades are below. The idea is that price moved so strongly away and there might be a possible move away from there with low risk. Rally @ 1.1130 EP: ~1.11300 SL: ~1.11100 TP: ~1.12580 (maybe 1.1340) R/R: at least 7:1 Rally @ 1.0935 EP:...
EURUSD is in a downtrend. Still high in the curve of the new downtrend, it is possible to re-enter the trend in good zones. Two possible entry zones are @ 1.1258 and 1.1335. There is a clear exit price at 1.1130 but prices could sail lower to 1.1000 as there is no obvious demand above 1.1000. Drop @ 1.1258 EP: ~1.12580 SL: ~1.12830 TP: ~1.11300 (maybe...
Rejection of the range with a pin bar and creation of a flag. Close is above 200MA. Long at break of pin bar.
As I told my Syndicate members last night, although we’re at a minor level of structure, double bottomed at that level (LTF) and are currently putting in a 2618 on the Euro, I have no intentions of buying. It’s not a Greece thing, or the fact that I’m scared to pull the trigger after yesterday’s losing trade. It’s simply because I have no real place that I would...
Surprisingly the bulk of the movement on EURUSD yesterday seemed to come in the…Asia session (whaaat?) Anyway, we are now down in a zone where I thought we may see a potential reversal. Personally I got long on the smaller Gartley pattern this morning (from 1.1231) but keep in mind we also have a bigger bat pattern lurking down at 1.1182. I got the question...
The response of last week's test of following a single pair throughout the entire week was FANTASTIC! I really enjoyed doing it, and a lot of you really enjoyed seeing how my analysis (IF/THEN Thought Process) changes throughout the week. Per request, this week I'll be following the EURUSD. Now Monday's are typically my non-trading day. I will place them if...
The euro has come under pressure in the past couple of hours with fears over a bank run in Greece. I currently have the impression that a swing high is in place, and a break below $1.13 today would suggest a fall back to $1.12 early next week. Such a reversal may also open up a medium-term target of $1.105 depending of course on how the Greek drama plays out next...
Higher lows and lower highs are being made on EURUSD 1H. Possible breakout. UPDATE: nice breakout. As of this update, price is resting at approx. +35 pips. UPDATE 2: We have come back to retest the trendline. Form your own opinions. This is not to be interpreted as investment advice. Trading leveraged products carries a potentially high level of risk. Losses...
EUR/USD - 1hr Chart - Gartley Pattern Here on the 120m chart of EUR/USD we have another nice Gartley Pattern setup. Being on the 1hr chart we are still around 125 pips away from completion, however it is more beneficial to be 1 step ahead at all times. We must see a completion at D leg ( 1.108 ) before any long entry is triggered. - SL must go below X -...