this tightening wedge shaped range will broke and it is probable to break to upside rather than downside.
I drew this up on a weekly chart. So take it upon your self to find a good entry point to ride this wave. I would suggest you use a small lot size just to be safe in case of a down draw. OANDA:EURUSD
Today markets another important day of voting in the UK House of Commons where Parliamentarians will again cast opinions on the so-called 'indicative votes' all of which failed the first time around. Regardless, the markets certainly do not believe the UK is headed towards a no deal Brexit, but as of right now that is where the UK is heading as a deal is required...
Fundamentals are fairly important in financial markets. Its why I spend so much time on them. This is how I came to the ultimate conclusion that the trend of EURUSD is down mainly because Brexit, updates of which you can find here: anthonylaurence.wordpress.com While economic data out of the Eurozone was somewhat favorable at the start of the week with the IFO...
The fundamentals of the Eurozone remain weak. The politics are toxic. Technically, RSI has a long way to go before oversold. Moving averages all trend down. I imagine we could reach 1.115 before a reversal to the upside. For more analysis, check out www.anthonylaurence.wordpress.com
I've talked extensively on how a no deal Brexit is more likely here: This is primarily my reasoning behind why I'm neutral to short on EURUSD in the medium- to long-term (1 to 3 months). There's plenty of other good reasons to be short EURUSD including continued weak data releases from the Eurozone, possible continuation of a recession in Italy, and potential...
EUR/CHF tests daily cloud and Kijunsen. Successfully broke the trend line to turn bullish. 200sma first target followed by horizontal levels. Please feel free to leave comments and get in touch with us on: Twitter: bit.ly/2o9ItrA Youtube: bit.ly/2Nh8sbE Tradingview: bit.ly/2PCbed1 Happy Trading! Team Bitbloxx
Possible buy, if we are unable to break and close below support
weekly trendline break re-test and engulfing candle. possible EMA cross over. Higher high and lower highs created. in confluencewith fib retracement. bullisg bias,
Falling wedge with bullish divergence on a 2h tf
EURUSD and my ABCD pattern, which seems very possible to happen soon. We can also hit 1.15000 are for retest of previous structure before going for a target. AB = CD. Target area of 1.16000 is also previous support (now resistance) on H4 from previous months, so it confluence with our target of CD leg. I'm gonna update this idea, whether it goes for retest or...
LONG TP1: 1,1550 TP2: 1,1620 TP3: 1,1650 triangle on weekly
Most of Thursday looked a whole lot like most of Wednesday and the price to Buy EUR/USD kept getting better and better until 1.1575 triggered profit takers and the week ending buy up began. 1.1800 proved a bridge too far however and I'm of the belief that 1.1700 would like a kiss goodbye, before the next leg North gets underway. I confess to being a Mondayitis...
The EURO has rebounded on the fib retracement 78.6% (1.15$) and has already left the support-zone to the top. Hence it has entered the next wave - leading to prices above 1.20$. In that area we see a crossing point from a horizontal trend line and another descending trend line. RSI and MACD have turned, with the trigger line above the signal line (orange). Much...
See my last posts in for other bullish euro confluences