Confluence on the Daily chart in EURUSD. After watching price action on smaller TF's this morning, clearly this was massive institutional accumulation. Banks were provided with much liquidity from retail traders selling/hodlers taking losses.
Macro Euro Monthly Chart (channels drawn on quarterly chart) - We have been consolidating for months on top of the lower part of Euro's historic uptrend channel, against shorter term steeper trendline. Ask yourself which one will win.. Cut out the noise and zoom out to get your ideas, zoom in to enter your trades and swing your way to freedom.
Morning traders ! Today i show you my view about eur jpy . This cross is moving into a rectangle from more than 1 month , the resistance of the rectangle is around 132 zone while 129.5 zone is acting as a support. In 1h timeframe i've spotted an ascending triangle already formed. The breakout of this triangle may be the signal to go long till 133.5 zone , another...
daily engulfing on euro chart gives us bullish signal in the near term to target again 1.2450 however possible triangle is in shape to finish wave 4 before the final impulsive wave 5 starts 1.2900 is my long term target. closing below 1.2100 a daily close i mean is a bearish signal and we invalidate this scenario.!!!! good luck
Eur is still making higher highs, euro is extremely strong right now. Just looking to squeeze out the last pips out of this pair. My target is the weekly resistance at 1.1925
Simple Idea: If we see the 3rd-touch of TL and structure retest of 1.1570, we can look for a nice 140 -180 PIP upside move to first 1.1710 and second 1.1760. It would also a ABCD pattern.. But be careful, EURO is rising to the moon the last 3-4 Weeks..Keep your mind and eyes open....
EURUSD new Yearly Highs. The yesterday Daily breakdown through the Lows, was a Bear Trap. Now we can see a climb to new Yearly Highs. First Target is the area by 1.1250 and next Target is 1.1350 In my view it`s possible that fresh Sellers comes by 1.1250, this Sellers are important, for new fresh Highs. Good Luck Michael
IMPORTANT NOTE: You should read my "Link to Related Ideas" to see the changes I've made. I've wrongly graphed the 4-hour chart regarding this Forex pair -- I adjusted it to the actual one -- and now I am seeing the final of the Euro rally relief -- comeback is real? On several Euro pairs such as EURUSD, EURAUD, and EURJPY, fakey pin bars have formed suggesting...
Seems like a Inv.HnS in the Index. DXY seems like retesting a descending triangle formation with limited upside and big divergence in the RSI. Both premises together make me deduct a probable strenghtening of the EURO. Also, French elections + Eurostocks sentiment are good. We can ride this uptrend while it lasts.
Fundamentals: Strong EUR because of French election and weak yen Technicals: Just broke 122.05 which is a strong level, looking fo a retest with a rejection there, creating a trendline, followed by strong bullish momentum.
EURNZD posed for a breakout long on weekly .786 retracement
Good RR. EURUSD up to 1.18xx with Option to 1.20xx - 09/2016 to 03/2017. Watch out: italian Banks could be the next threat for financial markets and finally for the global economy. #Baddebt #high #volatility / Just FYI. For all other inquiries, don't hesitate to leave a message. I wish you best success.
The divergence between the two central banks of the ECB and Fed still remain with the ECB still in QE and the FED about to raise interest rates. However the Euro is being used for save haven flows at the moment due to its size and will remain so whilst we have uncertain market conditions in China. We still expect the EURO to reach parity against the USD some time...