Longing the EU troll does not really seem like a great idea, does it? Good Luck anyways!
Possible downtrend channel about to be broken towards the upside of .80 cents imo...
DAX has been in a real uncertain territory over the last several weeks, Price has been fighting to break the weekly TL support which spans over 1610 days. Finally last week we had a close above the weekly TL support, with support at 10k helping to create a price floor which prevents it from going lower. The week closed with a very nice pin bar, so as of now I am...
The bears have kept control of the market and in doing so have broken the first Trend line support. Next key areas stand @ 9600 and the next Trend line support. The Feds outlook on the state of the economy at the moment has led indices further down, as confidence is dwindling investors are reluctant to buy. Price has broken the TL but its not that much of a...
This last unreal bullrun was probably the very last... R.I.P. Troll! Exposed midterm tagets: 1.0870 - 1.0650 - 0.0980
So it's been a crazy week for the stock markets around the world and everyone's trying to point the blame at something. Whatever the reason you believe don't let it justify your reasoning for entering a trade, enter only on what you see not what you hear! I can't stress this enough! So many traders are throwing money into the market trying to catch falling knives...
KEEPING THINGS SIMPLE ON THE EURUSD (1 day, log scale) I couldn't believe EUR could show itself to be THIS strong. It's a crazy week. Shorts were stopped out - of course. My wrong. - tops had been tested, and have now been broken (on heavy volume) - we've moved outside of the range - expect retracement first, and on that retracement, have a very good look at...
Let's look at the really big picture here on the EUR/USD- the MONTHLY chart (log scale). Note: this is of course NOT suitable for trading. Beware. Usage: - protecting your savings (by going into USD) - determining the overall trend (which pressure prevails, when going down to lower time frames?) - as well as determining important support & resistance...
KEEPING THINGS SIMPLE ON THE EURUSD / UPDATE (1 day, log scale) - tops have been tested, but could not get broken (even despite heavy volume) - we're ranging, now down again - note that the attempt to break the downward resistance line seems to hae failed - RSI is showing no bullish signs, though it is holding up. It broke the resistance line, now a retest....
4H double bottom at key support Expecting price to try to reach 11300 Whether or not it makes it there is the question MA's on higher TFs Bearish Looking for shorts @11300 or if PA indicates exhaustion 11300 shorts may be taken
Confluences : 1/ High test 2/ resistance 1.4475 3/ Bearish MACD divergence 4/ 2nd time we fail to break this level, but it is not a perfect double top if u look intraday.
11300 broken Price now reaching 10950 Strong support and TL If it breaks further downside to 10633 Holds - Price may reach 11300 again before falling further Dax is in a bad way at the moment, off of my previous analysis I'm still short. We are approaching some key support levels, initially the one to look out for is the 10633 zone If this is broken there's...
I have identified a valid double top on the 4 hour EURUSD Chart. All my Technical confluences point towards a short scenario likely. Risk Reward is a little over 1:1 for T1 so this makes it a valid trade
It could be said that it is slightly strange that the Euro isn't weaker. As of writing, EURUSD is trading at 1.1040 after seeing lows of 1.0458 back in February 2015. From March last year until February this year, EURUSD was in a very steep downtrend with a range of ~3500 pips. Since then, the pair has remained relatively stagnant, after seeing a bounce off of the...
Euro has rallied up and to be honest im not sure why, It just seems to be holding up now before hitting new lows. But I believe this is inevitable and I think the bears are still in play so ive got a short order ready. Looks like there is support occurring.
THE EUR HAS FAILED TO BREAK OUT AND CLOSE ABOVE ITS 4H CHANNEL THAT HAS FORMED, A STRONG REVERSAL CANDLE FOLLOWED BY A BEARISH ENGULFING CANDLE ADDS FURTHER CONFIRMATION FOR POTENTIAL TREND CONTINUATION. THE 150 DAY MA PROVES TO BE A STRONG LEVEL OF SUPPORT, OFFERING A GOOD PLACE FOR A STOP - WITH A STRONG RISK/REWARD OPPORTUNITY. FUNDAMENTALLY THE EURO HAS...
The sharp rise in sovereign yields in Europe has taken a lot of people by surprise, and the sentiment in the market is more and more bearish as people are starting to believe Bill Gross's "short of a century" statement made two months ago. We should all be asking ourselves if it's reasonable to expect yields to keep rising over the long term as the ECB will...