Buy above 1.0711. Stop loss at 1.0622. Take profit at 1.0811. Reason for the trading strategy (technically): Price has reached our profit target for the 4th time in a row. We now turn bullish above 1.0711 support (Fibonacci retracement, horizontal overlap support, bullish price action, long term ascending support, USDCHF negative correlation) for a push up to at...
Sell below 1.0800. Stop loss at 1.0880. Take profit at 1.0708. Reason for the trading strategy (technically): Price has reached our profit target perfectly from previously. We remain bearish below major resistance at 1.0800 (major horizontal resistance, Fibonacci projection) for a drop to 1.0708 support (Fibonacci retracement, horizontal pullback...
There is a downtrend. Set entry level - 1.07675, TP - 1.07352, SL - 1.07975
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Sell below 1.0800. Stop loss at 1.0880. Take profit at 1.0708. Reason for the trading strategy (technically): Price reacted really nicely from our selling area. We remain bearish below major resistance at 1.0800 (major horizontal resistance, Fibonacci projection) for a drop to 1.0708 support (Fibonacci retracement, horizontal pullback support). Stochastic...
1h price action looks like it could head down to the 1.0710 area before heading bullish again but on 4h it doesn't look like it would form the same which is what led me to draw the possibility which does not retrace down to the 1.0710 zone. Momentum has formed a lower trend line and also held above -0.0034. As long as momentum holds above this level it is a safe...
Note: EUR/USD follows our prediction last week, a price correction to the resistance zone is high likely to happen. Overall, we remain bearish on this pair. Now, there are 2 ways to trade this pair: 1. Wait for a bullish signal now near the 20-EMA and resistance zone to short with right risk amount. 2. The price might further pullback to the next resistance...
eurusd Next Target 1.020,, 0.9800
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Note: EUR/USD is having some price correction to the resistance zone near 1.05x level Here is the trading plan: Wait the price pullback to the resistance zone or 20-EMA, followed by a bearish signal to short with right risk amount!
Eurusd sell position next Target 1.020
Basic Scenarios into 2017 In principle i am watching 3 scenarios, after eCB Marios speech, while last ECB press conference 1st scenario: 1.12994 - 1.05180 (reaction after ecb mario press conference) 2nd scenario: 1.05047 - 1.08734 (price recovery after sell reaction) 3nd scenario: 1.06700 - 1.03665 (price reaction after fed rate hike) The question which poses...
Note: Potential Break Setup! If EUR/USD breaks the support zone near 1.053x level There are 2 ways to trade: 1. Short directly with smaller lot size and aim for parity! 2. Wait for pullback to the support zone and another bearish signal to short with the right lot size :) FOMC Meeting on Thursday is the key!
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This week EURUSD should awaiting the US Raite Hike and Press Conference of FED Chair Woman (on Wednesday) in a Trading Area - even Trading Box - between 1.06600 & 1.05670. I personally don`t know how much is priced in and how many rate hike the market is excepting right now !? So, i would prefere a technical SetUp, even trend follwoing, out of this price area...
The recent strong strength of USD pushes EUR/USD lower near to the support zone. If the support zone was broken, it might move down all the way near parity (1:1) If not, the price might bounce back from the current support zone. We will keep monitoring this pair and waiting the right timing to entry.