I'm not going to overcomplicate this one. It looks pretty easy. Huge daily bearish divergence with a head and shoulders pattern. Targeting the previous support line: Entry: 1.19 Stop Loss: 1.20540 above the right shoulder Take Profit: 1.17140 at or near previous support Keep it simple. Good luck and thanks for looking.
Final short EURUSD target 1.12-1.10 - Fib Retrace - US QE programme + 1,25% - EU QE programme - 0,40%
This is risky, considering the strong wave of USD weakness, but my risk to reward ratio is very favorable. This trade has already been triggered at the entry level and is active. I'm basing my trade on technical, but also on a past support zone and the psychological level of 1.12. To the left of the chart, you’ll notice some vertical blue lines, which identify...
Yes! Or at least I think so. Indicators (RSI, MACD) are signaling a correction and we're up against a couple of trendlines (see wider view in chart below). This trade may not be for everybody with its one to one risk/reward ratio, but I'm confident in this position and would be happy to average my position here and there up to the second trendline. I've based my...
I'm mostly on wait-and-see-mode with this trade, but there's opportunity for large, longterm profits in EU. I'm looking at this inverse head and shoulders pattern/symmetrical triangle. Here are two scenarios I'll be tracking if/when the price hits the 1.07940 area: 1) Inverse head and shoulders neckline is broken. In this case, we are in for a longterm uptrend...
Bullish oil prices and a weak Eurozone will continue a downward trend in EURCAD. EU news this week will more than likely solidify a weak position for the Euro, whereas strong manufacturing data will push oil higher, ergo driving CAD. Looking for a 15 Pip Take Profit
EURUSD October 24 outlook Let's analyze what will happen on EURUSD, especially on this week. As we can see this pair still in down trend, maybe buy is not a good option trade. If you wanna buy in this pair, use a stoploss and open at right support level. There is two major forex pattern in EURUSD, channel down pattern and descending triangle pattern. At channel...
Short position : 1.1111 Stoploss : 1.1207 (96 pips) Takeprofit : 1.0860 (251 pips) R/r ratio = 1 : 2.61
EU - Potential short entry - All the Brexit things caused some big uncertainty in the EU. Other country may follow the example with a referendum. Since there worst thing for a market is uncertainty this should create some nice downside pressure. On top the ECB is getting more and more desperate pumping cheap money into the market to weaken the Euro even more...
TTIP trade talks: Greenpeace leak 'shows risks of EU-US deal' and may drive EU short to 1.12 this week. Secrecy encompassing the discussions has fuelled huge fears that US enterprises may dissolve Europe's consumer protections. The precautionary guideline can drive a producer to demonstrate the nonappearance of threat from a product. There have been protest...