We are in for treat guys, we are getting back to back trade setups in Eurusd and its going good. Now another chance for our short entry in same zone. But this time Eurusud won't come to our marked zone I guess may reverse a little earlier,lets see what happens. Enter only on Bearish confirmation else don't enter. Stops will go above recent swing highs...
FX:EURUSD PENDING ORDER: SELL AT PRICE : 1.1260 STOP: 1.1360 T.P: 1.1060 RATIO : 1 / 2
EUR$ Technical analysis - highly bearish: Key level close: 1. On the daily and weekly we closed below the strongest pivot point of recent times below 1.10 - this is very bearish as historically this is the strongest level (lower than post brexit). MA: 1. We trade below the 2wk and 4wk MA - this is a bearish indication + we have been below the 3m MA since...
ECB nowotny reiterated senior member official sentiments regarding the situation with Italian banks unsurprisingly saying people "Should not over dramatise situation regarding Italian Banks". He also hawkish said that the Brexit impact forecasted on the EUROZONE economy would be less than the IMF forecasts. Perhaps the most important sentiment though was that...
IMO Draghi was dovish on the margin as expected - once again reiterating the ECB commitment to targets with " If Warranted, Will Act By Using All Available Instruments". Further, he was very pessimistic on many fronts, especially the ECBs key target inflation saying "Inflation Rates Likely to Remain Very Low In Next Few Months" and " Risks to Growth Outlook Remain...
The Gross underpricing of ECB and FOMC Monetary Policy Changes - A fully-priced medium-term equilibrium Lower coming? EURUSD: *Short EURUSD 3m-12m Duration: 1/2lots @1.11 - 1.07TP1; 1.04-5TP2 1.01TP3 1. On Decemeber 2nd the ECB cut their rate by 10bps to 0.05%, paradoxically this actually caused EURUSD to rally higher. Thus this is a mispricing as...
FOMC Lockhart was the 4th Fed this week to imo be relatively Hawkish with his words, most notably reinforcing with the others brexits near-term stability saying "Doesn't Expect 'Brexit' to Have Near Term Impact on Economy" and " So Far 'Brexit' Reaction Largely Orderly". Most interestingly though was Lockharts view on the FOMC's positioning for future rate...
Bullard is the lone Fed official forecasting just one additional rate increase, and expects modest growth over the next two and a half years. But he reiterated Tuesday he's not expecting the economy to head south. However, did go out of his way to mention a relatively dovish point "We Have Some Ammunition if We Need it During Next Recession". Nonetheless he...
IMO FOMC George was largely bullish/ Hawkish $ on the margin; surprisingly coming out and stating for one of the first times that "Fed rates are too low" and "Not Raising Rates in June Was Due to Timing Issues" - these two statements imo hint that a hike coUuld be on the cards earlier than perhaps was expected (Dec), in-light of his opinion of them being too low...
Hey, the price is bounding in the top side of Andrew's pitchfork, I believe it will bounce back to the median level. Target 2 would book us 350 pips. It is a swing trade, and If you are a new trader or don't check the fundamentals, hopefully, you would trade cautiously. cheers, Masih
IMO the ECB minutes were the most dovish/ clearly directed statements out of the ECB for several months. Before this, and in the past several speakers comments, sentiment has been towards the hawkish/ stale side, citing "ECB has done enough" as the main rhetoric. The June Minutes however show a renewed positioning of the ECB, where they clearly imply they are...
This 2-part article will look at the practical application of correlations in trading and show how to use correlation inferences to exploit the statistical advantages they offer. On the 4h time frame, the highest day-tradable timeframe imo we see EUR$ has an exclusively negative and almost 1for1 correlation with the dollar index (or dollar "market"), however,...
Though there is Double Top forming @ marked resistance zone, I wont be selling EURUSD purely bcos of risk reward ratio. So I will be waiting for market to move further up around 61.8% Fib levels and if that happens I will be shorting EURUSD This is my way of trading so before entering check your plan also Happy Trading !
Learn 2 trade like a Pro - boafx.com - Looking to short the EUR/USD on the lead up to the FOMC rate decision on Thursday. Although the rate decision could go either way I am expecting enough downside pressure by then to be able to make the trade risk free by the decision