Looking Short on this pair as analysed previously. It the harmonic pattern is breached then the trade setup would be breached. There is still space for upside movement to "D" however we can set up an order rate around 91.750 then move it up if price continues up to "D". Stops should be places above X. ***TRADE AT OWN RISK***
As seen on the Weekly time frame we have further bullish signals which relate to the monthly chart. As we have distinguished the overall bias for the Monthly chart is bullish then we would look for the bullish signals on weekly time frame. However, if price does breach and closes below the trend line as explained on the monthly then we would be relating back to...
EURUSD looking bearish. All of our targets have been met. However, if price breaks and closes below 1.11260 then we can possibly see further bearish momentum to downside targets of 1.10500 then 1.1000-1.09500. (Careful of false breakout). There are two patterns Rising Wedge (Continuation to downside) and a 5 wave pattern within the channel. We now await for the...
EURUSD looking bearish on the opening of the market. All about patience. We will wait for the Long setup for the swing trade and day trade for the short setups. As outlined on the chart we have safety levels set up to help us determine in which way the market will move. If Price breaks and closes below 1.11200 then we can see down side movement to the "D"...
Links with the analysis uploaded over a month ago. Trade looking strong for the sell. See linked idea.
Trading is all about confluence and looking for the right structure, this is in confluence with the other previous analysis posted giving us an high probability trade setup. See linked analysis.
Best time to enter the trade is the break out and close above the falling wedge. Stops should be placed below. Trade at own risk.
Looking short to downside of 185.700 then possible 185.000
Possible short setup, if price breaches and closes above then can expect further upside movement.
As explained for a long time our target for EURUSD is on the upside. Pyscological (1.2000-1.2500). However if you have not yet entered then a good buy would be from levels 1.09950. However, if price continues to move between the channel and breaks to the upside then we would look for a small buy order on a pull back.
If you have not entered long on this trade as of yet a good entry would be around 1.10050. However, if price begins to demonstrate bullish momentum by the end of today then we can look for a straight buy with a bigger than normal stop loss. See my linked idea, I have been explaining for over a month or so that our targets are on the upside of 1.2000/1.2500.
Still looking short on this pair we have a rising wedge on the daily time frame, 200 EMA acting as a magnetic support on the downside. We would look for a short entry on the break out of the lower trend line. Stops should be placed above 196.600.
We are still bullish on this pair with our psychological target on the upside of 1.6000. Our target for this week is on the upside of 1.55400, 1.5600, 1.56350. The safest entry would be above the break of the pivot point 1.55400 with a bullish confirmation on the smaller time frame (1 Hour). However, we would be setting this trade up as a swing trade. If you are...
With this trade we would be waiting for the sell signal on the 4 Hour time frame. So we can set up a Sell Limit order. We are going to enter half the normal size at 193.00 with our stop loss above 194.50. Reason being it is possible for price to move between prices193.00-194.00. If this does happen we then can add to our position. Only my opinion you do not have...