Many confluences around this area right now, looks very good for a long, good luck
Bearish cypher on the hourly chart. Enter short at 0.9103. Stop Loss at 0.9132. Initial Profit Target at 0.9076. Second profit target at 0.9060. This trade would imply further consolidation at a top.
Good bat pattern on the daily USDEUR chart to trade over the next several weeks. My fundamentals are pretty neutral on this pair so will be nice just to see how the pattern plays out. Buy at 0.8790. Stop loss based on a very solid piece of previous structure support. Profit target based on Fibonacci levels.
Final minor 5th sub wave of 5 wave advance (C) of 2 Circle meets .618 retracement of 1 Circle at .9894 (C) equals 1.618 (A) of 2 Circle at 1.0094 5 of (C) equals 1.618 of 1 of (C) at 1.0038 Final minor 5th wave of 5 of (C) equals 1st minor wave of 5 of (C) at .9787 So, more refined top target of 2 Circle between .9787 and 1.0094 and then 3 Circle crashes to WELL...
Primary correction ABC with B as a triangle indicates (C) is the final move before the trend change. Is the Fed going to the printing presses to drive heightened inflation leading to sub .6 target for primary circle 3? See analysis from 11 months ago...
The dollar-yen has been rather range bound, floating between 123 and 125. The U.S. dollar is likely to remain firm heading into September, as many market participants believe the Federal Reserve will finally raise the Fed funds rate for the first time since 2006. Many traders are looking at the fact that funds rate future traders are pricing in a 54 percent...
Breakout or not in eurusd is still not clear but the way dax is moving (short euro and long dax) is coming to an end with dax now at upper trendline resistance of 11900. Too many shorts in the system already and any position being closed out or any news -ve for euro will lead to reversal in eurusd as well as in dax. Go long in EURUSD and short DAX