Lots of great charts setting up...Keep your eye on the Euro. She is cooking and oven is getting hot. This 8 month consolidation will find a direction and it will move.
This is a great lesson for those who want to get on a good trade. Look at the monthly chart. Not since 2001-2002 have we seen a nice wedge pattern like the current. But more importantly look how far price moved when it broke. We expect the same with this current pattern. You don't have to catch the break...rather drop down to a smaller time frame (Daily or 4...
We are still watching the Euro. It's back in the middle of the range in no mans land. We will continue to keep an eye on this. We have a weekly signal getting ready to fire and with all the junk happening in the Europe this currency will move and we will try to be on it. Keep on your watch list.
We are watching the Euro closely. Draghi said he wasn't ready to inject stimulus and needed more time to evaluate. Really? This is good news for traders. The Euro should consolidate tighter for a chance to POP in the near future. We will continue to monitor the possibility. Keep it on your watch list.
We stayed out of the Euro last week to let the FOMC announcement shake the "playa's" out of the market. Even after the hoopla, price is still contained inside the wedge. The daily chart is ugly so we look at the Weekly to give us the story. If we get a weekly close outside of the wedge expect them to eat up the supply from the week of 8/24 and try to run the...
The Euro has hit our zone this evening and we are on the sidelines. This weeks FOMC will have an effect on the Euro and we don have enough time to take a position before that meeting. If you must trade don't get married to the trade.
Still waiting. Trading is s waiting game...the better you get at it the more money you can make. Keep the E6 on your watch list.
Daily chart per our Weekly chart post. See "Fake Confirmed" for analysis. Look for a trigger
We look at the Weekly chart of the Euro and last weeks trading suggests more downside. Understand that the selling that happened last week and the fact that we are back inside the wedge suggest more selling is coming. We will look for bounces to resistance and look for TRIGGERS. If they take another stab at a breakout watch the high of last week. If we reach...
The Euro is back under major resistance...was this a fake break out? We are watching closely and looking for opportunities to the short side. if the bulls rally and take out the most recent highs then the squeeze will be on and Euro bears will be jumping off the ship. We want to see a test of the major resistance and sellers to step in. NO TRIGGER, NO TRADE!
The chart tells a story and the story unfolds bar by bar.
Nice consolidation since the Euro's knife has stuck int he ground. We would like to see a solid break of the channel before getting involved. Stick it on your watch list.
The chart tells a story and the story unfolds bar by bar.
The chart tells a story and the story unfolds bar by bar.
Euro FX is ready to move higher. Targeting median line - 1.18.
The chart tells a story and the story unfolds bar by bar.
The chart tells a story and the story unfolds bar by bar. Note: From bar 50 and on, all bars have been renamed and reanalyzed due to modifications in the data feed. Bar 44 has been reanalyzed as well.
The chart tells a story and the story unfolds bar by bar.