Hello everyone,
We have a bullish trade on this pair (short term). Also the price is going up in a channel which bring me to SL point, the Sl would be below the X or when the price confirms the breakout to the downside. The targets are highlighted on the chart.
Let's see and Good Luck
This Bull has become extremely stretched! Tehere are some warning signals for a possible sharp correction ahead!
Weekly:
- Ichimoku bullish, but very overbought, price far above equilibrium level marked by Kijun Sen and future Senkou B
- Heikin Ashi is still bullish, but we have a warning signal in haDelta, which after printing an extreme high around 0,20 (!) has...
As you can see by my chart, every time the price has hit the top of the linear regression, and 0.04 on the MACD, the price has reversed back down again with the CCI, DeMarker and Stoch RSI gradually falling back into their respective channels. Without consideration of any further shocks to the market, I think that political instability, the conflict in the south...
I had one very nice counter trend trade in really small amount 11 days ago. I quickly closed that short (within 1 day) as I was not sure if the pattern repeats, and as even Tenkan Sen was still well below Price. It was a rght decision, as Price popped up again, and we had a bullish Heikin Ashi candle, and a spike back above 3,10.
Between 3,0850 - 3,10 I was...
Some political turmoil in Turkey blew up their ccy recently. However even the strongest and most agressive Bull needs some rest.
Weekly:
- Ichimoku setup is bullish, but Price reached previous key level at 3,10+, which can be a temporary resistance ahead of further bullish move.
- Heikin Ashi setup is bullish, even next week's candle is likely to be green if we...
EURTRY formed a Wolfe Wave pattern, I entered short at current levels with SL above 3.13 .
6 Trading Rules :
1. Never add to a losing position .
2. Don´t be the first to buy low and sell high .
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis...
Weekly:
- Bearish Ichimoku setup, with both Price and averages below the Kumo. Tenkan and Senkou A point down. Tenkan is below Kijun.
- 3 weeks of pull back within the bearish channel ends in a retest to Kijun Sen, which is an important bearish support. This week's Heiken Ashi candle is still green without lower wick, but with a lot smaller body. This also made a...
Try has been sold hard for rumours about interest rate issues. It might be time for a reaction... USD is the more majorly taken currency but think EU would make a stronger downward move here... This should be the level to try this pait once more after realizing profits last time by EU zone monetary easing announcement..
Daily: Bearish ichimoku setup, but looks oversold a bit. Trades at the bottom of the bearish trend channel, meanwhile Slow Stoch and MACD are both about giving a counter bullish signal. A correction from recent low is possible. Upper support levels are at 2,79 (key horizontal and Kijun Sen) and ard 2,83 (Kumo).
4 Hrs: Double bottom? You will know it only by the...
Daily: From the hammer candle at the channel low the bearish momentum continues to switch to rather bullish.
MACD gave a buy signal, DMI lines closed in, Slow Stoch has been ticking higher. Flat Kijun Sen and flat Senkou B, both at 2,84 will likely attract the Price. It looks like the chance of a bullish swing to reach higher price again within the otherwise...
I have been sitting in this short position since September. For me this was not leveraged, but a cash converted carry trade from an avg px of 2,8650. It caused me some headaches when it popped up to 2,91, but as back then I had some equity shorts and the position was kind of converted from a previous long HUF for the carry pickup I decided to sit in it. Finally it...
Daily: No major Ichimoku signal, rather neutral in terms of Ichimoku. Kumo is flat and thin, Tenkan and Kijun are both flat too. Chikou has no real information either. Yes it is a wide range with some descending angle.
Use rather classic indicators here to determin possible short term swings: MACD sell signal, Slow Stoch bearish.
Daily carry is excellent positive...
