this is a trade that is the continuation of trend from my previous personal trade which was a large short call 2 days ago from the 1.13 region which resulted in a large meltdown of eurusd yesterday i am now starting to look to see where this trade will go in future and have noticed that it is confirmed by the Fibonacci level
if i was to enter now it would be as a...
Buy EURUSD from Buy Range, enter on a reversal pattern. If price breaks threw the entry with bearish momentum to not take the trade. Looking to target rage (+70pips).
Looking for a continuation in price towards target 1&2. We can see EURUSD was siting on major support, due the weakining of dollar it has kickstarted the reversal of this pair.
You can see where price has entered our support and resistance zone before and bounced back out of it.
This time we are expecting another bounce as price is at this level again, we are expecting price to use this zone or area as support therefore making bullish movement from this level.
We have quiet a few news releases tomorrow that will directly target this...
Rules
1) Tp1 = Fib 38.2
2) Tp2 = Fib 61.8
3) Stop = MAX Tp1 ( as pips)
4) Open order with %2 Risk Management
5) Close Half at TP1, Stop to BreakEven
6) Close all at TP2
After earlier bullish attempts, the EURUSD pair turned sharply lower on Thursday. The prices failed to break above the 1.13 once again and plunged to nearly one-week lows around 1.1260. The aggressive sell-off was due to fresh data from Germany that disappointed traders.
Germany April flash manufacturing PMI came in at 44.5 versus 45.0 expected and 44.1...
Hi, today i wanna discuss about cylic analysis.
this is long term projection for "position trader", coz opening position not only for month, but for years.
In this analysis we focus to 6 years cycle,
you can see that EURUSD perform a big 15 degree parallel channel up, still not break for 39 years, and still valid.
If we look cyclic lines, bearish take 6 years...
EURUSD could experience a potential downtrend because there is a double top in the 4hr time frame.
Targets are either the 50%, 61.8% or even the 1.1210 level.
However this analysis is invalidated when prices closed above the double top pattern.
One of the most favoured pair to be traded on the market here we have a potential inverse head and shoulders pattern, price is showing momentum to push higher yet with the ECB news later this week we will continue to see a pump in the pair and maybe some sort of reversal opportunity around the 1.3250 region.
This is an outlook for the weekly. With US interest rate decision coming in 2 weeks price is highly likely to react to the market prior to this event. 18/04/2019 the news had good data for the US market which provided volume for the trend, this could also indicate a rate hike for the US economy. With Europe disappointment with the ECB speech following bad data on...
EURUSD short term sell for a quick trade, overall bias long. Ascending trendline could be broken for a quick sell again to 1.12 which is managing to hold pretty well. 1.12 is a strong buy area. DXY 0.786 S Conf. CSM, F DXY, 15NA, 1hr NA 4hr NA. FF C, FXS C. R FXS . CA avg NA, JLDN conf.
The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.
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