Trade Idea: Selling EU50
Reasoning: Double top completed on the daily chart. Lower prices expected.
Entry Level: 4253.5
Take Profit Level: 4205
Stop Loss: 4275
Risk/Reward: 2.3/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
A clear correlation between Euro Stoxx 50 - Ftse 100 ratio, and the EUR/GBP exchange rate. I believe we will see European equities outperforming until January 2024, and the pound getting stronger, reaching 1.4 to 1.5 level versus the euro. From a macro perspective, the UK is in a harder corner as inflation is clearly more elevated, but this will also force UK...
EUROPEAN STOCKS
Equities opened lower in Europe on Tuesday, extending losses registered overnight in Asia, as fear and uncertainty grow in investors’ minds. Bearish sentiment is prevailing on stocks with Treasury yields taking off as risk appetite continues to plummet amid the lack of a US debt ceiling deal, despite another full day of discussions...
Europe 50 index has bearish reversal bat pattern. Currently in its potential reversal zone. Once it starts forming lower highs and lower lows , we can take a short trade.
EUROPEAN SHARES
European shares continued to climb, alongside US futures, as risk appetite grew at the start of the final trading session of the week. Investors continue to respond positively to the optimistic discussions surrounding the debt-ceiling issue in Washington, which have bolstered market sentiment towards equities, despite lingering uncertainties...
Trade Idea: Selling EU50EUR
Reasoning:
• Hanging man dominating on the weekly chart
• Overnight price action reversing possible shooting star
• 4hr evening star forming
• 1hr evening star forming
Entry Level: 4385.2
Take Profit Level: 4350.4
Stop Loss: 4399.6
Risk/Reward: 2.42:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for...
Reasoning: Posted consecutive negative candles last week, signifying a potential topping formation. Potential ABC correction on daily chart and evening doji star reversal. Downward trending resistance line at 4341. Morning spike higher running into resistance on the 1hr & 4hr chart Ichimoku cloud.
Entry Level: 4299.1
Take Profit Level: 4218.4
Stop Loss:...
Reasoning: Posted hanging man candles last week, signifying a potential topping formation. Potential ABC correction on daily chart and evening doji star reversal. Downward trending resistance line at 4341. Morning spike higher running into resistance on the 1hr & 4hr chart Ichimoku cloud.
Entry Level: 4332.3
Take Profit Level: 4291.1
Stop Loss:...
EUROPEAN SHARES
European equities climbed on Thursday, paring some of yesterday’s losses, as market sentiment strengthens following the Federal Reserve’s rates decision and prior to the ECB announcement.
Jerome Powell provided investors with what they were waiting for, lifting borrowing rates by 25 basis point higher to the 5.00%-5.25% target range, the highest...
European stocks broke out of their channel months ago, but they are now facing an all-time resistance at the top, which positions them perfectly for a potential drop. If the SPX breaks out, it could mean that Europe will start retracing down while the SPX surges. However, it could also mean that both the SPX and EUR50 will begin their real bear market moves.
Trade Idea: Selling EU50EUR
Reasoning: Posted hanging man engulfing candle last week, signifying a key reversal. Potential ABC correction on daily chart and additional hanging man from Friday. Spike higher has been sold into this morning posting a shooting star candle on the 4hr chart at Ichimoku cloud resistance.
Entry Level: 4364.3
Take Profit Level: 4315
Stop...
The S&P 500 seems to be following an 11-12 week cycle since the start of this bear market. IF this holds again, it means the top was already formed last week and the market starts to head lower from here. I have also got confirmation for this by looking at Euro Stoxx ~ 8 week cycle which is giving the same signal.
EUROPEAN SHARES
European benchmark indices opened slightly higher on Thursday, halting their recent bearish correction, as positive corporate earnings reports boosted market sentiment.
Investor appetite for risk grew following a batch of encouraging reports from companies in different region and from different sectors, including Deutsche Bank AG,...
Trade Idea: Selling EU50
Reasoning: Major resistance on the weekly chart
Entry Level: 4393
Take Profit Level: 4347
Stop Loss: 4412
Risk/Reward: 2.25/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis ,...
we may be in a potential reversal setup at price action looks to complete an impulsive 5 waves.
weekly supply at 4369.71/4307.58.
I will be looking a decent reversal signal on the daily and looking to enter on any subsequent short positions on the lower timeframes
eustx50 may fall from here . volume on this rise is not supporting and bearish divergence as well.
we may complete harmonic butterfly pattern.
NFA DYOR
