EURUSD has turned bearish. Today we have two possible scenarios: 1) It pulls back and goes to retest it's resistance 2) It goes down, pulls back to current level and then goes down to test it's support Scenario 2 looks more likely, see what happens in London session and enter in NY session with tight stop loss US ISM comes out today, and it looks bearish, which...
Looks like it'll keep going down for at least this week Non TA Eurozone has seen a moderate growth, but not nearly as large as the US. ECB probably will keep it's inflation rate until late 2019, while Fed plans to raise it around June US Core Personal Consumption Expenditure is about to be released, and it's expected to be bullish Overall, the dollar is backed up...
Looks like it's getting ready to fall. ECB meeting is coming up and by the looks of it they'll keep the current inflation rate. RSI oversold - downtrend Rejecting trendline Near weekly and daily pivots There's still some bullish divergence, so it might go test 1.2119 again before dropping Or it might get stuck around daily pivot 1.2118 Entering after ECB works...
USDJPY looks overbought. PMI as well as CFNAI is about to release, both look bearish. We should expect a drop to the bottom of the channel. Near last week R1, daily R1 RSI 1H, 4H overbought CFNAI looks bearish Entry around 107.9 PT 106.63, 107.500 As a reminder, BoJ Interest Rate comes out this thursday. I expect it to be bullish, which will sink USDJPY. Of...
Looks like a good time to go long. Near daily pivot. Near weekly pivot. RSI 4H shows slightly overbought, which means we're in an uptrend. Bank of Canada CPI MoM looks bearish (prev 0.7, forecast 0.2) CPI YoY looks bullish though (prev 2.2, forecast 2.4) We should wait for a confirmation. Entry around 1.265
But we're still on time to short it. Near S1 (support turned resistance) Healthy downtrend EUR Consumer confidence is about to drop (prev 0.1, forecast -0.2) On 127.2 Fib extension Entry around 1.231 Target 1.226 SL 1.2326
We're going up for the next week. Beautiful Crab at 1.40 - 161.8 Fib extension Daily Woodie S2 at 1.40, previous daily S3 at 1.40 Weekly Woodie S2 at 1.40 RSI 4H, 1H approaching critically oversold. 1.40 is a strong psychological level. Bullish divergence There are no current week or last week pivots that would stop the fall to 1.40 Entry at 1.401 PT 1.413,...
Looks like we have finally entered a downtrend. Some sort of pullback is expected. 1.2356 looks like a good spot to enter for the following reasons: Woodie daily pivot 61.8 Fib retracement RSI 4H indicates downtrend Consumer confidence looks bearish (prev 0.1, forecast -0.2) There's a chance the downtrend is too strong and won't be able to pull back past...
We're in a nice spot to enter the uptrend. On daily Woodie Near weekly Woodie 78.6 Fib retracement RSI 4H indicates an uptrend About to be fueled by a bearish JPY CPI (prev 1.5, forecast 1.1) Entry at 1.38 SL at 107.2, in case we visit 107.3 again PT 107.5, 107.7
Still testing my indicator/strategy Nice uptrend Near daily pivot Recovering from a rebound (went up too fast, was pulled back, getting ready to go up again) .886 Fib retracement Enter aound 1.56 PT 1.57 SL around 1.559 R:R 1:4
Just for myself. Still testing out what works and what doesn't Feedback is always appreciated Short at 1.242 PT 1.233, 1.226 Gartley completes at .786 - BC projection leg is a bit too short but it should be valid (1.23, min 1.27) Strong resistance - trendline Woodie daily pivot R1, near last week R2. Lots of weekly Woodie resistances around that area RSI 1H, 4H...
Just for myself. .886 Fib Retracement at 1.2375 Daily Woodie R2 at 1.2367, R3 at 1.2389 (price very rarely goes to daily R3) Trendline from previous significant highs matches RSI 30m approaching overbought. RSI 1H past slightly overbought US Retail Sales MM coming up really soon (positive forecast) Entry 1.237 Stop Loss 1.2389 Profit 1.2257 (watch price action...
Hello everyone! This is my first time sharing an idea, so I'd love to hear some feedback. As we can see, EURUSD has formed an Alt. Bat pattern and is about to touch a critical resistance, as well as 2 SMA (2 monthly, 3 monthly). There's bearish divergence as well. All seems to indicate that it will go down. Or at least that's what I think. We could also wait for...