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EUR/USD with another move DOWN!Hey tradomaniacs, previous breakout of the consolidation could give us a nice opportunity to follow the momentum as soon as structure gets re-tested. Since EUR/USD gets traded around the parity I`m very cautious with shorts as price could get stabilized and manipulated by the ECB as the reputation of Lagarde & Co is already suffering. However, technically a good chance if confirmed to trade down to the key-support-zone with a nice Risk-Reward.
Short
by Trading2ez
1
CADJPY SCALP SHORTHi Team This is a short and sweet technical chart analysis. We are in a short consolidation phase (likely due to low market volume) at the end of an ABC correction for this pair, sitting just below regional pyschological resistance. I expect a drop at least to the 1H ascending correction support, if not further. This is a straightforward trade - clear invalidation level marked, and high probability TP. The markets are moving with low volume at the moment, so I will only be posting ideas with merit. Likely will see more from me tomorrow. Like what I do? Please like, comment and subscribe! Good luck, Trade safe DrBear
Short
by DrBear
1
EURUSD SHORT DayTradeHi Team, We are almost at the Fed rate decision, which is widely expected to see a rate hike that will bolster the strength of the dollar. EURUSD is completing an ABCDE corrective climb within an established channel, and this looks likely to complete just before FED rate decision. We can use this for two trades! The first is a scalp buy up to the larger time frame sell zone. The second is this larger short position. Though swings could also be taken from here, we will almost certainly see retracement following first impulse, so it's an early TP. Blue region dictates expected major sell zone. A rise above this invalidates entry. Look for bearish rejection at channel resistance and enter with TP and SL as charted. Like what I do? Please like, comment, and share! DrBear
Short
by DrBear
1