$EURUSD | Bearish Wolfe Wave | 1-4 Target LineHello Traders,
EURUSD has given us a short opportunity using the Wolfe Wave method, wolfewave.com.
A short position from this level would be low risk since the stop would be placed above the recent high created. The price target for this trade would be roughly in the vicinity of the green box.
Best,
Chartistry
Eur-usd-short
EURUSD Institutional Short SetupGood day traders!
The 1.0851 figure marks some strong institutional resistance.
A rally up into the figure may be matched with swift selling.
It is ultimately up to you how you decide to setup your entry, stop loss, and exit, however I suggest selling at the figure with a 40-50 pip stop loss and look to get whatever you can on the profit side.
Enjoy!
EURUSD Risk to the Downside Below 1.0685!Good evening traders!
The 1.0685 high held through the US retail sales figure, keeping pressure to the downside on the short-term.
At this point, the risk is to the downside with price below 1.0685.
It would take a sustained break above the figure to put buyers back in control.
To the downside see short-term support at 1.0565.
A break below the support figure will put sights down to the 1.05 figure.
Enjoy!
EURUSD Short-term Technical OutlookThese technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders!
With price remaining below the 1.0505 resistance figure marked in yesterday's technical outlook the swift downside move was not a surprise. The spike low at 1.0341 however is throwing things off.
The bias on this pair has shifted to the downside with the formation of a lower high and the break of fresh lows, however the spike low was matched by quick buying. A break below the spike low at 1.0341 is required to open up the downside again.
Shorting opportunities will remain preferred below the 1.0505 resistance figure and only a break above the figure will shift the bias and put buyers back in control.
I hope this offers some directional clarity on this pair.
Enjoy!
EURUSD Institutional Short Setup UPDATEThe 1.048 figure had me thinking price would not get up into the 1.0506-1.052 resistance zone, but this sharp up move has changed everything.
If I see a push into the resistance zone I will be looking to get short using a 40 pip stop loss.
As always look to get whatever you can on the profit side... even if that means 10-20-30 pips... if it gives you opportunity for a profit and you wind up taking a loss then that is just poor trade management.
Enjoy!
EURUSD Daily LookHello Traders!
With the 1.048~ resistance level holding very firmly after the 1.05 spike high we are now seeing a significant sell-off.
Bias is to the downside now and shorting opportunities are preferred as long as we remain below 1.05.
There is strong support at the 1.0335 figure which marks the 2003 low that needs to be broken for continued weakness on this pair.
However if price manages to break below 1.0335 it will open up the downside.
EURUSD Short-term Technical OutlookYesterday's short-term technical outlook:
With the 1.0424 support figure holding and the previous swing high being taken out we are expecting to see a swift push up into the 1.05 resistance area.
There is official institutional resistance at 1.0507 and 1.052 so we are anticipating pending short orders in that zone.
A swift push up into the resistance area could trigger such sell orders and a swift sell-off would not be a surprise.
As long as price remains below 1.052 this pair will see further downside.
I hope this offers some directional clarity on this pair!
Enjoy!
EURUSD Institutional Short SetupHello traders.
I am still awaiting a push up into the 1.052 institutional resistance figure on this pair.
If I do see a push up into the figure throughout the week I will be looking to get short with an order at 1.051 and a 40 pip stop loss.
As always look to get whatever you can on the profit side.
Enjoy!
EURUSD New Year Institutional Short Setup & a MERRY CHRISTMAS!First of all... MERRY CHRISTMAS & HAPPY HOLIDAYS to all of you traders! I hope you all enjoy the weekend and have great times with your friends and family! Focus on what is important and enjoy the time away from the charts. Come back next week feeling refreshed and ready to make money!
Review today's short-term technical outlook:
We are clearly still in a downtrend on this pair and the spike high up into the 1.05 figure showed that there are pending shorts up in that area. This 1.052 figure was previously strong institutional support and on the lower time frames it already proved to become resistance after being broken. Another spike into the figure will offer a very good shorting opportunity with limited risk and a great reward!
As always use a 30-40 pip stop loss and look to get whatever you can on the profit side. A move down to the previous lows is likely, but always monitor price to justify profit taking. Don't get greedy!
Enjoy!
EURUSD Chart analysis for short.Drew these levels last week when price was breaking the red line of support.
Support lien was re-tested and then price moved lower creating a new support.
As i missed the above break of highter time frame support line (red) the green hourly support (turned to resistance) became entry point
EURUSD Institutional Short SetupGood evening traders. Our institutional research has identified some key levels where traders are eyeing to get short. Resistance begins at the 1.0468 level and goes up into the 1.05/1.052 area. With this pair being in a downtrend a pull back up to either of the areas marked on the chart would represent overbought conditions where institutional sellers may be looking to get short. That being said, the latter zone would be more conservative. Use a 30-40 pip stop loss and look to get whatever you can on the profit side. Good Luck.
EURUSD MORE BEARS COMINGA FEW DAYS AGO REACHED OVERBOUGHT LEVELS.
NOW GIVE ME THE IMPRESSION THAT MAY BE IN A CONSOLIDATION.
AWAITING YELLEN,
THINK IF YELLEN GIVE US A CLUE OF THAT MAY HAVE ON THE TABLE A POSSIBLE RATE RISE, THE PRICE WILL GO BELOW 1.1100
INCLUDE SOME MEMBERS HAVE MADE STATEMENTS.
EARLIER THIS MONTH DUDLEY CONSIDERED THAT WOULD BE MORE CAUTIOUS TO POSSIBLE TO RISE RATE AND ONE WEEK AGO YOUR COMMENTS TO WERE MORE ENCOURAGING.
FISCHER WAS ALSO EXPRESSED FOR TO TAKE CHANGES IN MONETARY POLICY, RULING OUT THE POSSIBILITIES TO TAKE REDUCTIONS, AND MENTION THE EVOLUTION OF THE LABOR MARKET IS CLOSE TO ITS OBJECTIVE, I THINK THIS IS ENCOURAGING THE DOLLAR.
LOCKHART ALSO STATES THAT SUPPORTER TO PRODUCE A RISE SOON AS POSSIBLE RATE.
BULLARD IS MORE RESERVED FOR MORE INFORMATION FOR THAT.
THE IMPLIED PROBABILITY OF A RATE ADJUSTMENT OF THE FED BEFORE THE END OF THE YEAR ROSE TO 50% THE HIGHEST SINCE JUNE, BEFORE THE REFEREDUM RESULTS WERE KNOWN UK.
OTHERWISE IF ALL BECOMES FROM BAD TO WORSE TO SAY WHAT DOLLAR COULD GO ABOVE 1.15000
CONSIDER THAT NOW, ARE WE PREPARING FOR THE REST OF THE DAY AND HOURS MISSING FOR THE IMPORTANT MOMENT, LAST YEAR IN THESE SAME CONDITIONS THE DAY THAT WOULD GIVE THE SOME REFERENCES ON WHEN WOULD RISED RATES AND ON STAGE, THE FED CONFIRM THAT THEY HAD NO DATE WHEN THAT COULD CONSIDER SOME POSSIBILITIES WHAT CAUSED CAUSED THE DOLLAR, DJ, NASDAQ, FALL LIKE A STONE.
IN THE SAME FIELD TO DOLLAR LOSING LOSING WITH A MARKET TO UNDERESTIMATES, AS AN OPINION CONSIDERED THAT IN THIS TYPE OF SITUATION IS COMPLICATED TO GET THE MEASURE, IF COULD COME OR GO THE PRICE, I CONSIDER BE BULL TO DOLLAR.
AND AS A WOULD A EXPERIENCED INVESTOR WHO TAUGHT ME HOW DOES YOUR JOB,HOW THEY THINK AND ACT, YOU CANNT TAKE THEM FOR DEATH, REFERRING THESE CHARACTERS AND IF WE LOOK IN A GENERAL CONTEXT ARE ALIGNING TO MAKE THEIR MOVE.
I LIKE TO GO ONE STEP BEFORE, I DONT EXPECT YOU AGREE WITH ME, I SHARE THIS WITH PLEASURE, THE IDEA IS WINNING, AND if IM WRONG I WINNING EXPERIENCE AND LEARNING, AND IF GOAL, WELL... I WILL NO HAVE DOUBT THAT MORE THAN EXPERIENCE I WILL GAINED AND NOW I'M PREPARING TO CLOSE GREAT WEEK, AND WHO READS THIS I HOPE THIS WILL BE USEFUL.