EURZAR Sell December 1, 2017Sell opportunity after monthly chart ends with an inverted hammer.
Sell at 16.27 with a stop loss above recent highs at 16.43. Take profit at 15.60
Eurobears
EURNZD Technical Analysis-Short November 6, 2017Hello Traders,
Technically, I expect the Kiwi to strengthen going forward. In the weekly and the daily chart, it is hard to ignore the sell signal with a bear divergence pattern in play. Also note that this week’s candlestick could be a confirmation of an Evening Star pattern at the shoulders of a Head and Shoulders pattern. Week ending October 23 ended as an inverted hammer so that is good for bears especially after last week’s bear confirmation. Secondly, the daily chart is testing the 20 period MA and the probability of breaking below the support trend line is high given the bear momentum in the daily chart.
I will trade as follows:
Sell: 1.68
Stop Loss: 1.70
Take Profit: 1.58
Have a good trading day.
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EURZAR Analysis-30.10.2017Hello Guys,
Today, I will short the Euro again as I look to take advantage of this across the board weakness. Though there is no sell signal in the monthly chart, there is a perfect evening star reversal and a bear divergence pattern in the daily chart. In fact, a gravestone doji was printed above the upper BB as the market closed on Friday.
A stochastic sell signal is also in place meaning sell pressure should continue going forward. These combinations of technicals in the daily chart means chances of a drift lower towards that 4 months support trend line is high. Best case scenario is for it to be broken and that would mean economic benefit with positive swaps.
I will wait until a sell signal is printed in the 4HR chart before I short. Alternatively, set a sell limit around 16.55-16.70 with stop loss above last week’s highs at 16.9
Trade as follows:
Sell Limit: 16.55-16.70
Stop Loss: 16.9
Take Profit: 1:3-5 risk reward ratio
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Have a pipful day, won't you
AUD Bulls drive Euro lower-Sell Tip for 17.10.2017Guys,
There is not rocket science or some AI stuff. There is an inverted hammer after last week candlestick closed, a stochastics sell signal and all importantly, a bear divergence meaning the recent above average bull volume was the final push and the consequent bull candlestick were driven by hot air.
As price action is testing 1.5, an important psychological round number, sellers should drive prices lower and maybe breach the support trend line.
There will be no problem with selling and holding this in fact you will be making cash doing so.
Trade as follows;
Sell: 1.50
Stop Loss; 1.51
Take Profit: below 1.46
More interesting analysis here: forex.today
Reach out let me know what you think.
Trade well guys.
EURCHF-Short-11.09.2017Short opportunity present in this currency pair. Euro has been on the forefront pretty much of this year. Correction is likely.
Sell Stop: 1.395
Stop Loss: above minor resistance at 1.44
Take Profit: 1:2 risk reward
