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Europe

Trendline Rejection in PlayWhat's happening now: EURJPY seems to be rejecting a trendline. However, the day is still young and aggressive bullish price action could still show up towards the end of the day. My trade idea: On the other hand, if today's candlestick closes below this trendline, I'll be looking for selling opportunities. Fundamentals and in support of a lower target. Hopes for more stimulus in the EU are pressing the Euro downward. The Japanese Economy is still improving and demand for the YEN is expected to increase. The CFTC COT Weekly report shows that more long positions on the EURO were closed. The net positions have over a few weeks, reduced from over 200k to below 150k.
Short
by GrizzlyBearBee
Bullish Retest on EUR/AUD Creates GREAT Long OpportunityEUR/AUD is again at a fascinating position. It is touching the super important 1.66 horizontal level once again. If the price manages to find support on this level we might see enormous gains in a very short period of time. During this pivotal moment we will have to keep a close eye on the price to see what happens. Since EUR/AUD doesn't move fast generally, we have the time to observe the price and wait for confirmation or rejection of the horizontal zone first. I suggest to not enter a trade yet, but wait first for a confirmation of the horizontal zone. If it does confirm, enter a trade and try to ride the trend. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
5
Pharmamar PHMGood morning, today I present the analysis of PHM, a Spanish company pharmamar in the race for the vaccine against Covid19. It is being a great trading year for this company. The bullish structure marked by the yellow arrow has been broken, but the new structure, the bearish one, has not yet consolidated. You have marked supports and resistances to see possible changes in trend ... We mark some of them, the purple and blue arrows. Sincerely L.E.D Be Safe!! In Spain on 10/20/2020
BME:PHMLong
by wallstreetstocks
EUR/AUD Is At a PIVOTAL Moment! EUR/AUD is again at a fascinating position. It is touching the super important 1.66 resistance once again. If the price manages to break through this level we might see enormous gains in a very short period of time. During this pivotal moment we will have to keep a close eye on the price to see what happens. If the bulls manage to break through the resistance it could be very interesting to go long. Similarly, if the bears are strong enough once again (just like they have been at least 8 times already), a short position will be the better option. Since EUR/AUD doesn't move fast generally, we have the time to observe the price and wait for confirmation or rejection of the horizontal zone first. I suggest to not enter a trade yet, but simply keep this pair on your watchlist and set a reminder for when the price crosses important levels. Such as the 1.67 level for the bullish breakout or the 1.64 level for the rejection. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
by Trading-Guru
12
Oscillation on EUR/USD Due To Weekday-Weekend Behavior!Hi everyone, let's review some fascinating price behavior here on EUR/USD based on the weekly seasonality. Every major shift in price trend has start exactly coming out after the weekend. We don't just observe a sudden spike on the first hours after the weekend, which would make it very difficult to monetize this behavior. No, we see a constant and slow price reversal. This means that we have an excellent opportunity to use this information and trade it to our advantage! If you spot the reversal soon after the week starts, you can safely place your positions and trade along with the trend until the week is over. In this case, looking at the current trend and the lack of news on EUR/USD during the weekend I expect a continuation of the bearish price momentum. I suggest to wait after opening to get a confirmation of the move (again, nothing sudden is happening so you will be on time even a few hours later) and then trade according to the direction. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Short
by Trading-Guru
17