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EURAUD NOW IS THE TIME FOR A MOVE HIGHERAs per my previous EurUsd analysis. I am now looking for longs across the EUR board because the fundamental situation lightened up, and in my view a turnaround for the days to come is in the making. I have been watching EurAud for quite a while and i like this oversold setup here. I bought at 1.3705 with a relativley tight stop for the volatile euraud at 1.3650. I am targeting 1.39 and if the momentum is strong maybe 1.40 Its a little bit of an aggressive entry if you like a more conservative approach you can wait for lower prices around 1.3680 and enter, risking less pips. In any case use proper risk/money management and dont risk much on one trade. One more suggestion: If you look at the lower timeframes maybe something like this will form a consolidativ phase in the asian session, that gives you more confidence that the market will continue tomorrow in the London session. Blessings to you all
Long
by IamJeanPaul
2
USD INDEX BEARS MIGHT TAKE OVER SOONIf we break higher tonight on the FED Minutes it will probably be some kind of stop hunt above the recent high. I dont think it will be a sustainable move above 101.80, except something really major happens, that turns the sentiment on the USD completly around and makes it super bullish then look for buys above 101.80. But right now i am not seeing this scenario unfold. So i am prefering to look for the short side of this trade. Blessings to you all.
TVC:DXYShort
by IamJeanPaul
EURUSD LOOKING FOR THE NEXT IMPULSE HIGHEREurUsd is on my watchlist for a bull swing higher towards recent highs and maybe a little bit more. I prefer to wait and not to jump in while the market is moving aggressivley lower like now. Lower timeframes (15min, 10min, 5min) can give clues when the downmove is slowing, or a change of direction is happening. So be patient and dont rush into a position. Price is secondary, i see people buying from 0600 looking for that move higher and losing, but fact is that price is secondary, markets only start to go higher when the sell pressure is over, and order flows are dried out, you have to be selective when trading. In other words, when there is no one more willing to sell the market will turn. Now where is that ? No one knows for sure all you get are clues from the price action... thats why you should always be calculating a fail scenario and have a decent risk approach. Blessings to you all.
Long
by IamJeanPaul
1
TEXTBOOK BUY SETUP ON EURJPYChart is really clean and technically beautiful to play. The 120.00 level is pivotal and very important, i am looking to play this level and the flag from the buy side. As you can see on the chart, bears were not able to make a decisive move below 120, the bulls countered pretty good, showing a strong hand. Look in the lower timeframes for a entry according to your strategy. I will place my stop in the beginning below the 119.33 low and will trail it higher if the market goes my way, and target a move to the upside of the shown structure. Blessings to you all.
Long
by IamJeanPaul
EURNZD HUGE BULL RUN IS COMINGPerfect setup. The multimonth correction is in my opinion over. Look at this tasty ending diagonal, if it plays out, there is some big pips to be made. We have a dynamic impulse after the NZ-Unemployment report. It came in very weak. Market made a false breakout to the downside, and now it broke the golden trendline. Watch for a potential flag, or corrective pattern toward 1.4700/1.4730 and enter with a stop at 1.4620. Target something big higher, my first target is the 1.55 area, and then 1.72. This position has a nice Risk:Reward ratio. Keep an eye on the fundamental development. Eurozone CPI, and NZ CPI are important drivers. Please use wise moneymanagement and risk control. Blessings to you all.
Long
by IamJeanPaul
1
Rising Wedge - Shorting the EuroVolume is going down, while the price is going up. The RSI hasn't been able to even touch oversold and is stuck in a range, while the price is going up. Clear divergence on both and it is bearish. To me this Euro price action has been a healthy pullback and I am expecting this wedge to break to the downside. When it completes with good volume, I'd be shorting the market. Right now, I can't see a clear entry or exit points, but a break below 1.065 would be very bearish to me. Some important news are coming out on Thursday and Friday out of the US and I would like to see how they play out.
Short
by BitcoinMacro
EUFN: European financials are in danger hereI think we can get a retracement in the financial sector, and Europe is in worse shape than the US in general. It wouldn't surprise me to have some negative news pop out, surrounding Italy's referendum, Deutsche Bank, Italian Banks, UK banks, Brexit, etc. Quite a few potential catalysts for volatility, so, if we see this ETF break the linear regression channel support, we will probably see a rapid selloff. Keep your eyes open, it might be safer to stand aside, and book succesful long trades, or maybe even take a couple strategic shorts. Good luck, Ivan Labrie.
NASDAQ:EUFNShort
by IvanLabrie
Eurostoxx 50 : Bearish dynamic & resistance areas, better shortThe EU stocks index Eurostoxx 50 (MOY0) has made a nice rise since the Brexit (end June), but the buyers are currently facing some difficulties to go higher. In fact, the european stock market is inside a bearish dynamic since early 2015, as characterized by the downside trendline resistance (blue) and the bearish 200 days moving average. In this case, the sellers are likely to become majoritary again due the the following reasons : - Proximity with the downside trendline resistance - Beginning of a retreat at 3100 points, first resistance - This resistance area matches with the 50% retracement of the violent drop we have seen in december - february. Both the long term dynamics and levels should prevent the buyers to go further and initiate a pull back to where markets were in september. Here is the precise strategy : - Open short at the current price (3080 points on Friday close) - Stop @ 3120 pts (above the resistance for market noise) - First target @ 3025 points (close 50% of the position, reward/risk = 1.38) - Second target @ 2940 points (close the other 50% of the position, reward/risk = 3.5)
INDEX:SX5EShort
by AlexandreNygal