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Eurusdtradeidea

EURUSD - Next Long Term Impulse (is coming soon)Hi guys, You've probably been enjoying the EURUSD ranged market over the past week or so, but wondering where it will go next. If you remember, we had something very similar back in May. The sideways consolidation ended with a large impulse to the upside (bullish). If you look at figure #1 and #2; we are in the same type of consolidation pattern now. If the same results plays out, we will get a strong impulse to the upside (bullish) after the consolidation period is over. Daily up trending support is still holding. This suggests higher prices 'until' support fails. I would like to see a 'clean' break above 1.1280 before I open another long term position. Until then, I'll keep playing the channel with tight stops above resistance and below support. NOTE: This is not trade advice, just my opinion(s). Please trade safe and keep an eye on news.
Long
by riffster21
EURUSD - T Rex PatternI closed my EURUSD. My sell signal generated very little profit. The pair dropped a little, but mostly sideways. The EURUSD seems to be winding down to the bottom of the flag (i.e. my T Rex). It's a downward flag, but the swing trend is fairly bullish. Another patience game. I have alarms set for support and resistance. I'll wait and see which way it breaks out, then trade accordingly. I would like to see this pair break through support, but only time will tell. If it breaks resistance, then I'll ride the bull run for a few pips. Waiting...
by riffster21
EURUSD SHORTEURUSD is expected to sink now. There are many reason why we feel it may sink. * Bearish Engulfing in WEEKLY Chart . * To sink and come near 1.0898 levels * Stoch RSI (3,3,14,Close) clearly states it may sink. * RSI (14,CLOSE) May not be of the same view. * CCI (20,CLOSE) may not be of the same view. Keeping in view the chart pattern we expect it to sink. Our sell call shall be from sell bellow:1.0946 SL@1.0966 Tgt 01: 1.0898, Tgt 02:1.0875, Tgt 03:1.0806 . We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Short
by ajithchand-bhandaari