EURUSD currently in a strong downtrend and retracing like the dollar is retracing from its strong uptrend, with an 88% chance of a rate hike this month i believe we will continue to see the value of the euro fall against the dollar, i am entering this trade at the 0.5 fib and covering stops for the 61.8 and the 78.6 just to be cautious, we are now approaching...
This is my trade of the week due to the fact the AUD keeps attacking resistance and cant hold as you can see in the blue box above, the green line shows a strong area of support and resistance and the red is a support level that we have seen over the last few days giving us a strong uptrend. I believe with recent bullish news from the US we can take a trade that...
We still have a strong downward trend on the EURUSD and with a bullish trump speech i believe we are going to reach January resistance level 1.047 over the last few weeks we have seen a lot of buyers at 1.05 so this is an area you will need to be careful of and i will be looking to take partial profit here as i have been in since 1.065.
I believe we are going to see a continuation of this downtrend either testing the 61.8 or the 0.5 fib
We have seen weakness on the dollar index over the last few days giving the euro strength, after looking at the dollar index i believe its starting to form a sideways channel, in the chart you can see the EURUSD is forming a rising wedge in a downtrend on the 4hr chart which is considered incredibly bearish, i believe we are going to see a strong sell off.
Recent rally due to the weakening of the dollar, dollar index now testing support so i expect to see a pull back from the NZD and continuation up or a fall to support levels at 0.7130, either way i will continue to monitor the dollar index on this trade before deciding whether to stick with it or execute the position.
eurjpy short trade Daily momentum down 1H momentum down 50MA rejection Previous support break test (resistance now) Pin bar rejection Daily pivot point rejection Closing below low gives us momentum advance 0.382 Fib Retracement
Low volume today with US markets shut, GBPJPY retracing from steep downside continuation to the downside with JPY strengthening again against US Equity rally running out of steam.
Great risk:reward on this trade. We have a nice pullback to our: - TL - 50% - 61.8% Fibs - Daily/4H support
PAIR: USD/JPY TTF: 1HR TRADE: BAT PATTERN NOTE: These are potential Trade opportunities based on my own personal Analysis. Thank you, Star Prosper Philip Stewart
Eur-Usd Short Pattern Pin Bar
The pair is at daily resistance following bearish divergence and now looking for a 0.5% retracement back into support. A break up from the rising wedge would invalidate this chart.
I am SHORT !!! Multiple signs of weakness in all USD charts - I will try and post all charts with major pairs
A messy but none the less evident 2618 short 1. Double Top 2. Lower Low 3. 61.8 Fib retracement Possibly going south Suggested Targets and Stops on the chart Just an Idea - Trade your plan If this is informative in any way please give a like thank you Good Luck