Our summer outlook for the pair based on Technical analysis of the daily time frame.
The pair should experience increased volatility this week pending upcoming EUR and UK news. Trade according to your strategy and trading PLAN.
Recent Higher highs and lows suggests an uptrend. The trend is your friend they say... Trade according to your strategy and trade PLAN
This trade produced 101 pip profit plus 2 days of rollover interest earned. The trade was defined by the rules of an interest positive (Swing)trade plan.
The pair has been in a downtrend since September 2017, and may be nearing a concentrated area of resistance and support. Watching for future Bullish pattern confirmations, into a clear uptrend before taking a long trade. The more bull patterns that simultaneously form the better :) A breakdown of the lower channel/support line is still possible Likely to become...
Trend analysis from the daily chart. A close below 85.0 would indicate a trend reversal and may invalidate the 95.4 Target
We are still holding our May 17 long position on the pair. Achieved 2 of 3 targets to date. We are anticipating a short period correction at this point in time.
Refer to chart for educational notations.
USD data exceeding expectations presently. Technical s suggest bearish retraction. Educational idea Trade according to your goals, risk, etc.
Our long term outlook for the pair is bullish based on technical analysis and a weakening US dollar . The economic announcements scheduled at the beginning of this week will determine our potential long position entry. There may be a bearish and/or a scalping opportunity on a shorter time frame.
Idea based on Fib .618 retracement and head and shoulders pattern. Economic future speculation strong on recent news.
From a technical review of the weekly time frame, we anticipate a strong rally pending upcoming fundamental announcements. Major announcements beginning 05/24 and 05/26, with more to follow next week. Anticipating a stable week opening and increased volatility near the week's close. Friday may determine overall direction for the next 3-6 weeks, Consolidation...
The Stop Loss Reverse position option increases risk and or losses but can be useful during volatile moments, Without volatility the strategy has less impact or probability of success. The latest election announcements created such an opportunity.
* My strategies are not intended as advice, merely educational. Our asset allocation, goals, risk,reward and trading styles are unlikely the same.*
Watching for a break above the trend line, (bullish consideration) or a second bearish candle for bearish confirmation.