Trading_With_Jacob

Trading_With_Jacob

EurUsd retracing back to retest 1100 area.

Trading_With_Jacob

EurUsd building up some momentum for a short term uptrend to possibly the 1100 area. No accurate targets upwards with possible resistance around the 1080 area.

Trading_With_Jacob

the bulls have substantially weakened. we prepare to short the 1070/1080 area.

Trading_With_Jacob

EurUsd may extend its upward momentum today into the 1100 area if it breaks yesterdays high.

Trading_With_Jacob

Target of 1070 area achieved. Price may move higher but weaken as the trading day ends.

Trading_With_Jacob

Although EurUsd extended its bearish momentum last week we anticipate a bullish move from here to 1060 area with minimal risk.

Trading_With_Jacob

Long position triggered.

Trading_With_Jacob

Strong rejection from the 1050 support area. Confirms potential short term uptrend. However Price could still retest the area.

Trading_With_Jacob

We have two potential buy areas. around 1070 and around 1000. If price breaks down below 1050 low then we buy at 1000

Trading_With_Jacob

We are at a good support level now. Close all sell trades. We wait to go long.

Trading_With_Jacob Updated 

Price could move lower to around the 1.1100 area from 1.1150-1170 in the short term.

Trading_With_Jacob Updated 

Target of 1.1130 achieved. Price should move lower from here on long term short trend.

Trading_With_Jacob

Demand area around 1.1070 has held price likely to move up to 1.1140-1.1150 area