charlieb410

charlieb410 Sep 2, 2020

4 hour chart showing nice ascending channel ,now looking over-extended to the down side with stochastic oversold and nice price rejection forming around the trendline. Watching this level for potential buys.

charlieb410 Sep 2, 2020

Price currently moving back into resistance as stochastic is moving into overbought territory as well. Looking for strong price rejection at or near the red zone to take advantage of short term selling opportunities.

charlieb410 Sep 1, 2020

I said a few weeks ago that I wouldn't be surprised if eur\usd went to 1.2000 and we are now pretty much there. USD is very weak and with last weeks announcement by the fed to change it's stance on inflation imo this has added to the weakness overall. Now with the pair hovering around the 1.2000 handle and looking a bit overextended on the weekly chart I believe a...

charlieb410 Aug 31, 2020

possible target 1.6150

charlieb410 Aug 29, 2020

Nice technical setup here as well, plenty of opportunities to watch for the upcoming week. Simple trading, looking to fade over-extended market moves or follow current trend. Keep it simple

charlieb410 Aug 29, 2020

I also have pretty much the same idea for EUR\USD but the price action for this pair is much cleaner so risk events aside I'll keep an eye on both simply for the best entry and exit setup. Same idea though, looking for momentum exhaustion.

charlieb410 Aug 29, 2020

Just read a report that USD net short positions had increased from last week so the majors could make some interesting moves this coming week it will be interesting to see how things play out. Biggest risk event for the week is NFP of course on friday but as usual I'll be looking at the calendar for daily major risk events before taking any positions. The above...

charlieb410 Aug 28, 2020

Looking at the 1 hour chart price had been in a range for a few day and broke out overnight to re-test around 1.1900 which has been a strong resistance zone since late July. The market is starting to look overextended with price far above the 20 ema and stochastic flashing a high reading as well. I'm expecting a deep pullback or reversal from this point for...

charlieb410 Aug 27, 2020

Nice confluence of technical factors for the short term. Price seems overextended at the current level, possibly looking to go short on a strong bounce off of resistance.

charlieb410 Aug 25, 2020

Price seems to be overextended to the top. Looking to get short here

charlieb410 Aug 25, 2020

Looking at what happened overnight, price has made a second rejection around the 1.1850 handle and forming a nice ascending triangle pattern on the hourly chart. As the market had been moving lower but now failing to set a lower low I believe a re-test of 1.1900 is possible if 1.1850 is broken in the near-term, so I will be patient here and wait for the US markets...

charlieb410 Aug 23, 2020

Possible short after pullback, target @ ~1.1700

charlieb410 Aug 21, 2020

Lots of bad data for euro zone overnight and eur dropping fast during the first few hours of the London session. Looking for short-term sells after price re-traces on lower time frame.

charlieb410 Aug 19, 2020

I'm staying with my bullish bias on eur/usd as the dollar is clearly getting weaker by the day. Today's Fed minutes will probably cause some short-term volatility spikes so I will be cautious if I am still in the market at that time, other than that the calendar is light today so overall market sentiment is what I will be paying attention to today for direction....

charlieb410 Aug 16, 2020

I'm continuing to look at areas between the 1.1700 and 1.1900 zones for support and resistance until a break of these levels occurs. Recently I have been using hedging technique more often with really good results, this way I can decide on my overall bias and let the market come to me in either direction. From a fundamental perspective, pretty much more of the...

charlieb410 Aug 10, 2020

Price is recently moving between 1.1900 resistance and 1.1700 support. Looking to take advantage of short-term moves between these levels, simply looking at highs and lows and following price. Economic calendar is light today with no significant data releases to provide a catalyst so I will be looking for clues from overall market sentiment for direction.

charlieb410 Aug 5, 2020

Currently re-testing last weeks high, looking to trade a bounce or break of this level. US dollar still weak with mixed data for today. ADP jobs numbers worse than expected but PMI better than expected, and still uncertainty with the US stimulus deal but its unclear to me if markets care about any of this with central banks ready and willing to print more money at...

charlieb410 Jul 31, 2020

I said last week that I wouldn't be surprised if this pair touched 1.1800 and possibly 1.2000. The rally has been remarkable so far and still has some steam left I believe. Looking at EU data that came out overnight, pretty much all good numbers again, meanwhile, not much good coming from the US with yesterdays historic GDP number, still no deal from the...