forexrockz

forexrockz

Many people have been posting a short on EURUSD - so this isn't new. I just thought I would post my reasons for that judgement as well

forexrockz

Chart is self explanatory - take a look and like if you agree :)

forexrockz

Short EURGBP after rejecting resistance

forexrockz

So EURCAD has been bullish for quite a while, and recently shown an ascending wedge which is usually a reversal pattern. It has broken this wedge, so look for a sell on retest

forexrockz

Unfortunately i got stopped out on my last short - but I am still of the opinion it is bearish. Let's see this week

forexrockz

Short term trend line broken, the 4 hour EMA's have crossed as well as break of resistance. Expecting retest of support and extension upwards

forexrockz

After a false breakout of trend line, price has moved back up. Currently retesting support, which is also at a key fib level, and rejection candle apparent. Expecting price to extend further, with a few pullbacks at key levels.

forexrockz

Key level is 61.8 fib level, lower highs and lower lows indicate bearish trend

forexrockz

Price is below 200 SMA and expected further downside to minimum 38.2 fib level of larger up trend. This is also confluence based on the extension of the 61.8 fib of short term down trend

forexrockz

Trendline broken and expected to continue downside after retest of trendline

forexrockz

Evident downwards trend - currently there is a pullback and we can expect price to continue further downwards to level of confluence

forexrockz

Short Term - Bearish, I see extension downwards to 161.8 fib level. Level of confluence at second target as in the longer term it is Bullish.

forexrockz

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forexrockz

Daily is bearish and there is rejection at resistance level.

forexrockz

Ive been in this for a day already and is in profit, my TP is around 0.75 and still good to enter currently with a good risk to reward

forexrockz

In the longer trend, EURUSD is bearish for the next week - right now the 4 hour stochastic is overbought and we're looking at a peak. Enter after 4 hour close for confirmation - but it's looking good.

forexrockz

So this in my opinion is bullish in the long term, this is just a pullback at the moment. Good risk to return, I believe it's the turning point due to the 50 fib level as well as the 4HR chart is oversold right now.

forexrockz

So my last trade was a daily one, here is a 2H-4H trade idea - hopefully after the FED and FOMC statement we see some good movement