soldierducky

soldierducky

Prices all below the EMAs and the pattern has broken successfully. Took a short position. You can took a look at EURUSD breakout play to see how I set the stops and calculate take profit. My take profit would be at 1.032785. I highly suggest setting the take profit before the weekly pivot as stochastics are pretty oversold and the RR isn't worth pursuing. Just...

soldierducky

Excellent opportunity here. Head and shoulders. Following Thomas Bulkowski of setting price target: - * probability of reaching target = Price target 1.104 - * 0.55 = 1.084266 best part is that EUR/CHF is trending down hard esp it's underneath all the EMAs. Always put stops. I highly suggest putting it at the top of right shoulder. Since most of the...

soldierducky

EURUSD is in a bearish situation right now and it has also reached a key important level of 1.10. Even though it has went through, I still waiting for a bounce. Asia may short it but who knows about the Europe. Based on the MA I am confident that this will be bearish. I plan to short it till the MA gives an exit signal. (which is when the price crosses the...

soldierducky

This is a tricky one. We may need some catalyst to confirm a couple theories. I will go Long if the price holds up above the 50% retracement and short if it goes down. Price target for the short trade is 110.35 is indicated by the green line. Price target for a long trade will be at 61.8% or even at $110.79. But as you can see the RR will be poor. Hopefully a...