After the successful retest of the 1.0700 level I am shorting the EURUSD right to the Take Profit Area. It's about 60 - 70 pips for today and that's okay. Isn't it? Have a nice day and a lot of pips!
This bullish butterfly shows everthing where the EURUSD is targeting. I don't trade patterns because the are the result of price-action trading, if I may say so. It is only a matter of time when the EURUSD is leaving its consolidation phase. My guess is: There are new highs in the sky pretty soon...
Normaly I don't use patterns in my trading but look at this bearish 5.0 pattern: That's a monster! Combined with the bearish Shark it creates a pretty picture. These two patterns confirm also my plan to short the EURUSD and wait for a while. I wish you good trades and a lot of pips!
This is my setup idea for the next days or perhaps till the end of next week. After reaching the level of 1.0880 I think that the EURUSD will break this line for a very short time and than it will start to move downwards for a longer time period. Of course should all these moves be in context with the open gap (11.11.2016) of the dxy. When this gap will be closed...
How far will the US Dollar fall? A first and sound goal is this open gap at the level of 98.99. After closing the gap the DXY will perhaps change it's direction and start moving bullish. I think this is a good way of orientation for all other major pairs. What are you thinking about? Any comments are welcome. Good luck and a lot of pips for you all!
After the retest in the area of 1.07900 in my opinion the EURUSD is falling about 60/70 pips to the Take Profit Area. It's just a little idea but it will bring me some pips this week. I wish you all good luck and good trades!
Hi traders, After I placed a short somewhere in the red zone the EURUSD was falling fulminantly today. During the consolidation phase, that hold for four days, my feelings were moving also. Up and down - up and down... Okay, so my second trade that I will start is at the level of 1.0720. At this price I await a retest with a following hard downmove for a new low,...
The level of the EURUSD is at the moment at 1.0733. This level looks of course highly interesting: If you watch the horizontal black line I drew it looks like this level is now resistance instead support. (You will recognize more on a M15 chart.) This could be a good sign and a first evidence of my last idea I posted a few days ago, that the EURUSD is moving now...
It took a while for the EURUSD to rise into such "new hights"; almost a month. But that's all for January. After reaching the 1.0700 level the EURUSD will start a downtrend. So in the next months we will see a falling Euro. I placed a SLO into this red zone because I think that today (or at least tomorrow) during the LO this level will be hit. And what follows...
Hi traders, It's day five for the EURUSD during the consolidation phase. After the bounce of the resistance level confluenced with the 88.6 Fib retracement it is just a little short trade about 30 pips to the Take Profit Area. So I will look for a nice entry level and that's done for Monday. We also have to look very close in this grey boxed area. I've got some...
In my opinion today looks like a very quiet day. So I will take the opportunity and go short with following idea: During the Tokyo-Session the price levels at 1.0680 (red X) have been taken out, what I call a Run for Stopps. For a comfortable trade I goal the levels marked here as Area for Take Profit. If the level won't get hit today so I guess this target can...
After the successful retest of the EURUSD on the 1.0690 level it is more then clear that the fiber is going southworths today. And that in a very, very sharply manner! Also taking into consideration that we look at a day that has got three high impact news. I showed you the profit area - so you have to decide yourself for the take profit level. I wish you quite...
At the first glance it looks on the EURUSD daily chart as there where a lot of power in the upward direction. Yesterdays candle had a short wick on both sides, up and down. But here is a deeper look at the present situation more then necessary: After studying this chart for quite a long time I decided following plan: Entry Point: 1.0680 Stop Loss: 1.0700 Take...
Hi traders, After the gap was closed the price is still rising during the LO. In my opinion this is a good sign for a sell at the level of 1.0685. I placed a sell limit order there with a 20 pip SL. About the TP: First I watch the price movement before I decide a taking profit level. What's your opinion? Any comments would be great! Have a nice a and quite a...
My idea for going long in the EURUSD is this open gap at 1.0637 which is still open. So there are a few pips to catch. And after this action I will wait and see if the price looks again to the 1.060 level... But this is different plan which could be follow tomorrow. Have a nice day and a lot of green pips!!!
Hello traders, Here is another idea from me: Today I've started to sell the EURUSD @ 1.0640. Why? Because there are levels that the market could be interested in. They were build during the speech of Mr. Trump and had a great impact in the market place. The most people are looking forward to see the Euro going up. But in my opinion first the market has to clear...
I've just shortened @1.0615 because I've seen some anomalities. At the moment I haven't an idea for the level of profit taking but for now I just let is run downwards. I am sure there is a lot of pips in this trade. Good luck traders!