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EURUSD

  • #1,138,641
  • Dec 10, 2017 2:33am Dec 10, 2017 2:33am
It is showing indications of an upward movement next week. I think "M" is complete and now it will touch 1.19400 second last resistance. EURUSD also touched at second last support and starting a new bullish trend.

H4

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H4 (Touching second last support)

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  • #1,138,642
  • Dec 10, 2017 3:35pm Dec 10, 2017 3:35pm
If you are tracking EURUSD this week, consider this top-down technical perspective.

On the weekly time frame, price action is operating within a descending channel and at the 50 Fib retracement zone of the swing from the high of June 2014 to the low of March 2015. Two price waves have formed within the channel. A third price wave southward seems to be emerging with two bearish candlesticks from channel resistance line. However, we may expect a struggle around the 1.16720 area.

A topping pattern has formed on the daily time frame, which is favourable to bears. We may see bears target the channel support line but the 1.15335/1.14840 area is likely to be a strong support zone and difficult to break down.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,138,644
  • Dec 10, 2017 7:20pm Dec 10, 2017 7:20pm
After the pair broke below 1.18 resistance level, the risk remains on the downside. Support can be found around 1.1725/30, further downside might be expected.
  • #1,138,645
  • Dec 10, 2017 11:49pm Dec 10, 2017 11:49pm
Inserted Video
  • #1,138,646
  • Dec 11, 2017 1:00am Dec 11, 2017 1:00am
looking for a spot to short, 1807 and 1867 are interesting...
Look Sharp/Trade Tight
  • #1,138,647
  • Dec 11, 2017 1:12am Dec 11, 2017 1:12am
Quoting PayTheLimit
looking for a spot to short, 1807 and 1867 are interesting...
That my target to.

Pending short arround 1.1840 -- 60 levels.
  • #1,138,648
  • Dec 11, 2017 1:12am Dec 11, 2017 1:12am
Eu: R 1.18, S 1.1725

My levels are not static but liquid, they can change with a blink of a eye....also PA is essential for confirmation....GL
trading is simple but is simple is not easy.
  • #1,138,649
  • Dec 11, 2017 1:12am Dec 11, 2017 1:12am
Took long 1.1770 target 1.1875
Forex Learner
  • #1,138,650
  • Dec 11, 2017 1:35am Dec 11, 2017 1:35am
I see crew , some brave sailors are already long

Same with me . SL previous lows @29

  • #1,138,651
  • Dec 11, 2017 1:49am Dec 11, 2017 1:49am
Hello guys, sorry I cant find the usdchf forum to asking about this currency trading. Currently I open my sell at 0.9975 and waiting around 0.9850 - 0.9835 for my TP. Just want to know does it will effect this currency pair if the FED hike the rate from 1.25% to 1.50%. Most probably it will bearish as I know but just to make a clear view.

Sorry again
  • #1,138,652
  • Dec 11, 2017 1:54am Dec 11, 2017 1:54am
Quoting miziler
Hello guys, sorry I cant find the usdchf forum to asking about this currency trading. Currently I open my sell at 0.9975 and waiting around 0.9850 - 0.9835 for my TP. Just want to know does it will effect this currency pair if the FED hike the rate from 1.25% to 1.50%. Most probably it will bearish as I know but just to make a clear view. Sorry again
most likely ur TP will hit, when trade is in good profitmove ur SL to Entry Point
  • #1,138,653
  • Dec 11, 2017 2:02am Dec 11, 2017 2:02am
Thanks you for said most likely. Have a good days ya.
  • #1,138,654
  • Dec 11, 2017 2:08am Dec 11, 2017 2:08am
BPound Shorted now at 1.3390 SL 1.3433

  • #1,138,655
  • Dec 11, 2017 2:33am Dec 11, 2017 2:33am
I'm long riding the pull-back that should run up to the 10-day moving average @ 1.1826 and getting ready to short @ that point with a target @ 1.1680.

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  • #1,138,656
  • Dec 11, 2017 4:07am Dec 11, 2017 4:07am
EURUSD remains in the Daily downtrend, now we can observe a retarcement, new selling opportunities will appear after this correction
  • #1,138,657
  • Dec 11, 2017 4:16am Dec 11, 2017 4:16am
GU I have Support 1.3350
trading is simple but is simple is not easy.
  • #1,138,658
  • Dec 11, 2017 5:09am Dec 11, 2017 5:09am
My belief is eurusd has made bottom last Friday and will go higher than most believe for a month or two maybe into the spring. 12600-13000 area is where I’m looking for to top out on this run up. I’ve been buying. This market has not trended very well the last few months. But now maybe it will. Everyone has to trade how they see things.
  • #1,138,659
  • Dec 11, 2017 5:14am Dec 11, 2017 5:14am
Quoting F.g
BPound Shorted now at 1.3390 SL 1.3433
I exited shorts at 1.3373 after the new low at 1.3342

  • #1,138,660
  • Dec 11, 2017 5:26am Dec 11, 2017 5:26am
We are still in a range between 1.2 and 1.15.

Believe we can see it try to test 1.15 from here. But upside looks quite likely in the future
A 1 pip gain is better than a 1 pip loss.
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