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EURUSD

  • #1,002,781
  • Edited 4:51am Jun 19, 2015 4:34am | Edited 4:51am
EURUSD M30 Outlook

Yesterday night trend turned into bearish. I am waiting the end of this retrace to short again.

Edit: Also keep in mind that in the bigger frame this could just be a big retrace.

Red/blue trendlines are areas where we could sell/buy. I also marked important fib levels for sell/buy. Only 50 is gray since I see it as two sided, where depending on the situation one could either buy or sell. Also keep in mind the gray S/R areas where price could bounce too.

Edit: One last thing: This seems to be a head and shoulder pattern and we can roughly calculate the target as the picture below shows.

Happy Trades
Attached Image (click to enlarge)
Click to Enlarge Name: M30-Analysis-2015-06-19.jpg Size: 389 KB
Attached Image
Focus only on what truly matters!
  • #1,002,782
  • Jun 19, 2015 4:39am Jun 19, 2015 4:39am
Go short with TP 1.128 and stop loss at 1.1435.
Attached Image
  • #1,002,783
  • Jun 19, 2015 4:42am Jun 19, 2015 4:42am
Quoting Ata-Turkoglu
EURUSD M30 Outlook Yesterday night trend turned into bearish. I am waiting the end of this retrace to short again. Red/blue trendlines are areas where we could sell/buy. I also marked important fib levels for sell/buy. Only 50 is gray since I see it as two sided, where depending on the situation one could either buy or sell. Also keep in mind the gray S/R areas where price could bounce too. Happy Trades {image}
Hey AtaDo you think 1.1350 is a safe place to go short Tp is 1.12850
  • #1,002,784
  • Jun 19, 2015 4:47am Jun 19, 2015 4:47am
Quoting janpec1000
{quote} Where is engulfing? Last two candles are drop.
Maybe this is what he mean, engulf H4 candle (red arrow)

Yes, but don't forget that we have engulf candle before (yellow arrow),
which mean it's signal to "hey, the next is just be a lower low of previous candle"

Attached Image (click to enlarge)
Click to Enlarge Name: Engulf BEAR.png Size: 49 KB
  • #1,002,785
  • Jun 19, 2015 4:55am Jun 19, 2015 4:55am
now chances of reaching 1.1280 is pretty high, still trying to base a support at around 1.13
As Above, So Below
  • #1,002,786
  • Jun 19, 2015 4:58am Jun 19, 2015 4:58am
Quoting Hsn88
{quote} Hey AtaDo you think 1.1350 is a safe place to go short Tp is 1.12850
Could be okay.. it is still fib 38.2.. but risk is about 30 to 40 pips.. I would take a trade there only after some strong confirmation.. otherwise I would wait in hoping mode that goes back to 1.1370/80 area where shorting would be better and risk would be small. But that is my way. You can decide.

Happy Trades
Focus only on what truly matters!
  • #1,002,787
  • Jun 19, 2015 5:06am Jun 19, 2015 5:06am
Quoting Ata-Turkoglu
{quote} Could be okay.. it is still fib 38.2.. but risk is about 30 to 40 pips.. I would take a trade there only after some strong confirmation.. otherwise I would wait in hoping mode that goes back to 1.1370/80 area where shorting would be better and risk would be small. But that is my way. You can decide. Happy Trades
Thanks for the answer.I love your input and the way you trade so I will take your advice and wait
  • #1,002,788
  • Jun 19, 2015 5:07am Jun 19, 2015 5:07am
Quoting Dunno67
Go short with TP 1.128 and stop loss at 1.1435. {image}
You risk 130 pips vs 30 pips profit ? Good Luck with that strategy.
Stop going for the easy buck
  • #1,002,789
  • Jun 19, 2015 5:09am Jun 19, 2015 5:09am
Quoting Hsn88
{quote} Thanks for the answer.I love your input and the way you trade so I will take your advice and wait
you're welcome bro
Focus only on what truly matters!
  • #1,002,790
  • Jun 19, 2015 5:09am Jun 19, 2015 5:09am
wtf where are movements?
  • #1,002,791
  • Jun 19, 2015 5:16am Jun 19, 2015 5:16am
Go short, Grexit is coming guys, rest assured...
  • #1,002,792
  • Jun 19, 2015 5:21am Jun 19, 2015 5:21am
Let's push cable down to S1!
  • #1,002,793
  • Jun 19, 2015 5:27am Jun 19, 2015 5:27am
Quoting KzX
If 305 broken, 275 with soft stop at 290, if not back to open
Yesyesyes
  • #1,002,794
  • Jun 19, 2015 5:28am Jun 19, 2015 5:28am
While I was waiting for a possible climb above fib 50 price pushed lower to fib 61.8.. no problem.. I never trade while price is inside fib 50 and 61.8.

As for now the best area to scalp long seems to be fib 78.2 area: roughly 1.1250/60..

Happy Trades
Focus only on what truly matters!
  • #1,002,795
  • Jun 19, 2015 5:32am Jun 19, 2015 5:32am
Ken, you bought up EJ 139,1x?
  • #1,002,796
  • Jun 19, 2015 5:38am Jun 19, 2015 5:38am
Buy again eu at mid 1296... sl 1287...
Peace Yo!
  • #1,002,797
  • Jun 19, 2015 5:39am Jun 19, 2015 5:39am
Quoting mrluckystar
Buy again eu at mid 1296... sl 1287...
Good, I'm L too
  • #1,002,798
  • Jun 19, 2015 5:41am Jun 19, 2015 5:41am
Earlier, then later.
Attached Image(s) (click to enlarge)
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  • #1,002,799
  • Jun 19, 2015 5:42am Jun 19, 2015 5:42am
About time for the euro to break the resistance!
  • #1,002,800
  • Jun 19, 2015 5:50am Jun 19, 2015 5:50am
Quoting KzX
{quote} Good, I'm L too

Hope it gets to 320 for some short there. If it goes down nothing i can get involved in, so hoping for more upside.
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