USDCAD +160 PIPS available
- #22,404
- Jan 14, 2016 4:55am Jan 14, 2016 4:55am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The EURUSD has found strong buyers in the 1.0800 zone and is well confined withing the borders of a Bullish flag on H4 time frame. The situation with this pair is really interesting as we have a possible hidden bearish divergence in a bull flag with an inverted head and shoulders pattern in progress. If the MACD prints a HH and the price prints a LH that would confirm the hidden divergence and the price should drop towards 1.0850 again.
Because the price is bullish on intraday time frames but still bearish on higher time frames, the only valid option for bears is to fade rallies around POC - 1.0950-1.0970 zone which shows a strong confluence (possible hidden bearish divergence, H3, the top of the flag). I see this zone for potential short trades. The stronger confirmation would be if hidden bearish divergence gets confirmed so pay attention to both possible divergence and POC zone. If the price closes above 1.0985 on H4 time frame we could see 1.1045 as it will also confirm a breakout of inverted head and shoulders pattern.
Because the price is bullish on intraday time frames but still bearish on higher time frames, the only valid option for bears is to fade rallies around POC - 1.0950-1.0970 zone which shows a strong confluence (possible hidden bearish divergence, H3, the top of the flag). I see this zone for potential short trades. The stronger confirmation would be if hidden bearish divergence gets confirmed so pay attention to both possible divergence and POC zone. If the price closes above 1.0985 on H4 time frame we could see 1.1045 as it will also confirm a breakout of inverted head and shoulders pattern.
- #22,405
- Jan 14, 2016 6:35am Jan 14, 2016 6:35am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The EURUSD has found strong buyers in the 1.0800 zone and is well confined withing the borders of a Bullish flag on H4 time frame. The situation with this pair is really interesting as we have a possible hidden bearish divergence in a bull flag with an inverted head and shoulders pattern in progress. If the MACD prints a HH and the price prints a LH that would confirm the hidden divergence and the price should drop towards 1.0850 again. Because the price is bullish on intraday time frames but still bearish on higher time frames, the only valid option...
- #22,408
- Jan 14, 2016 10:05am Jan 14, 2016 10:05am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
- #22,409
- Jan 14, 2016 10:06am Jan 14, 2016 10:06am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
- #22,411
- Edited 7:03am Jan 15, 2016 4:16am | Edited 7:03am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Hi ladies and gentlemen. FYI, I will be attending a Forex Expo show in London on 19th on February where I will talk to investors and hold a mini educational seminar. It is just a month to the show so make sure you reserve your FREE tickets.
HERE is the LINK
HERE is the LINK
- #22,414
- Jan 15, 2016 3:40pm Jan 15, 2016 3:40pm
- Joined Sep 2014 | Status: Don't make me use this! | 1,214 Posts
- #22,415
- Jan 17, 2016 10:49am Jan 17, 2016 10:49am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
- #22,416
- Jan 18, 2016 2:02am Jan 18, 2016 2:02am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} Alpesh Patel must be so important he is mentioned twice.... lol
Funny... probably a mistake
- #22,417
- Jan 18, 2016 2:51am Jan 18, 2016 2:51am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #22,418
- Jan 18, 2016 3:22am Jan 18, 2016 3:22am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} Alpesh Alpesh, Patel Patel or Alpesh Patle, Alpesh Patel... perhaps he will be speaking in 2 different occasions during this event?? nah im just kidding.
Well sometimes the organizers make mistakes. BTW, feel free to join on EXPo show. If you are asked for a code leading to free tickets, just email me, I will send you the code. 
- #22,420
- Jan 18, 2016 7:20am Jan 18, 2016 7:20am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
After a strong bounce from 1.0800 the EURUSD is still bought on dips. The lack of important data today and US bank holiday will probably keep the pair within the range, but it will also give us the opportunity to long on dips.
Technically POC comes within 1.0870-80 (L3, X cross.T-89 pattern) and it is also supported by a hidden bullish divergence. Hidden divergence is a trend continuation type of divergence and in this case it supports the bounces off the support. Adding to that we can see the Ascending scallop pattern right off the trend line.
However, the pair needs to stay above 1.0800 and only below 1.0800 we will see stop grabbing toward 1.0740 zone.
Technically POC comes within 1.0870-80 (L3, X cross.T-89 pattern) and it is also supported by a hidden bullish divergence. Hidden divergence is a trend continuation type of divergence and in this case it supports the bounces off the support. Adding to that we can see the Ascending scallop pattern right off the trend line.
However, the pair needs to stay above 1.0800 and only below 1.0800 we will see stop grabbing toward 1.0740 zone.