Although in the long run the FX pair EURUSD is in a downtrend, the last movements at 4H chart do not indicated a strong will in continue going down. Thus a riskier long position can be initiated at 1.10295 with a big target at 4h chart 200 EMA.
Δευτέρα 2 Νοεμβρίου 2015
Technical Analysis EUR/USD
EURUSD has broken through the support trend-line at 1.102500. Wait for the market to retrace back to 1.10253 levels to sell for 1:2 risk to reward.
Technical Analysis EUR/USD
The
fx pair is just looks in some kind of base building to get some power before
the bigger up move will start. This is also proven by the ongoing correction of
the still existing downtrend (bigger TF) because it is so big and confusing.
This all means it is good to expect new low but with just a few pips and new
highs as well. To trade in both case it is good to think in short terms. Until
the market won’t reach minimum to close distance to S2 good to take SHORT
positions. And also it is good to take Long positions if like S1 holds but just
for short term and for one round.
Opening
a position: in every M5 pullback end to the given directions. Every time it is
important to take care for the contexts.
Technical Analysis AUD/USD
Downward momentum is confirmed in AUDUSD and a retrace overnight gives good opportunity to get short as market broke out of overnight channel at 0.71352. SL 0.71479. Conservative TP at 0.71097, but real potential to trail the stop loss right the way down for a 1:5 Risk:Reward to 0.70846.
Technical ANalysis EUR/GBP
The pair has been trading inside a falling wedge for the past 20 days. A falling wedge is a pattern that usually ends up in an upside breakout. We can trade this scenario by opening a Long position should a candlestick close above the upper resistance. Place a stop-loss right under this line in case of a false upside breakout to protect your position.
Technical Analysis EUR/USD
At Pivot, price consolidated and recover. Go Long at this level. SL at 1.0965. TP at R2
Κυριακή 1 Νοεμβρίου 2015
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