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Eurlong

Before a false reversal! eurusdAlthough we have a model of head and shoulders and obviously there will be a small correction, we will be able to buy without worries at a target level of 1.21296 things will evolve positively for eurusd for those who have patience, for those who still believe that what we have it's a typical reversal and things will go down. I want to mention that it is not advisable to work against a trend that shows its strength for a period of a day or 4 hours, although we are approaching an important level of resistance! Trade only as much as you can lose, this is not a suggestion or an exhortation! You are responsible for your losses and gains. This theory that I have formulated is only my opinion!
Long
by Caesarstein
EUR LongEUR Long may be a good trade, Sunday Evening, before the upcoming interest rate announcement on JPY, Monday Night. EUR is differentiating on Market Lead NZD. At the moment, EUR is the only currency on the strong side of the Weekly Smoothed Moving Average against Market Lead NZD, although CHF and JPY don't look too weak on that front either. EUR is crossing the 10 Day Linear Regression Offset against AUD, GBP, and JPY. EUR is also crossing the 15 Day Linear Regression Offset against CHF. I'm going to monitor EUR Long as the trading week starts to see if it maintains that strength.
Long
by Osinaike
4
EurUSD Trade IdeaThe case is as follows. The greater trend appears to be toward the upside. Assuming my elliott wave is correct, we are currently in the 5th wave of the higher trend. Evidence for this is as follows: There has been a clear wave 1-2-3 developement. Wave one was followed by deep and short zigzag. Following the zigzag downwards, we see a clear, extened wave 3. What I enjoy about this wave count, is that is possesses alternation in the greater wave structure. Assuming my count is correct, the wave 2 was a short and deep zigzag followed by a longer, sideways flat correction. Of course there are some concerns around what I call the wave three. Concern number 1: There appears to be no alternation in the wave three. I argue that this is still a wave three because according to elliottwave guidelines for the impulse wave, when a wave is extended, it is common to see short corrective waves and larger impulse waves. This is a trait that we see in our wave 3 for Euro/USD. Concern 2: There appears to be a really short wave 5 in the wave 3. My explanation for this is that we have traveled a great distance in the waves 1 and 3, which resulted in less bullish momentum for the wave 5. The common projection for the wave 3 is a 1.618 of wave 1, but we can see that it had alread reached this extension by the end of the wave 3 of the larger wave 3. As a result of this, I don't see the shorter wave 5 as a problem. Concern 3: The wave 4 of the greater trend The wave 4 of the greater trend gave me doubts about posting, but I strongly believe that I should put myself out there so I can learn from my failures, should there be any. This 4th wave appears to be a flat, but I am unsure about the substructure of it. A 3-3-5 makes sense, but the wave 1 of the wave 5 we are seeing now isn't as strong as I would like it to be. My other idea for this would be a count that makes this 4th wave an undeveloped triangle. Should this be the case, we will be seeing a wave 4 that continues for a while longer. The reason against the triangle, was I was I found it hard to reason why the wave B of the triangle has surpassed the top of the wave 3. In addition to this, the waves of a triangle typically retrace 0.61% of the prior wave, but as we can see, this is not the case. As a result of this, I conclude, that a flat has just finished and we will be seeing a 5th wave move to the 1.2 price target. In this event, using the mika.k time prediction technique, I expect the wave 5 to end around 10 AM on april 14. This wave count will be discredited if we see a move beyond the low of the wave 4, which is 1.18716. All in all, I am probably 80% confident in this trade. As I tried to justify the wave count, a thought came into my head that made me want to refer to other forms of analysis, such as rsi, and macd, to support my count, but this would show that I lack faith in my elliottwave abilities and these tools would act as a crutch for me. I would simply use them to justify whatever I wanted to see. If I want to get better at trading, I must learn to trade using one simple method and master that, which is why you don't see me refering to any other form of technical analysis. Finally, I felt nervous writing this post since I feel like I am on a hot streak. No matter what happens I am happy to say that I waited for this move to unfold before I posted about it. I didn't guess, but instead, I waited all day until I saw an opportunity a clear wavecount. I believe I am well on my way to becoming one of the greatest traders to ever live.
Long
by Mika_k
EURUSD Update, approaching buy zone Hello everyone, this is next update on eurusd as it's apporaching our buy zone which ~40 pips away. I will be looking at price action at this levels to get into long position. We have 50% fib, onetoone formation and retest of previous high. This indicate that we may see a stron support at those levels. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
Long
by Coder775
1
$EURAUD BULLISH. Target 1.5995. EURAUD made a higher low and formed a double bottom pattern and fixed above the resistance of the pattern before market close, indicating a continuation of buying pressure for the week ahead. I entered when I saw a reversal happening at the 1.56 support zone and our position is +17% in profit so far. In addition, the market is finally above the ichimoku cloud and as you can see from the chart, it had been getting rejected by Senkou A (the top boundary of the cloud), multiple times and when it had broken out from it at the start of December, it was followed by a +1% increase. We had been oversold in this market and there was a bullish divergence forming on RSI and momentum, all to support the bullish argument for the pair. I will hold the position with a trailing stop until the target is reached. Follow me for more trade ideas and market analyses. Best, Umit *This is not investment advice.
Long
by UmitAbdulkasim
6