EURAUD LongSharing a current trade of mine. The Butterfly, Elliot wave extension and head and shoulder formation give us healthy targets at the 1.634 levels. Likely in subwave one of wave 3.
For those looking to join the action, getting short at 3 might be a good trade. I do not like trading 5th waves so I rarely suggest them.
Happy Trading.
Eurlong
EURUSD or 6E plan for 05.08.2019Price main moves is UP.
I will wait pullback to 1.11122 and if it will be all need conditions,
I will open long position. If I open it, I will write another post with numbers of Enter, SL and TP.
All trades I make between 9:00 - 11:00 AM by Chicago time.
Today on at 11:00 AM by Chicago, on my YouTube channel named as USOIL WTI, I will answer your questions.
Write comments, push likes, find me on Telegram and YouTube.
If you have any questions, write private messages.
EURUSD 6E plan for 01.08.2019Move down is complete now.
Here is good place to prepare for long.
Main price move I expect up.
I need another one bar down with high volume to open long with target 1.1155
All trades I open between 9:00 - 11:00 AM by Chicago.
If you have any questions, write comments or private messages.
EURCHF poised to push higher...Here we are remaining with our long bias, a view that has been with us since 2018.
=> Fundamentally, the SNB increasing in deposits suggests that the SNB have likely been keeping the EURCHF supported whilst volatility was on the move. President Jordan notably mentioned that the SNB is growing more concerned with market vol and the impact it is having on the CHF.
=> Here we can see the divergence implied from the options market and would suggest that EURCHF has room to correct higher.
Those following our ideas already know we see the EURUSD breaking down and this will increase European volatility but we don't see this being enough to put upward pressure on CHF.
I would also encourage you to check the USDCHF idea attached for a more detailed technical breakdown on CHF.
Thanks and best of luck.
EURUSD BuyLimit on 1.1433 with RRR 3.63I think that EURUSD still on bull trend. So we need enter in buy position. But Where?
Best enter will be on some low - when the pair updates the last lower extremum at 1.1433
I make there BuyLimit and TP will be 1.1514. SL - 1.1410. So RiskRewardRatio - 3.63
P.S. On chart order placed not full correctly so RRR 3.05. But really - 3.63 :)
EURUSD approaching support, potential bounce!EURUSD is approaching our first support at 1.1286 (horizontal swing low support, 100% Fibonacci extension 78.6 % Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1421 (50% Fibonacci retracement , horizontal overlap resistance).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
LONG EURCHF approaching support, potential bounce!EURCHF is approaching our first support at 1.1245 (horizontal swing low support, 100% Fibonacci extension , 61.8% Fibonacci retracement ) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1309 (61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
EURUSD DB Long Opportunity EURUSD is seemingly attracting demand around the 1.1300 double bottom area. The Median Line of this inside set is also tested here. If this area fails, sellers will target 1.1000-1.0800 for further downside. However there are good odds that this will get picked up here for at least a minor correction towards the 1.1475 area. Buying with stops below 1.1300 and looking for 1R-2R targets here.