Europe
Thomas Cook reached a 3 year peak..then what?Thomas Cook plc 5 days ago reached a 3 year peak. It then flirted with that high for a few more days until it dropped today.
There was a warning for traders a couple of days back that a short movement was coming.
STOXX 50 DAILY LONG 2618 Very good high probability setup for change in direction. Strong level of support. RSI oversold with divergence and last leg sign of a retracement. Bears couldn't break lower that lever last week. If Italian election ends well and Merkel do her job for Germany things might go pretty well.Relatively cheaper equities in EU makes me think 2018 EU may overperform US indices. Will see. Expecting appreciation further of the EUR. 2:1 RRR. DAX CAC BEL will tell the story. Good Luck
Euro Stoxx 50- Major breakout inevitable.Euro Stoxx 50- Major breakout inevitable. Symmetrical triangle formation breakout will be violent. 50/50 chance of either bullish or bearish breakout.
GBP/USD WATCH FOR strong LONGThe GBP/USD pair is currently testing a strong Trend-Support. BOE's announcement was not entirely clear and might have lead to irrational fear and an underpricing of the currency! Watch for economic news from Britain this weekend and next week. GBP is supposed to bounce up as several interest rates hikes were announced. However, if the economic outlook happens to worsen, the GBP could go down to the lower limit of the channel.
ENTER TRADE ONCE price bounces off support - I'm aiming for an entry at 1.4000 on the support .
If the trend is broken - I'll short at 1.39820.
Anglo American Plc fell 3.5% in 4'..Anglo American announces earnings tomorrow..a day earlier, today...it fell 3.5% in 4 minutes.
Most traders took short positions on Thursday were the stock fail to progress further.
Buy on completion of BatPrice is forming an XABCD Pattern in the right Fibonacci ratio's so far. Price is currently sitting at a strong resistance currently, so could take it for a sell right down to the target buy area.
Place stop loss just above point A.
Take profits at the various support levels throughout.
Last time I called this it moved ¬800 pips.
Stoxx 600 Futures: Megaphone pattern at major resistanceI keep hearing how Europe is a better investment relative to the US but a quick look at the FY1! chart fails to convince me so. The price action is hitting a major resistance marked by market tops in 2007 and 2015, price action is forming a bearish expanding megaphone pattern with MACD divergence. The bear in me is growling to get out.
Buy Signal! Follow the comments on the chart! if If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closed price must be below the Stop line, the shadows are not acceptable
LTCEURLitecoin looks very optimistic, however, due to Litecoin Cash pump I expect a thorough retracement atleast until Fib 0.618.
There was a clear double bottom for LTC and afterwards a nice pump into a 5 wave structure. It went right up to the point where it last collapsed 15 January shown by the upper red ball. The thick purple line shows that we break through the longer term bearish trend line, therefore I think we are in the correction of the first bull wave.
RSI is bearish down sloping
Buy; from 130 -113 euro (previous bearish trend line)
At the Fib levels, look for reversal trend signs in order to confirm and buy.
Requests for any euro pairs? Let me know in comments!
EURUSD. Now long for wave 5 to 1.2570-1.2800It is quite possible that wave 4 has been finished.
Wave 5 targets in the area of 1.2570-1.2800 as highlighted with the blue box.
Vanilla Break EURUSDI think me might have a nice shoot of shorting the Euro here against the Dollar. If we continue to see dollar Strenght, EU and Britain keep arguing, the Euro is also bound to follow cable south. Good luck out there.
EuropeCoin Could Double in ValueEuropeCoin clearly trending upwards as the uptrend trendline is being rejected repeatedly. On the last corrective wave down from $1.35, ERC/USD lost 67%, and the fall was stopped by the uptrend trendline as well as 88.6% Fibonacci retracement level.
After rejecting the support price jumped up to $0.9, gaining over 100% in less than a day. However the descending channel has been rejected and in order for EuropeCoin to prove the uptrend, daily close must be above $0.93 which currently acting as a resistance. Break above should result in a continuation of the uptrend which could send price as high as $1.9, that is a 100% gain from the current price. At the same time, $1.42 resistance level should be watched as the first potential upside target.
On a downside, only a daily break and close below the $0.32 could invalidate bullish outlook.
DASHEURMissed the opportunity of buying in early stage.
It is nice to see how the corrective waves hit exactly the targets as expected for a crypto correction. A wave until 0.618, B wave 0.618, and shallow C wave until 0.5.
Next targets
Sell; 1090 euro
Buy 1; 970 euro (End of wave 4)
For long term investors I would suggest to buy now and buy with a small discount.
For any request, comments, questions feel free to contact me.
EuropeCoin VS Bitcoin Buying OpportunityEuropeCoin has begun trading upwards after hitting the 3k satoshi low. Price broke above the 200 MovingAverage and after a month of consolidation and multiple rejections of the 200 MA, 23.6% Fibs support as well as 2/1 Gann Fan trendline price broke above the upper trendline of the descending channel.
Price broke above the channel and previous high at 9k satoshi with confidence, under a heavy volume, suggesting the continuation of the uptrend. The nearest resistance is seen at 61.8% Fibonacci retracement that is 13.4k satoshi, that is 50% growth potential from the current price. Only break and close below 7k satoshi support could invalidate bullish outlook.
EUR/NZD is currently at interesting point! Breaks or NOT?Looks like EUR/NZD is about to show us something interesting. If it breaks the line -----> Bearish trend down to 1.62000 level
If it won't break the line -----> then we will see a further upward movement possibly up to 1.74000. Fundamentals are in favour of EUR!
So let's keep an eye on this lovely currency pair!
Buy DAX and hold at leat for this week?The DAX is recovering from last week's lows. The hammer confirms that the 12000 level is a strong support. The trend line shows that a shy uptrend is taking place. It will probably retrace on the 50% fibonacci level where also the 50 and 100 period EMA will function as a resistence.
What about to sell the EURUSD?Good news from the USA, construction is on the way. Have you bought some brikcs to start?
