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Eurusdbreakout

EURUSD INSTITUTIONAL WAY OF TRADING!!!MARKET ANALYSIS: As we can see from the current market scenario the pair has broken a long consolidation which was lasting for the past 30 months has been broken. Now the market is moving towards the next possible supply which is accompanied by a a long term descending channel resistance. As we can see from the 4hr chart the market is making a good higher high and higher lows. So the possibility for a trend continuation is seen clearly. The best trade setup would be to go with the market trend. Cheers!
Long
by Kishore
2
EUR/USD showing exhaustion, possible big reversal.Hello traders, After the long uptrend, the EUR/USD pair is showing signs of exhaustion. First, it seems to be failing to make a new higher high, as seen on the latest candle. The RSI is starting to show a divergence (RSI is not making a new higher high on the latest candles). I will be waiting until the 4H candle breaks the 20 moving average from the Bollinger bands with a clear bearish momentum candle in order to enter (at least this is my strategy as I need clear signals). I do not try to enter on the highest possible point, as I am not a very risky trader. I prefer waiting for clear confirmations and sacrifice some pips in order to avoid big losses. What is your idea on this? Leave a comment below :) Ray
Short
by FromForkToFingers
EURUSD: Why Am I Bullish? My Chart Will Explain It WellI believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail. Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades. My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
Long
by Dinkan
14
EURUSD S/T Map for ECB and DT Fiscal Announcements...After Europe going home today we saw 1.095x to the tick after results from French election came in as expected... a very well done to those who took option 'a' in the previous EURUSD ' choose our entry cleaning first targets in a rather swift move. Until we clear French risk completely off the table we are looking for the final exhaustion leg in Euro before the downside finishes... (at least for now). Markets will soon issue an expiry date for DT to provide results on the economic front. This will be the last leg in euro to the downside for some time, as macro numbers continue to print positive and risk increases in US with DT beating his chest... For those trading shorts: SELL @ 1.095x WITH SL 1.102x -> TP1 1.087x -> TP2 1.079x -> TP3 1.04x -> TP4 1.02x ... Tracking shorter-timeframes like a hawk as I actively look for entries. I will be posting more updates here and on telegram over the coming sessions. All the best to those trading live.
Short
by TheBanker
27
Good spot for buyers near support on EURO.... and we will take that in eurusd from 1.087xx shorts , congratulations to all those in the telegram who caught the 1.087xx top and to those who have already taken profits on this and actively looking for the next leg. With bearish divergence appearing on the /dx (see attached ideas) the downside here in eurusd should be limited ; we are still trading short-term legs inside a mid term swing, though both sides are very trade-able. Time for us to choose our positions ; a. BUY 1.058xx -> TP 1.13xx b. BUY 1.035xx -> TP 1.108xx c. Double down on shorts from 1.087x and add to position at 1.073x -> TP 1.03xx d. No idea Lets open up the discussion for the coming sessions, this post aims to keep a log of those who are trading live and actively calling trades ahead of time making yourself accountable. This is one of the best things you can do as a trader. Banker
Long
by TheBanker
18
EURUSD Is Not Going To ParityTaking a look at the long term cycles you can see that the market took about fifteen years to create the wave from 1985 to 2000. Here we sit at the bottom of the subsequent cycle after that and you have everyone and their mother thinking that the euro 0.09% will go to parity. This has led me to thinking that the sheeple out there are drinking too much of the Kool-Aid and not doing their thinking. So lemme give a taste of contrarian thinking. It might be a little soon to suggest that we are at a major low, but that is how i'm playing it. As the analysis on this long term chart suggests, the market is due to put in a low that can last for the next seven years. Once this low is established then you will have everyone denying that it is in a strong position to move higher. With that being said this chart has me comfortable to lean on the long side from a position trading standpoint. The previous wave lasted fifteen years and the current wave is pushing the calendar to over seventeen years which means that the low is over due. Of course there will be those who don't want to read the writing on the wall. Cycles work suggests that the move to parity is overstated. You can also get a sense for this confirmation by looking at the other Euro 0.09% pairs. They are starting to put in major lows from a long term perspective as well.
Long
by Andy_Garcia_CMT_CFTe
3
EURUSD Head and Shoulders FormationTHE BIG PICTURE: This is the daily chart of EURUSD with the reverse head and shoulders pattern. At the moment of this publishing it is still premature to consider the formation complete. The anticipation is to have the market close above the neckline. If this occurs then it sets up for a higher likelihood that the Euro will start to trade toward the 1.1250 target zone. The time to trade it will be once the market can close above the neckline. THE TECHNICAL STANDPOINT: Once the market is able to close above the neckline then the trade can be triggered somewhere around the 1.08 level with a stop just beneath the right shoulder at about the 1.0480 level. The target based on the measurement of the tip of the head to the neckline measures about four hundred pips. With a risk of about 300 pips and a target of about 400 pips this sets up for a reward risk ratio of about 1.43 to 1
Long
by Andy_Garcia_CMT_CFTe
never marry a position, huge upside unlocked in euroMorning guys, I'm sure many of you didn't expect to wake up and see me posting this chart.. As one of the biggest bears on the euro here on here alongside many others; it is only right to keep you updated with my outlook. The end of the downtrend in the euro is around the corner, whilst there is little support below 1.04x a break below certainly unlocks parity; I am expecting an active weekly open from Europe with the US remaining choppy until fed. Gold is marching deeper with the hikes play whilst Euro is chopping in same area with the map clear as day for FED... strange you may think? We have risk all over the place with risky european elections, UK about to jump in the abyss and the never ending populists leading the pack. BOE overstayed low rates that inflation is already hitting deep in the UK, finally getting back to norm in EZ. 1.048x is the rain maker to the short side, until we take out 1.09 then we must give bears the benefit of the doubt; I am starting to scale in longs already as retail doesn't even smell whats going to happen next. Soon we will see how it pans out when the honeymoon ends. Choose your positions in the comments below; please only one call and one side, I will pick a few of your calls and track the flow banker
Long
by TheBanker
17
This weeks ECB meeting & EURUSDGood evening traders This is no time to taper, simply because of the challenging inflation dynamics in the Eurozone. A premature taper, which a decision to this effect at this meeting would certainly only complicate the ECB's task of getting the EZ out of low inflation and fundamentally banishing deflation risk. Some have been discussing scenarios that aim to split the difference for the ECB for example purchases to a monthly pace of EUR 40-50 bn, but then extending the program for longer, say through Q1 2018. We think such proposals fail to take account of how sceptical markets have become where the ECB is concerned. After all the Dec '15 meeting and the misfire in March of this year have taught markets to be extremely sceptical as to the ECB's willingness and ability to ease. Markets are putting more weight on the tapering signal rather than any kind of program extension. Upside is unlikely to extend much beyond 1.08. Markets may also be anticipating that the calm response to the weekends political events will encourage ECB to emphasize the limits to its QE intentions. All the best, please remember to give this a thumbs up and comment your views.
Short
by TheBanker
11