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EUR/USD
Jun 20, 2016 at 14:20
My personal opinion is that people will vote for "Bremain" rather than "Brexit". So according to me, we can start adding long positions once the gap is closed. However it wouldn't be an easy ride as too much of volatility might push up draw down before it goes up. People with strong heart or deep liquidity could risk :D
Emotional balance is the most important aspect for a trader.
Member Since Jul 10, 2014
1114 posts
Jun 20, 2016 at 15:37
csc2009 posted:
Eur/Usd upside seems lack of strength, the latest Brexit poll's outcome shows lean towards ''remain'' camp, let's see the pair will close the bullish gap from yesterday.
I think it's very possible to close the gap, especially considering that it bounced off the resistance at 1.1380. Next target is likely 1.1270.
Jun 21, 2016 at 05:01
EUR/USD experienced a slightly higher volitile session on Monday . Although bairs prevailed, the pair started the week at significantly higher levels than last. The pair made a test of the resistance at 1.1389, after marking intraday high at 1.1381.
Member Since Mar 28, 2016
94 posts
Jun 21, 2016 at 06:31
EURUSD
The EURUSD was indecisive yesterday. As you can see on my daily chart below, we have a “shooting star” candlestick formation (B). While some may argue that that is not a valid shooting star formation compared to what happened on May 03 (A), for me any indecisive movement now could be a serious warning for the bullish run. That said, as long as stay above 1.1285 I still prefer a bullish scenario targeting 1.4700. A clear break and daily close below 1.1285 could trigger further bearish pressure testing 1.1180 and the lower line of the bullish channel which remains a good place to buy.
The EURUSD was indecisive yesterday. As you can see on my daily chart below, we have a “shooting star” candlestick formation (B). While some may argue that that is not a valid shooting star formation compared to what happened on May 03 (A), for me any indecisive movement now could be a serious warning for the bullish run. That said, as long as stay above 1.1285 I still prefer a bullish scenario targeting 1.4700. A clear break and daily close below 1.1285 could trigger further bearish pressure testing 1.1180 and the lower line of the bullish channel which remains a good place to buy.
Member Since Apr 08, 2014
1140 posts
Jun 21, 2016 at 07:59
Yesterday EURUSD tried to rally but found enough selling pressure to give back to the market all its gains and close in the red, near the low of the day, however managed to close above the Fridays high, which suggests a weak bullish momentum.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, the previous swing high at 1.1415 (resistance), the 50-day moving average at 1.1296 (support), the 10-day moving average at 1.1270 (support) and a daily support at 1.1237.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, the previous swing high at 1.1415 (resistance), the 50-day moving average at 1.1296 (support), the 10-day moving average at 1.1270 (support) and a daily support at 1.1237.
"I trade to make money not to be right."
Jun 22, 2016 at 05:03
The single currency dropped notably against the US dollar on Tuesday. The pair failed to break the resistance at 1.1389 and short-term expectations are still in favor of the dollar. In this case the pair might test the support at 1.1176. The session started at 1.1313 and bearish sentiment prevailed in anticipation of Yellen’s testimory. The depreciation of the euro continued to the end of trade and thus closing price coincided with the lowest value for the day 1.1241.
Member Since Jul 10, 2014
1114 posts
Jun 22, 2016 at 07:35
The pair has been in a tight 40-50 pip range in the past twenty-four hours and it will likely continue until after the referendum in the UK tomorrow.
Member Since Apr 08, 2014
1140 posts
Jun 22, 2016 at 08:25
Yesterday EURUSD tumbled with a wide range thanks to ECB President Mario Draghi saying that the ECB would use all its available instruments if necessary to counter the side effects of a Brexit, pushing the pair to close near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.
The pair managed to close below the 10 and 50-day moving averages that should now act as dynamic resistances however the 200-day moving average is acting as dynamic support.
The key levels to watch are: The previous swing high at 1.1415 (resistance), the recent swing high at 1.1382 (resistance), the 50-day moving average at 1.1296 (resistance), a daily support at 1.1237 and the previous swing low at 1.1130 (support).
The pair managed to close below the 10 and 50-day moving averages that should now act as dynamic resistances however the 200-day moving average is acting as dynamic support.
The key levels to watch are: The previous swing high at 1.1415 (resistance), the recent swing high at 1.1382 (resistance), the 50-day moving average at 1.1296 (resistance), a daily support at 1.1237 and the previous swing low at 1.1130 (support).
"I trade to make money not to be right."
Jun 23, 2016 at 04:49
The euro marked an increase against the US dollar on Wednesday session. The pair recovered from the previous session and again neared the resistance at 1.1389. If the upward trend continues, the pair will test the key level. The seesion started at 1.1241 and closed 53 pips higher. Bulls dominated and and intraday high was pinned at 1.1337.
Member Since Oct 08, 2011
135 posts
Jun 23, 2016 at 04:51
Silk posted:
Dear 3 days before I bought EUR/USD Sell, today $900 loss, if I keep it will go red or blue today, please help urgently today.
Hello Silk, what price did you sell at?
And where is your stop-loss?
Today's bar opened with a small GAP, so chances are that prices may trade back to the open price 1.1293.
In addition, today's bar on the daily chart is nr. 15 in congestion, which may also be in your favor.
The weekly chart is in congestion with 13 bars, and the monthly chart is currently on bar 14.
When any time frame is in congestion (bar 11 through bar 21) one should only trade a lower time frame and stay within the boundaries of the one that is in congestion.
The boundaries are the high and low of the measuring bar (MB), add 8% of the length to the high, subtract 8% of the length from the low.
This will give you the range you can trade in.
The high of the MB on the daily chart is 1.1372
and the low is 1.1135
As you can observe on the daily chart, on June 16th prices attempted to trade out of the consolidation on bar nr. 10 but only made it 5 pips below the low of the MB, then quickly traded back to the middle of the MB.
On June 20th, prices tried to break out of the confines of the MB's high but only made it 9 pips above the high and traded back to the middle of the MB. That was on bar nr. 12.
The rule is - "trend over congestion" - that is why prices sometimes break on an earlier bar.
But these are exceptions and should only be traded if one can read and understand breakout formations inside of a congestion .
"a little bit of knowledge is a dangerous thing"
forex_trader_328513
Member Since May 13, 2016
2 posts
Jun 23, 2016 at 06:41
Silk posted:
Dear 3 days before I bought EUR/USD Sell, today $900 loss, if I keep it will go red or blue today, please help urgently today.
I think we could expect more than $1.1400 if Brexit fail
Member Since Oct 08, 2011
135 posts
Jun 23, 2016 at 07:07
Silk posted:
Dear I dongt no how to set stop/loss, I am loosing all the money please help me
If you don't know HOW to place the STOP, then you need to read the user manual of your trading terminal.
If you don't know WHERE to place the STOP, then I can post instructions here with a chart example.
"a little bit of knowledge is a dangerous thing"
Member Since Oct 08, 2011
135 posts
Jun 23, 2016 at 07:34
Silk posted:
Dear I dongt no how to set stop/loss, I am loosing all the money please help me
The 1 hr chart is in congestion now with 11 bars. the low of the MB is today's open price (1.1293).
With a little luck the gap will be closed in the next few hours.
It may help you a lot if you ask for help before you get into a trade instead of asking for help when you are already in a trade.
My question again... what was your sell - entry price?
"a little bit of knowledge is a dangerous thing"
