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EUR/USD

Member Since Jun 08, 2014
454 posts
Aug 11, 2014 at 22:03
Member Since Jun 07, 2011
372 posts
EURUSD is in a strong downtrend.
This has been for the better part of three months.
But some say that the bearish evidence is mounting.
The bullish momentum divergence on 4h and daily charts, oversold price action, and the most consolidation we’ve seen since June all increase the likelihood if a short-term bullish correction.
If the August lows are hit below 1.3330, then we sure came shift back to the primary bearish trend.
This has been for the better part of three months.
But some say that the bearish evidence is mounting.
The bullish momentum divergence on 4h and daily charts, oversold price action, and the most consolidation we’ve seen since June all increase the likelihood if a short-term bullish correction.
If the August lows are hit below 1.3330, then we sure came shift back to the primary bearish trend.
Member Since Apr 14, 2014
230 posts
Aug 11, 2014 at 22:12
Member Since Apr 14, 2014
230 posts
bewayopa posted:
EURUSD is in a strong downtrend.
This has been for the better part of three months.
But some say that the bearish evidence is mounting.
The bullish momentum divergence on 4h and daily charts, oversold price action, and the most consolidation we’ve seen since June all increase the likelihood if a short-term bullish correction.
If the August lows are hit below 1.3330, then we sure came shift back to the primary bearish trend.
Good analysis, we shall see how this pair play out this week.
Aug 12, 2014 at 14:16
Member Since Jun 07, 2011
372 posts
The dollar traded unchanged or higher than most G10 counterparts during this European morning.
Appreciated against the SEK, CHF and EUR in this order, while weakened against the NOK.
The dollar was also unchanged from the CAD, AUD, GBP, JPY and NZD.
Appreciated against the SEK, CHF and EUR in this order, while weakened against the NOK.
The dollar was also unchanged from the CAD, AUD, GBP, JPY and NZD.
Aug 12, 2014 at 19:07
Member Since Jan 22, 2014
48 posts
Hello everyone, the truth is that the EurUsd has a downtrend since some time ago as already indicated: bewayopa. This time I made my analysis and based on this pair from 1.3330 to 1.3629 anger minimum; I work with logical patterns and pattern that this is now almost 100% sure that is met and achieved the goal I mentioned already. Based on the pattern having the pair have taken the point is this that the market is static in this month so it will be slower path unless a story to help us. 😎😎😎
Simple
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Member Since Apr 14, 2014
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Aug 13, 2014 at 21:16
(edited Aug 13, 2014 at 21:17)
Member Since Nov 11, 2012
253 posts
takechance posted:
Going long with a small lot from this point 1.3365 with a target of 1.3412. Lets see. :)
Target 1.3412 just reached and then market sharply retraced. Booked my profit. Cheers.
No positions right now.
antariks1@
Member Since Jun 08, 2014
454 posts
Member Since Oct 08, 2011
135 posts
Aug 14, 2014 at 18:58
Member Since Oct 08, 2011
135 posts
I have described ledges before in my postings which could be traded on the weekly chart some time ago. This time, a ledge can be found on the daily chart, currently consisting of 8 bars. Many times, price consolidation ends with a doji bar.
A ledge consists of no more than 10 bars, where 2 bars have matching highs and 2 bars have matching lows. there can be a difference of up to 3 pips in the matching prices. there has to be at least one bar between the bars with the matching highs, and at least one bar between the bars with the matching lows. All criteria is currently met, and today's bar may end up being a doji bar. Ledges can break in both directions, but usually break out as a trend-continuation (down-trend). The sell-entry price would be 1 pips below the low of the matching lows, which - on my chart - is 1.3335 (- 1 pip). Short-term goal is near 1.3270, long term is near 1.3150.
The matching highs in the ledge (on my chart) are 1.3431 and 1.3432. take the higher one of the 2 prices (+ 1 pip) as a buy-stop entry in case prices break to the upside.
A ledge consists of no more than 10 bars, where 2 bars have matching highs and 2 bars have matching lows. there can be a difference of up to 3 pips in the matching prices. there has to be at least one bar between the bars with the matching highs, and at least one bar between the bars with the matching lows. All criteria is currently met, and today's bar may end up being a doji bar. Ledges can break in both directions, but usually break out as a trend-continuation (down-trend). The sell-entry price would be 1 pips below the low of the matching lows, which - on my chart - is 1.3335 (- 1 pip). Short-term goal is near 1.3270, long term is near 1.3150.
The matching highs in the ledge (on my chart) are 1.3431 and 1.3432. take the higher one of the 2 prices (+ 1 pip) as a buy-stop entry in case prices break to the upside.
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