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EUR/USD
Miembro desde Jun 08, 2014
posts 454
Aug 11, 2014 at 22:03
Miembro desde Jun 07, 2011
posts 372
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.
Miembro desde Apr 14, 2014
posts 230
Aug 11, 2014 at 22:12
Miembro desde Apr 14, 2014
posts 230
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
Miembro desde Jun 07, 2011
posts 372
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
Miembro desde Jan 22, 2014
posts 49
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
Miembro desde Jun 08, 2014
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Miembro desde Apr 14, 2014
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Miembro desde Nov 11, 2012
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Miembro desde Oct 11, 2013
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Miembro desde Jan 28, 2014
posts 41
Miembro desde Jan 28, 2014
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Miembro desde Jan 28, 2014
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Miembro desde Apr 14, 2014
posts 230
Miembro desde Nov 11, 2012
posts 271
Aug 13, 2014 at 21:16
(editado Aug 13, 2014 at 21:17)
Miembro desde Nov 11, 2012
posts 271
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@
Miembro desde Jun 08, 2014
posts 454
Miembro desde Oct 08, 2011
posts 137
Aug 14, 2014 at 18:58
Miembro desde Oct 08, 2011
posts 137
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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