Posts Tagged ‘strategies’
EURUSD
Trading strategy: small short at 1.2720, stop at 1.2780(0.5% risk), objective at 1.2620
Support at 1.2650 is again under pressure as the euro failed to maintain its course, erasing most of last week’s gains. Next downside barrier comes below 1.2650 at 1.2590/05 which is also the 50% retracement of 1.1875-1.3335. Short-term …
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EURUSD
Trading strategy: standing aside
Euro’s consolidation above 1.2700 continues but its recovery is still modest, upside being capped by 1.2770 – following the EURJPY which is facing resistance around former support zone, at 109.25. Short-term studies are bearish while the pair is trading below 1.2900 and its recovery being weak. Interim …
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EURUSD
Trading strategy: small long at 1.2750, stop at 1.2680 (0.5% risk), objective at 1.2850
Euro’s minor recovery continues after testing support around 1.2660 yesterday. However, upside was capped at 1.2760. Upside is slightly favored at the time of writing but short-term bias remains bearish as long as 1.2900 is still “far” …
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Quote of the day: Success isn’t permanent, and failure isn’t fatal. — Mike Ditka
EURUSD
Trading strategy: small long at 1.2730 on hourly close above 1.2720, stop at 1.2660 (0.5% risk), objective at 1.2850
The euro recovered after another dip towards 1.2600 from 1.2720 which still provides intra-day resistance, for the 4th day. …
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Quote of the day: What’s the difference between Investment Bankers and London Pigeons? The Pigeons are still capable of making deposits on new BMW’s — Rob, a trader from the U.K.
EURUSD
Trading strategy: small short at 1.2590, stop at 1.2660 (0.5% risk), objective at 1.2490
Not much is new under the sun …
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Quote of the day: The best minds are not in government. If any were, business would hire them away. — Ronald Reagan
EURUSD
Trading strategy: small short at 1.2730, stop at 1.2790(0.5% risk), objective at 1.2610
The euro fell for 4th day against the dollar, approaching the median retracement of last upward swing …
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Quote of the day: Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish. — John Quincy Adams
EURUSD
Trading strategy: small short at 1.2770, stop at 1.2840(0.5% risk), objective at 1.2650
The euro weakened across the board and breached below the bear flag formation against the dollar – …
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EURUSD
Trading strategy: standing aside
The euro failed once again to take out the 1.2900 barrier yesterday, so the range bound action continues between 1.2780/00 and 1.2900. As we can see in the chart below, we have a bear flag formation and its lower limit is again under pressure at the time of writing. Downside remains favored [...]
EURUSD
Trading strategy: standing aside
Another failed attempt to break above 1.2900 occurred yesterday although the euro rallied to as high as 1.2920 before weakening throughout the US trading session. The appreciation to 1.2920 was a result of following the Pound which rallied coming behind the BoE minutes. As I said yesterday – I’d prefer a bullish [...]
Quote of the day: Information is the currency of democracy. — Thomas Jefferson
EURUSD
Trading strategy: standing aside
1.2900 provided resistance once again yesterday and the euro failed to climb higher, despite several attempts. Intra-day sentiment is currently bearish although the pair trades around same levels as yesterday’s morning, but downside pressure seems higher. Unless it will manage [...]
