With the break of the April 25th
low in the Eur/Jpy,shown in the
blue line, I think the Eur/Usd
has to catch up with at some point.
Now is as good a time as any.
Also looking for RSI below 32.3952
low in the Eur/Jpy,shown in the
blue line, I think the Eur/Usd
has to catch up with at some point.
Now is as good a time as any.
Also looking for RSI below 32.3952
Kommentera:
the trade is progressing nicely. move looks quite impulsive maybe a series of 1's and 2's which is a good thing. I wonder how the fed rate decision may affect it. Not really worried about it, waves move how they are suppose to no matter the news.
Kommentera:
woke up to some major USD weakness or rather the delayed strength of CAD against the US dollar with higer oil prices. I should have known when I saw the EUR/CAD dropping and the USD/CHF looking so corrective during the EURs move down. But these simple correlations did not click in my head. This surge is threatening my projection. A breaks of 1.1346 and I know I am wrong about the down move in the EUR being an impulsive wave 1 or A and will need to re-analyze considering all the related pairs.
Handel aktiv
Handel aktiv:
Trade still active as a I have a 200 pip stop to leave room for the possibility of a WxYxZ corrections. Since this pair is inverse to USD/CHF, which declined enough to close a 4 hour cycle, so there is still technical room for the Eur/Usd to resume its downward march. The move will need to start soon but I will let it play out.
Handel aktiv:
back to break even still trying to confirm a pattern
will continue to analysis, looking for dollar strength but how much.
Iooking for a crystal bal, any seller?
will continue to analysis, looking for dollar strength but how much.
Iooking for a crystal bal, any seller?
Handel aktiv:
I have not seen anything definitive to cancel my starting Hypothesis so I am still in. with my stop at break even
Handel aktiv:
almost there
Handel aktiv:
Eur/Usd broke the low I referenced when I initiated the trade but it did not reach/close below the trend line. It did retreated quite quickly from the area but I will continue to hold since I believe the dollar index is correcting and will resume its movement path, at least until it reaches about 98.50.
Handel aktiv:
Target 1 reached, pink line breach
Target 2, blue line touch and best case close below.
I will re-evaluate though, since the dollar index has reached 98.50.
I will let some of the volatility die down and analyze this afternoon.
Hope you made some PIPs
I would not be surprised to see Eur/Usd visit 1.1280 as a correction of the last leg down that started at 1.1412.
Target 2, blue line touch and best case close below.
I will re-evaluate though, since the dollar index has reached 98.50.
I will let some of the volatility die down and analyze this afternoon.
Hope you made some PIPs
I would not be surprised to see Eur/Usd visit 1.1280 as a correction of the last leg down that started at 1.1412.
Handel aktiv:
With such an impulsive move, Eur/Usd may correct more than anticipated.
USD strength will resume, see the DXY, but it still has more correcting to do.
See Usd/Chf also for some guidance, as it moves inversely to Eur/Usd.
USD strength will resume, see the DXY, but it still has more correcting to do.
See Usd/Chf also for some guidance, as it moves inversely to Eur/Usd.
Trade stängt: målet nått:
FINALLY. Eur/Usd paid a visit to the blue line and left a pinbar, or whatever you call it, in its wake. It should be back later and close well below the blue but first I am looking for it's 4 hour RSI 13 period to break 74.64 in momentum and 1.1164 in price.
Good Luck
Good Luck
