As I am writing this post price is breaking through neckline of Head And Shoulder pattern. I will go long after a retest of this level with a target of 1.4260 which is the 161.8 Fib level. If price f...
I have been out of the market for some time. I took a long position in the EU after the upper trend line proved to be strong support with two four hour candles failing to close below it (see H4 chart...
Economic data out of the Eurozone and the United States weighed the dollar down today. US existing home sales increased for the second month in May. European purchasing manger indexes shrank by the l...
I waited to go short until I got more of a signal from price action. I entered at 1.3863 and my overall target will be 1.3500. I plan on taking some profit at 1.3760 and brining my stop down if price...
I haven’t posted for the last two days because I was sick. I am standing aside for now because it has been pretty tough to determine a clear direction in the EU. The EU is currently trading in a bull...
I closed first trade for +172 pips and reentered after the neckline of head and shoulders was broke and retested. Today there was plenty of data and comments that were USD bullish. The Russian Financ...
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