Risk: - 32 pips Profit: + 8 pips Profit/ Risck Ratio: +25 % Theoric Probability: >70% Actual Probability: + 91,7% Total Gain: +398 pips
Risk: - 52 pips. Profit: +85 pips Profit/Risk Ratio: +163% Theoric probability: >70% Actuaò Probability: + 90,9% Total Gain: + 390 pips
Weekly chart 30 ema / 200 ema crossover. Series of HH and HL. Previous powerful resistance broken. Possible target over the next several weeks 1.40. Look to go long in lower time frame on retracements. Stoch 14,3,3 crossovers past pullbacks in daily chart can be used to build up long positions. Do not short on any count.
the bulls are coming in control again this week as dollar is under pressure, situation clearly prefers upside with targets 1.1090 1.1138 1.1197 alternate scenario if price breaks below1.0929 supports are as follows 1.0860 1.0810 last week sell has hit the first target CHEERS HAPPY TRADING
sell originated in eurusd with target 1.0869, 1.06980 and 1.0572 alternate scenario price breaks above pivot(red) and will tend to break yesterdays high indicator used pivot points Fibonacci 5 SMA bollinger bands
Talking Points: Technical Strategy: Bearish Elliottwave Count: Either wave (C) continuation or B wave of (B). HTG Note: Larger outlook on weekly chart is showing weakness on long and short term. EURO vs Indian Rupee price is testing weekly trend line. Last time this line was tested on September, 2015 and post that we seen nice pullback towards 77.80...
Euro is about to give one last short move and then big UP move in coming days - Watchout - Some serious pips to be made