I don't ever trade when a pair is mid-range because you never know where it will go next. If it's testing the support or resistance level of the range it's much easier to trade it.FrancoisT wrote: Mon Sep 18, 2017 10:27 pm EUR/USD - is forming a wide range between 1.1850 and 1.2570/80, while currently the price is in the middle of the range - a very good moment for "proven battle tactic by using a coin"
Re: EUR/USD
112EUR/USD dropped significantly after FOMC announced yesterday that they won't hike the interest rate. However, despite the drop, the pair remains withing the sideways consolidation above 1.1859. I think next target will be 1.2030 again.
Re: EUR/USD
113EUR/USD has been consolidating sideways for well over three weeks now and not even the FOMC news could end the consolidation. That said, the pair has formed a hanging man bar on the weekly time-frame at 1.2030, a correction to the downside is possible.
Re: EUR/USD
115I think the bullish trend is definitely over for now - EUR/USD has begun a serious correction. I think next target will be around 1.1600, which is the MA89 on the daily time frame.
Re: EUR/USD
117EUR 29/09/2017
If we go above 1.1789, I will look at purchases with the aim of 1.1826 and 1.1855. On and 1.1855 I will sell for a rebound, and from 1.1826 only with a false breakdown.
If we again make a false breakdown and leave under 1.1789, then I sell with the target of 1.1756 and I deposit there with the target 1.1721.
While we are below 1.1789 there is a risk of a decline to 1.1756 and there is an exit to 1.1721, but everything will depend on Draghi.
If his performance fails, and 1.1721, then I look at the rebound from 1.1666 and 1.1627.
GBP 29/09/2017
While we are below 1.3422 there is a risk of falling to 1.3385 and 1.3347 is the main target, and there purchases with false breakdown. Purchases for rebound directly from only 1.3309.
If we go out to 1.3422 and get fixed there, then I look at purchases to 1.3465 and 1.3509, where I sell immediately for a rebound.
If we go above 1.1789, I will look at purchases with the aim of 1.1826 and 1.1855. On and 1.1855 I will sell for a rebound, and from 1.1826 only with a false breakdown.
If we again make a false breakdown and leave under 1.1789, then I sell with the target of 1.1756 and I deposit there with the target 1.1721.
While we are below 1.1789 there is a risk of a decline to 1.1756 and there is an exit to 1.1721, but everything will depend on Draghi.
If his performance fails, and 1.1721, then I look at the rebound from 1.1666 and 1.1627.
GBP 29/09/2017
While we are below 1.3422 there is a risk of falling to 1.3385 and 1.3347 is the main target, and there purchases with false breakdown. Purchases for rebound directly from only 1.3309.
If we go out to 1.3422 and get fixed there, then I look at purchases to 1.3465 and 1.3509, where I sell immediately for a rebound.
Re: EUR/USD
118EUR/USD - Euro rising could be used for finding places for new sell-offs. Most likely the downtrend in the pair will continue during the next week, but I do not leave positions overnight and especially rolling over the weekend.
Re: EUR/USD
119I agree. I too think the correction likely isn't over yet and this a temporary retracement.FrancoisT wrote: Fri Sep 29, 2017 11:30 pm EUR/USD - Euro rising could be used for finding places for new sell-offs. Most likely the downtrend in the pair will continue during the next week, but I do not leave positions overnight and especially rolling over the weekend.
Re: EUR/USD
120EUR/USD is consolidating above 1.1700. The consolidation likely won't end before the NFP on Friday. NFP weeks tend to be terribly slow up until the news come out.