Tag Archives: EURUSD

EUR: USD – Triangle Strategy. Moving the Stop Loss.

Posted on May 11, 2012 by

I posted some thoughts on trading the triangle formation in the daily EUR: USD chart on 2nd May with a follow up on 3rd May discussing profit objectives and placement of the initial stop loss. The strategy involved selling when … Continue reading →

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USD weakness slowing in the short term

Posted on May 8, 2012 by

Good morning everyone, I have attached a 10 minute chart of the Euro for you to take a look at but there is a similar formation happening with the AUDUSD as well which may be worth a look. As you … Continue reading →

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EUR: USD Triangle – An approach to Exit Strategies

Posted on May 3, 2012 by

The Eurodollar has respected resistance at the top of the triangle formation.This would have triggered opening of a short position using the strategy outlined in my post yesterday. With an ECB meeting and Spanish bond auctions due tonight, I thought … Continue reading →

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EUR: USD – Triangle Setup

Posted on May 2, 2012 by

Since peaking in late February, the Eurodollar chart has formed a descending triangle pattern. The Eurodollar chart provides a number of clues to suggest that the January/February rally has more chance of being a corrective upswing than the start of a … Continue reading →

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EURUSD – long or short – that is the question

Posted on March 26, 2012 by

Hi everyone, to start the week I have a pretty straightforward chart to look at and that is the hourly EURUSD which is showing a very clear resistance level at around the 1.3285 level. It would appear at this stage … Continue reading →

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Sell EUR/AUD on the 30 min chart

Posted on January 25, 2012 by

Fundamentally, I want to be short EUR. While there are positive risks coming out of the European leaders summit this weekend, the more than two year history of disappointing

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Stay Short EUR/USD

Posted on December 14, 2011 by

In the last seven weeks, the EUR/USD has fallen twelve big figures, from above 1.42 to be sitting just above 1.30. However, imho its worth staying short, as the following short video explains:

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EUR/USD – Sell Trigger

Posted on March 23, 2011 by

While reading about the upcoming debt summit in Europe this Thursday and Friday nights, Ric Spooner’s technical analysis of the EUR/USD came to mind. After laying out the case for the end of a 5 wave Fibonacci advance, Ric writes:

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EUR/USD may be setting up for an hourly Gartley reversal

Posted on October 20, 2010 by

With the recent strength in the USD there have been some pretty significant declines seen in a number of currencies. Whilst no-one wants to try and ‘catch the falling knife’ it can be a good idea to look in advance … Continue reading →

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Market slide continues

Posted on June 5, 2010 by

There have been murmours about this recently but it’s the first time that I have seen it put that bluntly in a while.It’s really hard to quantify this into something usable for traders but it’s well worth keeping an eye on as your own quasi fear index. Continue reading →

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