EURO/USD at important junction

9 mag 2016

This pair is showing the possibility of a weekly flat which price has just hit the lower entry point. If price bounces off the 4 hour trend line look for one more bounce up. There will be good potential for a 1 hour shorting opportunity 1.16 - 1.18 mark. That should be its last upward thrust for a while.
I am watching carefully for a break of the trend line with a consolidation and then further downward movement pressuring the lows of last spring and possibly lower.
If this is indeed a weekly flat to the downside look for further weakening of the Euro to the .90 area.

10 mag 2016

Nota

We have tagged the TL now lets see what price action will give us. A break below and consolidation and this will be a very good short for the mid and long term.

27 giu 2016

Nota

Here is how you should have traded this move.You also have the ability to add to your trade after every small pull back but I usually don't add much to trades unless they give me a lot of strong signals.

Note. If you entered this trade and just forgot about it you have weathered a few storms and are still n it at an even greater profit.