Video

Kim Cramer Larsson
Areas covered in this webinar by Saxo Bank technical analyst Kim Cramer Larsson include EURUSD, USDJPY, GBPUSD, EURGBP, gold, silver, S&P 500, the Nasdaq, the Dax, the FTSE and the Dow Jones.
Day trade
/
Sell
Trade view / 26 April 2018 at 6:38 GMT

EURUSD – Break below average points lower

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Price target: 1.2103
Market price: 1.2175
Background

Despite Tuesday’s rejection of levels below the 100-day moving average, yesterday's bias was assessed as bearish. That was justified as selling interest was renewed. Most importantly, the decline took EURUSD to a close beneath the 100-day average – the first time for more than four months. Further volatility is likely, especially after an Asian rally attempt, but our studies are bearish and we look for the currency pair to test the lower end of the Keltner channel.

Management and risk description

A move to 1.2155 means the stop can be lowered to break even.

Parameters

Entry: Sell in 1.2178/83 area and at 1.2196

Stop: 1.2240 bid

Target: 1.2155, 1.2138 and 1.2103

Time horizon: intraday, closing 16:00 BST

Through Average
Through Average
 Limited Bounces
Limited Bounces
 Long Term
Long Term
 All charts from CQG

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on TradingFloor.com is found here
1y
marran marran
im in on this but i think it might have to have a correction up before it resumes its path down
1y
alki alki
Well, daily pivot hit but rejected, stochs on downturn, Kumo cloud above... spells good odds for sellers, at least until SuperMario takes the stage...
1y
marran marran
Hi, Alki I don't look at Kumo cloud as I don't have a clue what it means. still, fingers crossed you're right
1y
alki alki
marran - The „Kumo” cloud is part of the japanese Ichimoku Kinko Hyo (one glance equilibrium chart) indicator. If you are fond of eastern-asian philosophy you will find it very attractive as it teaches you patience and a balanced approach to your trading decisions.
1y
geirth geirth
Got in on 1,2183. Looks very good, at least until the ECB meeting. Will Mario try to speak the Euro down?
1y
debabs77 debabs77
wao, very good entry for me today,
1y
Romanatrader Romanatrader
Hello Allan, once more perfect job - good entry
1y
PASSION1377 PASSION1377
Not good entry on oversold
1y
Cesime Cesime
Alan your call on gbpusd didn't trigger by 1 pip
lol
1y
AlanCollins AlanCollins
which GBPUSD call?
1y
Cesime Cesime
in the web page in the summary
1y
AlanCollins AlanCollins
I'm not sure you're reading that right Cesime. CABLE sold at 7am, updated to take some early profit at 8.44 (though it did then hit 1st profit target) with stop lowered to the day's high at the time and the suggestion to sell at 1.3971 was cancelled.
1y
Cesime Cesime
ok thanks Alan didn't read that update
1y
AlanCollins AlanCollins
No problem, but the updates are crucial to the way we work.
1y
AlanCollins AlanCollins
1.2155 now met in EURUSD so if anyone still short EURUSD I'd move stop to breakeven.
1y
Cesime Cesime
still learning Alan but will get there
1y
Trdr72 Trdr72
Bravo, come dollar :)
1y
geirth geirth
I stayed through and reached 1,2103! This one made my day. Nice spot, thanks Alan!.
1y
AlanCollins AlanCollins
very patient of you, well done.
1y
TradingFan TradingFan
Hi Alan, in and out today with a great result, THANKS and CONGRATULATIONS!!

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