The EURUSD is trading in a very clear bullish market condition. I didn’t trade the EURUSD in the last 3 weeks since the way it traded in the short term charts was a little difficult, it had no clear ST S&R levels, but now its as clear as water:
As long as the EURUSD trades above 1.4265 I’ll be looking for long opportunities.
Trade Safe!
Raul Lopez
Forex Training
The EURUSD was trading around an important level in a short term range, but earlier this morning, it broke through an important ST support level triggering a bearish market condition:
As long as the EURUSD trades below 1.4152 I’ll be looking for short opportunities.
Trade Safe!
Raul Lopez
Forex Training
The EURUSD was trading in a short term range around an important LT resistance level, but earlier today it broke through the upper extreme of the range triggering a bullish market condition:
As long as the EURUSD keeps trading above 1.3847 I will be looking for long opportunities.
Trade Safe!
Raul Lopez
Forex Training
Its been a while since the last time I wrote about the EURUSD. The reason a didn’t like the way it was trading was because it dint trade in between clear S&R levels, but it looks better now.
The EURUSD is trading at a LT important level in a short term range:
I’ll wait for the market to break the short term range and will look for trade opportunities in the direction of the breakout.
Trade Safe!
Raul Lopez
Forex Training
Since last week the EURUSD is trading in a bullish market condition, it broke through an important LT resistance level triggering its bullish condition:
I’ll be looking for long opportunities as long as it trades above 1.3545.
Trade Safe!
Raul Lopez
Forex Training
I’m currently looking for long opportunities in the EURUSD. It traded around a short term range for about three days, but earlier this morning, it broke through the ST resistance level triggering a bullish market condition:
As long as the EURUSD trades above 1.3454 I’ll be looking for long opportunities.
Trade Safe!
Raul Lopez
Forex Training
The EURUSD is trading in a short term range around a long term important level, once the EURUSD breaks the short term range it will trigger a clear market condition, and I will be looking for trade opportunities in the direction of the break out:
The upper extreme is at 1.3416 and the lower extreme at 1.3265
Trade Safe!
Raul Lopez
Forex Training
The EURUSD is trading in a bearish market condition and right now its trading at a level where it could give us a signal to go short. If this 30 min candlestick closes around 1.3226 I’ll open my short trade:
Please note the Euro needs to trade below 1.3246 in order to be considered in a bearish market condition.
Trade Safe!
Raul Lopez
Forex Training
To tell you the truth, I’m a bit surprised by the clarity of all currency pairs, most of them are trading in a very clear market condition, hope this conditions remain throughout the week.
As I wrote last Friday, one of the currency pairs to keep an eye open would be the EURUSD, it is in a very strong bearish market condition and it is also trading bellow every important level in the short term charts:
The next LT support level is at 1.2904
Trade Safe!
Raul Lopez
Forex Training
Yesterday I wrote about the EURUSD, it was trading in a short term range in between 1.3409 and 1.3284, but earlier this morning the Euro broke through the ST support level triggering a bearish market condition:
I like the fact that the next LT support level is at 1.2904, so there is plenty of room to get a good RRR before the market reaches that level.
Keep an eye open in the EURUSD
Have a great weekend!
Raul Lopez
Forex Training
The EURUSD is trading in a short term range in between 1.3415 and 1.3285, near a long term support level. This means that we need to wait for the market to break either side of the range so that we can start looking for a trade opportunity. This is my ST range:
If the EURUSD breaks the upper ST resistance level, it will trigger a bullish market condition and long opportunities will be in play.
If the Euro breaks the lower ST support level, it will be trading in a bearish market condition, and short opportunities will be in play.
Trade Safe!
Raul Lopez
Price Action
The EURUSD is out of the ST range. It broke through the ST support level triggering a bearish market condition:
The EURUSD is trading below every important level in the ST charts, we are trading in a bearish market condition, the next LT support level it at 1.3283, all these equals to: Look for short opportunities!!!
Trade Safe!
Raul Lopez
Price Action
A couple of hours ago the EURUSD broke through an important LT support level triggering a bearish market condition:
As long as the EURUSD trades below 1.3740 it will be bearish and I will be looking for short opportunities.
Trade Safe!
Raul Lopez
Price Action
The market is getting clearer and clearer by the minute, yesterday I was unsure about many currency pairs, they were either trading at an important level in a not well defined range in the short term charts, or unsure about the long term levels.
But things are different now, most pairs cleared up their path and are in the clear market condition, heading directly to the next LT level.
Today a like the Majors:
EURUSD – Clear bearish market condition (shorts in play)
USDCHF – Bullish when trading above 0.9697 (longs in play)
GBPUSD –Bearish when trading below 1.5730 (shorts in pay)
USDJPY – Clear Bearish market condition (although I don’t think I’ll open a trade in this one because of a possible BOJ intervention).
That’s my plan for the majors!
Trade Safe!
Raul Lopez
Forex Training
The EURUSD is trading near a LT resistance level and right now its not clear whether it is going to continue its way up or retrace back to the previous support level:
I will use this short term range to determine which way to trade:
If the EURUSD breaks the upper green resisstance level I will look for long opportunities
If the Euro breaks the lower green support level, it will trigger a bearish market condition andn only short opportunities will be in play.
Trade Safe!
Raul Lopez
Forex Course