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
The EURUSD is still in a bullish market condition, on both the short term and long term charts:
I’ll look for long signals (breakout and retracement) around the green levels (ST S&R levels). We still have enough room left before the market hit the next LT resistance level.
Trade Safe!
Raul Lopez
Forex Training
The EURUSD still is in a bullish market condition and long opportunities are in play:
I will be looking for long opportunities around the green ST levels.
The next LT resistance level is at 1.3283
Trade Safe!
Raul Lopez
Forex Training
Earlier this morning the EURUSD broke an important LT resistance level triggering a bullish market condition:
What is most interesting about the EURUSD is that the next LT resistance level is at 1.3283, more than 2050 pips away from where the market its trading right now, this gives us plenty of opportunities to find long signals.
Short opportunities should be ignored.
Trade Safe!
Raul Lopez
Forex Training
Since last Friday that the EURUSD is trading in a bearish market condition, it was a little complicated to open a trade last Friday because when the EURUSD broke through the ST support level (which triggered the bearish market condition) the market was about to close:
EURUSD
Only short opportunities are in play in the EURUSD (all long opportunities will be ignored).
The next LT level is at 1.2559
Trade Safe!
Raul Lopez
http://www.straightforex.com/
The EURUSD was rejected from an important LT resistance level around 1.3330:
EURUSD
The EURUSD is likely to continue its way down until it hits the next LT support level at 1.2951.
Only short opportunities are in play in the EURUSD.
Trade Safe!
Raul Lopez
http://www.straightforex.com/
The EURUSD is trading in a short term range. What we need to take in consideration is that the range in which the EURUSD is trading right now, was establish during a bullish market condition, this means that we should only consider long opportunities:
EURUSD
And of course, the best level to go long is the bottom of the range (if we get to see some pressure around that level).
Only long opportunities are in play, as long as the EURUSD keeps trading above 1.3130
Trade Safe!
Raul Lopez
http://www.straightforex.com/
The EURUSD danced around an important LT resistance level around 1.2951, actually, since the 15th of July, when it got there, it hasn’t move that much, until earlier this morning, when it broke the resistance of the short term range:
EURUSD
This breakout triggered a bullish market condition, therefore I will be looking for long opportunities in the EURUSD as long as it continues to trade above 1.3036.
Trade Safe!
Raul Lopez
http://www.straightforex.com/
Hello everyone,
Yesterday I wrote about the EURUSD and the EURJPY, both of them being in a bearish market condition, the reason both of them triggered a bearish market condition was because they broke the lower extreme of the short term range. Unfortunately both, the EURUSD and the EURJPY entered the range again, so they are at no ones land.
Opportunities for today: I think the most clearest opportunities are the AUDUSD and the NZDUSD, both of them are trading in a bullish market condition and the next LT level is in a moderate distance from where the market is trading right now.
For other currency pairs, I’ll just wait for clearer direction.
How is your trading going?
Trade Safe!
Raul Lopez
It is incredible how sometimes the market (in this case the EURUSD) goes from one level to the other, then it ranges for a while there and either it gets rejected or breaks through that level, but stops right on the next one. This has been the case for the EURUSD in the last weeks. Anyway, the EURUSD is trading in a bearish market condition:
EURUSD
As long as the EURUSD keeps trading below 1.2868 I will be looking for short opportunities.
Trade Safe!
Raul Lopez
http://www.straightforex.com/
The EURUSD hasn’t been trading in a very well defined range, that is probably one of the reasons I haven’t been posting much about the EURUSD, but believe me, there are other currency pairs with clearer market conditions (until now). Here is the hourly chart:
EURUSD
The first thing you’ll notice about the EURUSD is that the short term range is not defined, the market doesn’t get rejected from consistently from the same level, sometimes it seems to get rejected at random levels, that’s not good for us, that way we don’t have “safe” places to take our trades.
Things might change though, with the breakout of the range, the EURUSD will trade again in a bullish market condition, and the next LT level is at 1.2999, so there is plenty of room before the market gets there.
Trade Safe!
Raul Lopez
http://www.straightforex.com/
The EURUSD just broke through both: an important LT resistance level and an important ST resistance level, triggering a clear bullish market condition:
EURUSD
I will be looking for long opportunities in the EURUSD as long as it trades above 1.2602. All short opportunities will be ignored.
My next LT resistance level is at 1.2999
Trade Safe!
Raul Lopez
http://www.straightforex.com/