RitaForex | Technical Analysis Trade Ideas - page 2

 

OPEN TRADES (Opened 13:30 )

3/28/2013 EUR/USD Buy at 1.2808 Stop at 1.2758 Target at 1.2868

3/28/2013 GBP/USD Buy at 1.5140 Stop at 1.5090 Target at 1.5200

 

EUR/USD DAILY as of Friday, 29 March, 2013

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern!

Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.31 is decreasing. The Relative Strength Index is at 38.81 in the neutral territory. The Relative Momentum Index is at 19.36 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.02, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 24.39. This value is in the oversold territory.

Files:
eur-wave-d.png  47 kb
 

OPEN TRADES (Opened 09:05 )

4/02/2013 EUR/USD Sell at 1.2834 Stop at 1.2884 Target at 1.2774

4/02/2013 GBP/USD Sell at 1.5225 Stop at 1.5275 Target at 1.5165

 

OPEN TRADES (Opened 08:30 )

4/03/2013 EUR/USD Buy at 1.2815 Stop at 1.2765 Target at 1.2875

4/03/2013 GBP/USD Buy at 1.5113 Stop at 1.5063 Target at 1.5173

 

OPEN TRADES (Opened 12:30 )

4/03/2013 EUR/USD Buy at 1.2837 Stop at 1.2787 Target at 1.2897

4/03/2013 GBP/USD Buy at 1.5140 Stop at 1.5090 Target at 1.5200

 

OPEN TRADES (Opened 09:15)

05/04/2013 EUR/USD Buy at 1.2927 Stop at 1.2877 Target at 1.2987

05/04/2013 GBP/USD Buy at 1.5230 Stop at 1.5180 Target at 1.5290

 

OPEN TRADES (Opened 07:50)

08/04/2013 EUR/USD Buy at 1.2997 Stop at 1.2947 Target at 1.3057

08/04/2013 GBP/USD Buy at 1.5320 Stop at 1.5270 Target at 1.5380

 

OPEN TRADES (Opened 15:00)

08/04/2013 EUR/USD Sell at 1.3017 Stop at 1.3077 Target at 1.2967

08/04/2013 GBP/USD Sell at 1.5282 Stop at 1.5332 Target at 1.5222

 

OPEN TRADES (Opened 07:45)

09/04/2013 EUR/USD Buy at 1.3017 Stop at 1.2967 Target at 1.3077

09/04/2013 GBP/USD Buy at 1.5261 Stop at 1.5211 Target at 1.5321

 

OPEN TRADES (Opened 13:20)

09/04/2013 EUR/USD Buy at 1.3065 Stop at 1.3015 Target at 1.3125

09/04/2013 GBP/USD Buy at 1.5313 Stop at 1.5263 Target at 1.5373

Reason: