How are you going to trade the EURUSD on Monday 25/4/15

 

How are you going to trade the EURUSD on Monday 25/4/15

 

How are you going to trade the EURUSD

The EURUSD finds itself in a very interesting situation at the moment with lots of fundamental driving it all over the charts.

Below are a few views on where the EURUSD is heading – Please vote for the views that appeal to you most or use the feedback facility at the bottom of the page to make any comments

View 1:  The EURUSD has broken out of a channel after a false swing and is in a BUY phase

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Failed swing Buy

 

View 2: The EURUSD has broken out of a Triangle formation and is now in a BUY phase

 

eurtriange breakout

 

 

View 3: The EURUSD has just bounced on the upper channel line and is going into a SELL phase

 

Channel bounce sell

 

View 4: The EURUSD is in a very strong sell trend and the only thing to do is SELL

 

EURUSD trend

 

CAST YOUR VOTES HERE:-

 

 

 

 

 

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4 Comments

  • mohammad yousaf

    April 25, 2015

    It is buy as it broken the channel , also i think wave 2 is complete and wave 3 can be sharp on upside.

  • mike kitching

    April 25, 2015

    A small high was put in and formed a down candle (engulfing?), and strong overhead trendline resistance, also RSI has formed a 2-wave triangle, which is about to break one way or another. I think this pair will sell-off in the short-term for several candles (5-10?)

  • mike kitching

    April 25, 2015

    Although I think it would be a sell trade, I wouldn’t trade it until the next candle(s) show a clear entry

  • Eugene

    April 28, 2015

    I am grid trading with GTM. Both directions. With small gaps on sell bias for more short term gains.

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