EURUSD Trading Strategy: The Perfect Entry

EURUSD Technical Analysis

We have been paying great attention to EURUSD although our technical models failed to provide us with a clean entry. We have analysed Euro-Dollar on multiple time frames and believe the recent weakness that was noted in the pair is due to end.

The Euro faced heavy selling as market speculations suggested fresh elections (as we still anticipate for the Euro if negotiations with the EU fail) that were later denied by Greece. From a technical angle it appears EURUSD is due for moderate gains.

EURUSD 60 Minutes Chart

Please click on the chart to enlarge:

EURUSD 60 Minutes Chart, 14/04/15

EURUSD 60 Minutes Chart, 14/04/15

Before we discuss the above chart it is essential to note the pair has re-tested the monthly support, which we believe will contain any further weakness in the pair. On the hourly chart, the price is painting the classic reversed Head-And-Shoulders (H&S), which if confirmed indicate strong gains that may exceed +300 pips.

It is possible the upcoming Gross Domestic Product (GDP) data from China is likely to trigger the risk-appetite mode in the Foreign Exchange market, which is often interpreted in a weak US Dollar (USD). Should that fail to lift off Euro-Dollar the ECB monetary policy on Wednesday may be the fundamental trigger for the gains we are anticipating.

Although this appears to be an intraday entry it our target for EURUSD is based on the monthly chart.  We are perfectly aware of the current developments in Greece but we choose to rely on the monthly chart in this case.

EURUSD Trade Details

EURUSD long @ market price
Take profit: 1.1500
Protective stop: 1.0395
Risk-Ratio (RR): 1 : 5 (approx.)
Estimated duration:  140 days

Updates will be posted at the bottom of this page regarding the trade. Subscribers will be instantly notified when updates are made.

EURUSD Trading Strategy: The Perfect Entry

14/04/15 UPDATE: Moderate gains were seen in EURUSD, affirming our long entry in EURUSD was well-timed.

EURUSD current 60 minutes chart

Please click on the chart to enlarge:

EURUSD 60 Minutes Chart, 14 April, 2015

EURUSD 60 Minutes Chart, 14 April, 2015

As our entry was timed via the hourly chart, we are closing 20% of the long trade a market price and shift the protective stop to the entry as the trade is in almost +120 pips profit at the time of this writing.

EURUSD trade alert is now made available to all traders as the gains already took place and it is unclear whether China GDP and the ECB monetary policy will indeed contribute to EURUSD gains. To have access to our future trade alerts when they are issued, which you will be immediately notified via email please subscribe to the global trade alerts package. We invite you to review our past trade alerts that are fully documented on the website.

We will continue to post updates regarding the long trade in EURUSD.

EURUSD Trading Strategy: The Perfect Entry

16/04/15 UPDATE: EURUSD continued its bullish momentum in today’s session, trading at 1.0720 at the time of this writing. We are closing 10% of the long trade at market price.

EURUSD Trading Strategy: The Perfect Entry

17/04/15 UPDATE: EURUSD resumed its moderate gains as anticipated, trading at 1.0845 at the time of this writing, ensuring the long trade is in +275 pips (approx.) profit.

EURUSD 4hr Chart 17 April, 2015

Please click on the chart to enlarge:

EURUSD 4hr Chart, 17/04/15

EURUSD 4hr Chart, 17/04/15

We are closing 30% of the long trade at market price and shift the protective stop to 1.0658.

EURUSD Trading Strategy: The Perfect Entry

22/04/15 UPDATE: After narrowly missing our protective stop, EURUSD is trading at 1.0776 at the time of this writing. We are closing 10% of the long trade at market price.

EURUSD Trading Strategy: The Perfect Entry

24/04/15 UPDATE:  EURUSD is trading at 1.0813 at the time of this writing. We are shifting the protective stop to 1.0718.

EURUSD Trading Strategy: The Perfect Entry

29/04/15 UPDATE: EURUSD continued to enjoy moderate gains , trading at 1.1129 at the time of this writing after posting a daily high of 1.1161.

EURUSD 4hr Chart, 29 April 2015

Please click on the chart to enlarge:

EURUSD 4hr chart, 29/04/15

EURUSD 4hr chart, 29/04/15

As the trade is in approximately +560 pips, we are closing 20% of the position at market price and shift the protective stop 1.0920.

EURUSD Trading Strategy: The Perfect Entry

07/05/15 UPDATE: EURUSD is trading at 1.1306 at the time of this writing. We are closing the remaining of our long trade at market price as it appears a moderate correction may be seen. We have finished the trade with a decent profit.

As EURUSD trade is closed it can  now be accessed by all traders. Open trades are restricted to members only. We have been proving trade alerts in the spot Forex market since May 2014. Sign up for one of our plans and review our documented trades performance.
EURUSD Trading Strategy: The Perfect Entry