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EURo formed the triple bottom

megajorko Posted 2 June as Analysis on EUR/USD, Target: 1.1300, Date: 3rd of August, 12:00 GMT  in #Technical analysis #USD #Eurusd #Dollar Index #EUR/USD
According to weekly chart the channel down is still in play. But on Daily it has formed a nice triple bottom (the third part is still a little questioned but after today penetration of 1.1 it seems that formation of the third bottom is a fact)
I have made some drawing on 15 minutes chart because currently the Daily and Hourly charts are not loading for some reasons.
Here the level 1.09 is a possible support zone which can be tested only if 1.095 is broken but in present conditions I doubt it.
Al…
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The first day

megajorko Posted 1 June  in #Trader's blog #GBP #USD #Euro
Hello traders,
What happened today?
As usual Monday is very ranging day. But today was extremely volatile due to strong expectations and 1 big event.
EUR/USD started strongly bearish falling under 1.09 and soon after that recovering all the loses. All the participants were waiting for the big event - the ISM manufacturing which came better than expected and ruined the recovery of the Euro. The cable followed the same pattern and is on the way to the bearish trend continuation. This week are expe…
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US dollar correction

megajorko Posted 2 Feb.  in #Trader's blog #CAD #USD #Try
Hello traders,
Today I was waiting for the big movements after the strong data in the morning.
We saw that USD depreciated a little bit but after the strong uptrend this probably is a small correction.
The big losers last week were the Turkish Lyra and the Canadian dollar.
Today they made significant correction so I am using this opportunity to return back to trend for GBP/CAD up and USD/TRY up
Let us hope this is not a downtrend starter which is possible but usually not in Mondays
Good luck to …
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EURo rally

megajorko Posted 27 Jan.  in #Trader's blog #USD #Euro NZD
Today was very predictable day. The euro show on Monday that the effect of all the news is over. The USD's rally has stopped and will be waiting for more info about the rate hike. I entered yesterday on the EUR/NZD pair long but unfortunately the timing was very wrong and exit with smaller than expected profit today with some fear of stoploss hit for less than a pip. Now that the Greece elections is over there is nothing to stop euro for rising again. The QE effect also has diminished. The only …
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BEFore weekend

megajorko Posted 17 Oct.  in #Trader's blog #USD #Euro #Try
Ending the weekend is a very difficult task. You never now what surprise is waiting at the corner. After the big drop and the new uptrend EURO will maybe continue to go up. The big question now is when will be the correction and how big it will be! I already tried to enter for correction and as always happens it was wrong timing before the jump up of 50 pips and got stoploss. Entering until the end of the day will be pure gambling, so I will continue next week. Good luck all and trade carefully!…
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2 Comments
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megajorko 17 Oct.

I forgot to mention that I am counting to return my loss by the TRY it has big potentials now!

Alexana5 avatar
Alexana5 17 Oct.

Good luck to you!

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Tuesday night

megajorko Posted 14 Oct.  in #Trader's blog #NOK #SEK #USD
Today I was prepared for a big hunt on the pairs EURNOK, EURSEK, USDNOK and USDSEK, the timing was correct but made a small entry error and missed the big move. Of course made a small profit afterwards but it was too late and hesitated for more, so I missed the next big wave up. Now my sight is on British news and Canada. Both of them suffer a lot of depriciation so selling will be a good idea. Good night
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Last wednesday of July

megajorko Posted 30 July  in #Trader's blog #USD #Interest Rate #Adp
Hello traders,
It is Wednesday, the day in which there is ADP which follows Fridays NFP. Nearly 3 years all traders were trying to short the EUR and Long the USD and now when we see that the hawkish mood of MRS Yellen will come and the interest rate will try to go up I am very surprised to see that sentiment is for buying European useless paper and sell dollars. I am sure that until end of next week we'll see EUR/USD at 1.32 at least. But please buyers buy some more to give me opportunity to ent…
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