Forex Forecast EURUSD (16-20 April 2012)

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Forex forecast EURUSD currency pair for next week: 16-20 April 2012 detailing the levels of resistance to the price movement

As always, before you consider options for trades for the next week and analyze the chart of EURUSD over the last week and pay attention to the close of the week.

1) The week closed with a black candle body and a long tail on top, almost to a minimum of last week, more prone to sales.

2) During the week the price has gone virtually nowhere, and the maximum tested the black trend line upward for sales.

3) Friday closed the black candle candles, candles engulfed Thursday and Friday.

On this basis, we make the assumption that the priority for sales still present, but as always, and purchases are not excluded …

Now let’s take a closer look at the options transactions for buying and selling:

Despite the fact that the price is still an important trend line has tested this week — the black, but most of the signals for the week virtually unchanged, since the course was not a great price and within the 2 trend lines, which had not breached were.

Deal to sell:

1) First of all, at least on a temporary continuation of the downward movement will indicate the sample and the possible closing of the day or H4 as a minimum, below the blue line of the triangle (the blue trend line). So if you’re not in a transaction to sell, then we can consider the option of selling the same to retest the trend line from the top down. The immediate aim of course is not 100% defined as the market did not give clear and long trend, but the first goal — 1.2954 (61.8% Fibonacci), then — the light green trend line (get the type of correction ABC), if the price keeps going — that the lower trend line purple, red and green long-long-line of the channel. Stop-loss — above the blue trend pierced + tench important Fibonacci level of the last downward move.

2) All that is above the top line of the triangle (purple line of the upper channel) will not be considered, as these options transactions are fully described in the past forex trading forecast for the week.

3) All that is below the lower line of the triangle also will not be considered, for the same reason (these forex signals have been described in previous times). The only thing the last time later, added a light green trend line + on this week added a dark-green channel, so the breakdown of light-green trend line, consider the options of sales, with the objectives of paragraph (1) for sale. Stop-loss set the same — the same above the trend line + Fibonacci level of the last downward move.

4) Sales by the orange line of the channel for the correction of last week’s level of + 61.8% Fibonacci of the last downward last week, + green upper channel line. Or 38.2% (if the price goes up sharply Monday, but I think this is unlikely). Stop-loss — over the next Fibonacci level — 76.4% + on the possibility of a black downward trend line. Profit is the same — blue bottom line of the triangle and then under paragraph (1) for sale.

5) You can also consider options for sales from the 1st and 2nd black trend line, especially on the level of 1.3238 — 61.8% Fibonacci + black trend line is rising. Profit — the lower the black trend line, the bottom line of the triangle, then under paragraph (1) for sale. Stop-loss — over the next Fibonacci level.

Deal to buy:

1) Similarly, I will not describe the signals above and below the intended line of the symmetrical triangle, as they are fully described in the last forecast.

2) Add signal a retreat from the light green trend line + the lower channel line of dark green. Stop-loss is certainly big, but I think that it should be placed just under the lower line the violet channel. Profit — the bottom line of the triangle (its retest), and more — the top line of dark-green channel, black 1st and 2nd line of the trend, the top line of the triangle and beyond: a blue long-line of the channel, blue, green, long-term.

Signals inside the triangle:

3) Buy more above the 2 trend lines in black. Stop-loss is possible — at the bottom. Profit — the top line of the triangle and then under paragraph (2).

4) The last option purchases, although in my opinion a very risky (because I think the price will try to break this downward trend line) — a retreat from the bottom line of the triangle, but if they try to buy, then rebound and closing of the daily candle candle purchase. Profit — Black 1st, 2nd, and so forth in paragraph (3) for purchases. Stop-loss — below the blue sliding door stop + low candles, if he will surely be.

5) There is a red trend line, which stopped the price on Friday, but did not think of it needed to fly at the opening of the market, that is, in my opinion it is not very important, so take it into account …

In the same way as in all writing forecasts — do not forget to monitor the situation during the week and find and refine the new points of entry and exit from them.

  • Download the template for this MetaTrader 4 forex trading forecast for EURUSD — 15_04_2012_eurusd.tpl

To install the template MT4, you need to unzip it first! If you «get off» the trend line, the line channels on the forex market open on Monday — to tinker with their own, according to the image in the forex forecast and the forecast forex video — it will give to them, and prognosis.

Original: Forex forecast EURUSD (16-20 April 2012)

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Comments (1) on "Forex Forecast EURUSD (16-20 April 2012)"

  1. […] All options transactions for the purchase and sale of which below and above the background of a triangle — see the last forex forecast (for 16-20 April 2012)! […]

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