I am ready to enter long position on EUrUSd at FIb.. 0.618 level beacuse Eur is going to test this level second time and will become double bottom ..... My TP will be 1.171 .. hit like if you think EurUSd will behave like this or suggest me ..
Potential trade setup forming on the daily time frame for EUR/USD Confirmations - 1 - DXY projected short opportunities 2 - Potential retest forming on the daily trend line 3 - MACD divergence
Hi there. First scenario: Wait for the price to form a continuation pattern and if you are not in, sell. Second scenario: Wait for the price to move impulsively to the upside at the current price and wait for the price to form a continuation pattern for buy. Let’s see how it behaves this week. Remember, for medium – longer term we are bullish.
If you look at our pair from the point of view of wave analysis, we observed a strong 5th downward wave and the pair dropped below the 1.1410 wave. At the moment, we believe that after testing this level again, the price will go even lower to the area of 1.1330 and 1.13 levels. Technical indicators point to a sale. Therefore, we advise you to take short positions...
The Breakout Opportunities system has just sold EURUSD at 1.13759. The system recommends entering this trade at any price between 1.1359 and 1.13874. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.22618, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour...
EURAUD have been falling quite sharply over the past few days, for now this market is testing the top of the trend line where I can see the scope for possible resumption in the bearish trend. I am waiting for the market to consolidate here and once it breaks below the consolidation phase, i will be triggering my shorts. Keep watching this market for a possible...
EURJPY is approaching resistance at 125.01 (50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 122.00 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
EURUSD is approaching our first support at 1.1363 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement, ascending channel’s support) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1460 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is also...
Stop got reached (very minimal), i would have even adjusted it slightly if i would have been awake to see it, since it is staying above that trend line. So i i have made a choice to wait for a small drop like the blue line, see it form a small higher low and go long there again, or if this resistance breaks and git in higher like the purple line shows. Both tight...
The Breakout Opportunities system has just sold EURUSD at 1.13759. The system recommends entering this trade at any price between 1.1359 and 1.13874. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.22618, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour...
After the update of local maxima, our pair went down. At the current moment the situation on the chart is similar to the fact that the head and shoulders pattern is being formed. Now we are in the final stages of the second shoulder. Therefore, we advise you to take short positions in the pair and we believe that the pair will move to the levels of 1.1370 and 1.1330
The EURUSD bulls have taken a break since recent swing highs at 1.1569 levels. The single currency pair has retraced lower towards 1.1420/30 levels as a potential discussed earlier. Please note that prices are stalling and finding support at the previous Wave iv at a lower degree, not shown here. It is important to note that major support zone is around 1.1410...
I did several winners in a row on EURUSD, purely going against basic TA and sentiment. Why did i do it, well after 20 years of trading, getting F'ed countless times by fake moves, you start to recognize it. We all know, most traders loose money, so why should we always do what most people do? Of course it doesn't always play out, but that is part of the game. As...