🔸Hello traders, let's review the 8 hour chart for EURUSD today. Outlook shifts to BEAR mode currently, since bulls were unable to push hard after hitting 0900, right now distribution in tight range 0900-1000. 🔸Short-term expecting more range-locked price action within the flag pattern structure, position traders should stay on sidelines and wait before short...
🔸Hello traders, let's review the daily chart for EURUSD today. Recently we had noteworthy compression inside rising wedge in strong prior downtrend conditions. Normally this results in a breakdown and dump, we had a fake breakout and print of new higher high at 1230/1240 before reversal and subsequent breakdown of the rising wedge structure. 🔸EURUSD ongoing...
🔸Hello traders, today let's review 4hour price chart for gold. Downtrend in progress currently, however oversold conditions so a bounce is likely/possible short-term. price chart is still weak and expecting more losses in this market after the bounce. 🔸Recent downtrend is defined by 5 wave sequence, currently wave 4 bounce in progress, expecting wave 4 to...
FOREXCOM:EURUSD Daily bias is bullish. Price dropped to 15mins imbalance, and then create a shift in market structure. Entry at OTE.
EURUSD / 4H Hello Traders, welcome back to another market breakdown. EURUSD has been trading in a down trend, the price has deviated above old highs forming a wedge pattern with 3 touches, which is a reversal pattern. Safe play would be to wait for the pull-back to previous S/R level showen on the chart. Trade safely, Trader Leo.
Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.0551, which aligns with 61.8% Fibo retracement and 78.6% Fibo projection. Our take profit will be at 1.0485, an overlap support level. The stop loss will be placed at 1.0612, above the swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on...
Hello,Friends! EUR/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.043 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Good morning, fellow traders! The recent bullish run of the Dollar has been rather straightforward. However, now we find ourselves in a state of insufficiency, and we've decided to take partial profits on the EUR/USD pair. Our outlook for the week ahead is quite straightforward. Our entries will consist mainly of scalps with durations up to 15 minutes. Today, we...
Hello friends Bitcoin is in an ascending channel. According to the conditions of the Middle East war, the bottom of the ascending channel may be broken. It is better to refrain from trading until the trend is clear
Hello friends Bitcoin is in an ascending channel. According to the conditions of the Middle East war, the bottom of the ascending channel may be broken. It is better to refrain from trading until the trend is clear
EUR/USD Short Trading Opportunity 1. The price closed below the Trend Magic Indicator line. 2. US Dollar Index DXY uptrend continues. 3. Vortex indicates downtrend signal. 4. Retail trader data shows 62% of traders are net-long. Strong contrarian short signal. SL - above the Trend Magic Indicator line or Vortex indicator change trend signal TP - 1.0455 Keep It...
The EUR/USD exchange rate is above 1.0550, supported by a slight decline in the US dollar and decreasing US bond yields, while a positive risk tone weakens the dollar. Traders are awaiting key data for the week, including FOMC minutes and the US Consumer Price Index. The EUR/USD is below the 20-day Simple Moving Average (SMA) and within a downtrend channel, but in...
EURUSD 10 Oct 2023 Intraday Analysis 15m This is an intraday analysis for EURUSD on 15m chart based on Smart Money Concept (SMC)
EURUSD 10 Oct 2023 Intraday Analysis 4H This is a high level analysis for EURUSD on 4H chart based on Smart Money Concept (SMC)
The euro EURUSD was up 0.1% in early Asia trade to $1.0580. The Israeli shekel (ILS=D3) steadied at 3.95 to the dollar, just off an almost eight-year low, after the central bank promised $30 billion in foreign exchange selling.
EUR/USD - H4 Chart - Channel Breakout Pattern Formation Price Need to break the channel and after retest of Channel only we take buy entry. Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often...
Hello traders, Coming to this week we saw a big bearish openning gap due to the geopolitical events in the world, if things remains relatively stable, I would be expecting the BSL to be taking out in the next one or two days .
EURUSD is trading inside a Bullish Megaphone. Having formed the first Golden Cross (1h) since August 30th, we have a strong bullish case for the short term but at the same time two clear Resistance levels. Trading Plan: 1. Buy on the current market price. 2. If it pulls back after a Resistance (1) test, buy on the MA200 (1h). Targets: 1. 1.06175 (Resistance...