EURUSD-TRADE
EURUSD - still sidewaysToday bias for trading is down.
EUR-USD moves in relatively big channel.
Catching long scalps is possible, but we never use more than 1/4 normal position size playing against trend. And get ready to set proper money management when bigger dump comes, especially on lower time-frames.
Price heading to retest 1.08 level at the moment of writing, already declined getting on upper channel on small-time-frame
BUY EURUSD (TP AND SL GIVEN)Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price is close at its current resistance so it’s advisable to wait for confirmation.
Let us know your views on this in the comment section. Thank you all.
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Ryan.R..Lopes
Gold plan!Gold is in a triangle, but it will shortly leave it uptrend resistence is stronger than the downside one. ether it breaks one or another it will shoot upt 1340'ish or down to 1250'ish.
Wait for a touch in the tendlines and a signal of bounce.
If breaks one of the trendlines wait for retouch and the enter.
Cheers!
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second push down, how to spot reversals. (2/2)as continuing from my previous post, we look for a reversal from a high and we look for a retest and trade on the failure of the retest before it reaches the top. in this example, we see price already dropped quite a bit so it would be better to place the stop loss at the high of the retest to make for a better R:R.
EURUSD TargetsWe have a symmetrical triangle here. This one will be tricky but my expectations are bearish in mid-term. I believe we will see another touch to the trendline at 1.116 but a Lower High at 1.1580 before that won't surprise me.
Entry after 4h candle close confirmation.
Targets are given at the chart.
POTENTIAL EURUSD Long SETTING UPMonth support held at the 1.15500 level. Previous month closed bullish showing bearish momentum from April has began to slow. Price currently heading back lower towards the named support level closing the week candle bearish as expected. Looking for price to hold the 1.15500 level before entering long with an initial target of 1.17100.
1.5RR Trade
Stop 1.14700
Target 1.17100
Possible 1.36RR Short EURUSD trade setting upMonth Support Held at the 1.15500 area. Week Resistance area of 1.17150 has been successfully breached, price heading towards the next key level which is day resistance at the 1.18300 level. Looking for a fail of the 1.18300 area before getting SHORT for the retrace back down to the 1.17600 level. 1.36RR Trade
Stop 1.18800
Target 1.16015