SLO @ 1.0920 📉
SSO @ 1.0895 ⏳
TP1 @ 1.0840
TP2 @ 1.0800
TP3 @ 1.0766
TP4 @ 1.0715
BLO @ 1.0675 ⏳
ADDITIONAL INFO:
As of Sunday, November 19, 2023 at 23:00 PST, the EURUSD is currently trading at 1.0917. The pair is currently in a consolidation phase after a 9-day rally from Support @ 1.0656 (1D) up to Resistance @ 1.0935 (1D).
COMMODITY CHANNEL INDEX (CCI)
As of Sunday, November 19, 2023 at 23:15 PST, the status of the CCI for EURUSD on the 1H time frame is currently in the overbought zone at a value of 101.16. This indicates that the price of EURUSD is currently above its moving average and that there is strong upward momentum. However, it also indicates that a potential retracement or reversal could occur.
A CCI value above +100 indicates an overbought condition, while a value below -100 indicates an oversold condition. When the CCI crosses above +100, it can be seen as a signal to sell the pair. Conversely, when the CCI crosses below -100, it can be seen as a signal to buy the pair.
SUPPORT / RESISTANCE
— Resistance Level: 1.0935
— Support Level: 1.0656
HULL MOVING AVERAGE (HMA)
As of November 19, 2023 @ 23:30 PT, the Hull Moving Average (HMA) for EURUSD on the 1H time frame is currently at 1.0919, while the Current Price is a 1.0915. This suggests that the overall trend is currently sideways, as the HMA is flat and not trending up or down. If the HMA continues to drop and goes below current price it will suggest that the price may be in a correction phase after a recent rally.
The HMA can be used to identify trends, support and resistance levels, and potential entry and exit points for trades. It is a versatile indicator that can be used by traders of all experience levels.
⚠️ Please note that this is a Counter-Trend Trade and that these are just potential trading setups. The BIG PICTURE trend is still up. It is important to always use your own risk management and trade with caution.
SSO @ 1.0895 ⏳
TP1 @ 1.0840
TP2 @ 1.0800
TP3 @ 1.0766
TP4 @ 1.0715
BLO @ 1.0675 ⏳
ADDITIONAL INFO:
As of Sunday, November 19, 2023 at 23:00 PST, the EURUSD is currently trading at 1.0917. The pair is currently in a consolidation phase after a 9-day rally from Support @ 1.0656 (1D) up to Resistance @ 1.0935 (1D).
COMMODITY CHANNEL INDEX (CCI)
As of Sunday, November 19, 2023 at 23:15 PST, the status of the CCI for EURUSD on the 1H time frame is currently in the overbought zone at a value of 101.16. This indicates that the price of EURUSD is currently above its moving average and that there is strong upward momentum. However, it also indicates that a potential retracement or reversal could occur.
A CCI value above +100 indicates an overbought condition, while a value below -100 indicates an oversold condition. When the CCI crosses above +100, it can be seen as a signal to sell the pair. Conversely, when the CCI crosses below -100, it can be seen as a signal to buy the pair.
SUPPORT / RESISTANCE
— Resistance Level: 1.0935
— Support Level: 1.0656
HULL MOVING AVERAGE (HMA)
As of November 19, 2023 @ 23:30 PT, the Hull Moving Average (HMA) for EURUSD on the 1H time frame is currently at 1.0919, while the Current Price is a 1.0915. This suggests that the overall trend is currently sideways, as the HMA is flat and not trending up or down. If the HMA continues to drop and goes below current price it will suggest that the price may be in a correction phase after a recent rally.
The HMA can be used to identify trends, support and resistance levels, and potential entry and exit points for trades. It is a versatile indicator that can be used by traders of all experience levels.
⚠️ Please note that this is a Counter-Trend Trade and that these are just potential trading setups. The BIG PICTURE trend is still up. It is important to always use your own risk management and trade with caution.
Comment:
⚠️ COUNTER-TREND TRADE ⚠️
This is for those that are interested in HIGH RISK HIGH REWARD trading by taking advantage of counter trends.
EURUSD...DT (2H)
SSO @ 1.0905 ⏳
TP1 @ 1.0860 (2:1)
TP2 @ 1.0775 (5:1)
TP3 @ 1.0720 (8:1)
📈 BIG PICTURE TREND IS UP
This is for those that are interested in HIGH RISK HIGH REWARD trading by taking advantage of counter trends.
EURUSD...DT (2H)
SSO @ 1.0905 ⏳
TP1 @ 1.0860 (2:1)
TP2 @ 1.0775 (5:1)
TP3 @ 1.0720 (8:1)
📈 BIG PICTURE TREND IS UP
Professor C. E. Ward
Here's the Curve Analysis zoomed in on the 1H time frame