Gold/EUR
Last week the price closed below the 1W MA50 (blue trend-line) for the first time since May 18, 2020. Even though EURUSD is still on Higher Lows since November 02, 2020, it remains under the bearish effect of the Lower Highs since the Jan 04, 2021 weekly top. This 1W MA50 break brings comparisons with the May 07, 2018 weekly breaking. At that time, the pair broke...
Let's see how this one rolls. Fore a bigger frame check related idea.
We believe that the worst is not over for the GBP and we highly expect that EURGBP and other XXXGBP pairs could trend higher over the coming trading days. Based on what we see on the charts we have executed long positions.
Hello everyone! Seeing bearish momentum on EURJPY here, prices could see a pullback to test the entry which is a key support-turned-resistance zone, in line with the descending trend line and fibonacci confluence levels. In terms of market structure, the support area is broken and we could see a further downside here. What is your view on EURJPY, are you...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.85499). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.85499). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Double support (Megaphone backtest & upward sloping) + bullish RSI divergence
good day traders, We just had a divergence and a corrective structure suggesting a bullish impulse is around the corner confluences>DIVERGENCE>CORRECTIVE STUCTURE BREAK OUT>PREVIOUS SUPPORT/RESISTANCE
EURGBP approaching descending trendline resistance. A short-term drop below 78.6% Fibonacci retracement and our entry at 0.86108 towards our take profit and 61.8% Fibonacci retracement at 0.85665 could be possible. Our take profit level is also in line with graphical overlap support. Stochastic is also reacting below resistance where price pulled back in the...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.09296). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURCHF is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.09296). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURCHF is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
The strengthening of the dollar is not over yet, with the beginning of the new week its rally will continue. ======= A sell signal of medium strength (2 of 3) after testing the resistance level (1.1906 - 1.1925) and the psychological level (1.1900). Trade target - 1.1800
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we see a continuation of downtrend and we have this resistance level that bring it down to 130.36.
Just wait for confirmation. Target : sell 1.12570 Target: buy 1.22200 Don't forget to look the economic calendar. THANK YOU! GOOD LUCK!
• Took a breakeven just by a pip on my First position. • Second entry is looking good showing similar *impluse correction impulse * formation. • Looking at a risk entry with A stop loss of 50 pips. * For more Forex trading Ideas follow My Account as you don't wanna miss on this Trades*
The dollar climbed the most in 15 months and the EURUSD tumbled amid a hawkish Fed that signals to tighten monetary policy. EURUSD fell from a range top and has broken the bottom of a 3-month rising channel together with the 262 ma. The short-term sentiment for EURUSD has turned bearish but is also extremely oversold and a strong pullback is inevitable. This...
EURUSD - Intraday - We look to Buy at 1.1841 (stop at 1.1811) Daily pivot is at 1.1835. With signals for sentiment at oversold extremes, the dip could not be extended. Broken out of the channel formation to the downside. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of...