Eur/Usd moved slightly higher last week following a small pullback, the next key resistance is around the 1.1900 area, there is room for this pair to move higher. Today I took an intraday move shorting this pair at 1.1800 with a target of 1.1725 whilst keeping in mind that 1.1625 could act as potential support and the primary buy-zone this week.
OBSERVATION: Entered long after price closed above the wedge, currently a long daily candle formed and closed above resistance and is heading for the next resistance zone. I will be adding onto this trade as I am anticipating that it will fly past my TP.
Hey Traders, over the next week we are looking for more Euro bullish movement against the US Dollar. The minor structure support level of 1.18020 has been respected and therefore we look for it to hold support once again. Target for this trade is 1.19031 which is a monthly resistance area. I will update the progress of this trade on our Instagram page so go follow...
Hey Traders, over the next week we are looking for more Euro bullish movement against the US Dollar. The minor structure support level is being held firm. Target for this trade is 1.19031 which is a monthly resistance area. I will update the progress of this trade on our Instagram page @thetradingdivision.
If you are interested in learning how to trade the forex...
HR News: Fri.
OBSERVATION: After last weeks breakout price is rising again as it seems that the market have digested last weeks news but it could just be for a retest, I have marked two possible retest zones. Will monitor this pair for a suitable entry.
1) Bearish Cannel
2) HH'S & LH'S
3) Minor Support and Resistance
4) Bearish pin bar on the 4HR
Plus more in depth analysis.
Expecing price to break below minor support at 1.1842 and should see price full 25 pips to 1.1815
Dollar to give a fight back this week, so expecting retracement on all major USD pairs expecting GBPUSD as the GBP has some major fundamental news coming out this week. TP at 50% fibs. Pattern should be complete by the end of the day or mid day tomorrow
If support holds we may see bullish price action towards upside target 1- then then target 2
However if we get a break of the ascending trendline we could see bearish price action towards downside target one
EURUSD shows a hanging man on weekly, this in itself is not a sign that Euro will fall, but it is a sign that bulls have definitively lost control, I will be looking for confirmation early this week.
I am short Euro from 1.1420 with stops at 1.450
just wanted to let you know what i'm looking at this morning, a bat pattern completing right a daily structure zone on the hourly chart. Stops above X, targets as usual for harmonic patterns.
If you want to share your idea or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
EUR/USD long - Expecting reversal back to 1.1403 which also coincides with our Lower Higher where many unfilled orders are potentially still awaiting to be triggered & then expecting price to 84 pips while risking 10 pips.
on EURNZD we're testing a key daily structure area (yellow box-black line) that also coincides with a psychological number (1,54). This is important for me because it tells me we could see a reversal down on a lower timeframe such as the 4H (the chart that you see): in this case, if you zoom in you can see why am i interested in this. There's a long pin...