hi, here is my take on EURUSD short, this a short term trade, on the back of a recent significant momentum upward trend . RSI indicator is showing a overbought couples with a shooting star candle stick condition may prompt a fall in price to longterm resistance level in the longterm at 1.2550. Potential to catch short term targets at 1.13102
as we can see the stocks is moving in a strong support an also buying zone area ,so if the stock make a reversal candle from bottom line then we can go for buying after breaking the upper trend line . join my telegram to get axact buy/sell level.
1. Previously created a Double Top, 2. Rejecting nicely from the Fibonacci 50% resistance -> was also previous HL. 3. Downtrend 4. 4H chart creating a shooting star We have 4 confluences. Please if you have experience in trading and have a different opinion leave comments and say why as I'm looking to improve my trading analysis. <3
But just because the UK is fickle on leaving the EU for the WTO, its still not sure if ready to make the jump. EURUSD in the upcoming week will almost entirely be moved by Brexit, however concerns over a slowdown in European growth may be justified with more weak EU data, particularly in central bank speak on Tuesday, German CPI on Thursday, and unemployment...
The headline kind of describes this trade. Not much else to say technically beyond this. Fundamentally, I'll keep it short. EU growth is quickly declining. I think Brexit will speed this up which is fast approaching. If you want some more words and charts on Brexit, you can check out my analysis here: anthonylaurence.wordpress.com
We're on resistance right now. Got lots of -div on these midterm time frames and this vertical support doesn't look sustainable anymore.
As far as EURUSD is in down trend, it is better to enter at golden pocket zone of fibo.
We can see nice price action playing out at this zone, we have a 3 candle stick rule to the down side, and 2 reverse hammer on a down trend. Mi ratio is 2:3 wich is not bad for this quick intra day trade. I will see how it will play out
Esto es lo que veo que puede pasar en estas proximas 24 a 48 horas no soy el financial advisor de nadie, porfavor si toman este trade arriengen solo lo que si cuenta aguante y con un lotaje de 0.01 por cada $100
EURUSD Watch for retest I feel should be due for a retrace or reversal Love to hear your ideas