100 - 200 Pip Opportunity - EUR/USD Long - 05/02/2016 The primary trend of EUR/USD is bullish on charts and price is trading above the trend line in its daily chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.12750 and support...
Daily and weekly trends seem to be going up, while the monthly trend is going down.
This is a late post. I missed out on the Bearish Butterfly for the sell. However, there is a potential buy zone in the resistance area notated above. If the Euro loses ground too quickly too the US Dollar and closes below this "buy zone," personally I would steer clear of trading the this currency pair until a new pattern arises. A bearish candle closing in this...
Looks good for short entry as US dollar is extremely strong and cannot make a move to the downside for sure so i think news in gonna come bad for the eur and good for the usd so smart trading this eurusd pair for 1100 pips profits in few minutes. If you like my idea do subscribe and join my youtube channel as well as my daily forex webinar happy trading.!!
EUR is overbought as on daily as on weekly – retracement probably will be solid. Besides, May Pivot has not been tested yet.
Well this is embarrassing really, in my post on the 4hr time, the abcd pattern showed me the PRZ, and i was observing the price action in that zone, a few days ago it was showing a sign of trend reversal but as you can see the market went lower showing that the market can do whatever it wants and we cant be correct all the time. So it is imperative to observe the...