EURUSD is moving in upward channel. 1.0900 will decide the direction of this pair . Will update this analysis once price has reached that point
Sell below 1.0735. Stop loss at 1.0674. Take profit at 1.0776. Reason for the trading strategy (technically): Price has reacted off our selling area perfectly. We remain bearish below major resistance at 1.0735 (Fibonacci retracement, horizontal overlap resistance) for a drop to at least 1.0674 support (Fibonacci retracement, horizontal pullback...
Buy above 1.0570. Stop loss at 1.0520. Take profit at 1.0704. Reason for the trading strategy (technically): Price has dropped nicely below our selling area last week and is fast approaching our profit target. We now look to play the bounce above 1.0570 support (Fibonacci extension, horizontal swing low support) for a push up to 1.0704 resistance (Fibonacci...
AS WE CAN SEE FORMATION OF INVERSE HEAD AND SHOULDER, AND MAY RETEST TREND LINE AND BREAK NECK LINE OF THIS PATTERN AND GO FOR NEXT RESISTANCE.
This pattern completed about 4 days ago and there is NO momentum relative to the USD. I don't believe that changes near term with the certain/uncertainty relative to the "political turmoil" of the first world the Greenback represents. SMH! POTENTIAL for a 38.2 retracement of the CD Leg is notable. Anything more would be like expecting to feast on a hot off the...
As my harmonic pattern target is approaching, i'm looking for SHORT position. looking to start entry at 1.07800 and my TP will be at 1.05000 If the price climbing towards my SL and the signal still valid, i will move my SL 50pips above proposed SL. Happy Trading
Buy above 1.0572. Stop loss at 1.0543. Take profit at 1.0630. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area yesterday and we close off our profitable bearish position because of the changing elements. We look to buy above 1.0572 support (Fibonacci retracement, horizontal overlap support) for a push up to 1.0630...
Anyone interested? A few pips left to enter into the zone. Anyway Daily CS look so strong bullish one, but the zone could give a short retracement before continue the move. Trade at your own RIsk. Happy Trading. I will look for short soon... good luck
Buy above 1.0575. Stop loss at 1.0490. Take profit at 1.0680. Reason for the trading strategy: Price has shot up and is approaching our profit target. We look to buy on strength above 1.0575 support (Fibonacci retracement, horizontal pullback support, pullback support to descending support line) for a further push up to 1.0680 resistance (Fibonacci retracement,...
Sell below 1.0627. Stop loss at 1.0681. Take profit at 1.0545. Reason for the trading strategy (technically): Price is now testing major resistance at 1.0627 (major horizontal resistance, Fibonacci retracement) and we expect a drop from this level to at least 1.0545 support (Fibonacci retracement, horizontal pullback support). RSI (34) is also seeing major...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards :) Aaron
Sell below 1.0604. Stop loss at 1.0638. Take profit at 1.0494. Reason for the trading strategy (technically): We remain bearish below 1.0604 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a further push down to 1.0494 (Fibonacci extension, horizontal support). RSI (34) is seeing strong descending resistance pushing...
Sell below 1.0604. Stop loss at 1.0638. Take profit at 1.0494. Reason for the trading strategy (technically): Price is dropping nicely towards our profit target. We remain bearish below 1.0604 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a further push down to 1.0494 (Fibonacci extension, horizontal support). RSI...
Buy above 1.0500. Stop loss at 1.0430. Take profit at 1.0680. Reason for the trading strategy: Price dropped nicely and reached our profit target as expected. We now turn bullish above major support at 1.0500 (Fibonacci retracement, Fibonacci extension, horizontal support) for a push up to 1.6800 (Fibonacci retracement, horizontal swing high resistance). RSI...
1.0604 is fibonacci retracement, fibonacci extension and horizontal pullback resistance.