I'm struggling to speak tonight ahah.. but just wanted to share my thoughts on EURUSD at the moment, we are starting to see price reject that support once again so I have taken long trades. I like to trade pretty aggressive so keeping stops nice and tight and moving them once in a few pips profit, this can stop you out at break even a few times but its where I...
As we can see eurusd broke out of a reversal pattern descending channel and formed a large correction bull flag. from there it formed a pattern within a pattern an broke out
First, the market took support from the previous low and now acting as a fake breakout which is clearly given the bullish scenario.
EURUSD is growing if : the candle bar closes above 1.1852 in the 2H time frame and the price in the next bar crosses the highest price for the previous candle, at that time the pullback is confirmed In this scenario, EURUSD returns to the uptrend channel
EURUSD was placed in an uptrend channel after the break of the triangle. Entry into buy trade is above the resistance range (1.1890 -1.1894), the next target is in the 1.1950 range.
The market has failed to break daily low giving a pin bar rejection to the upside which changed my directional bias on the 4hr, 1hr, and 15m. I am projecting for the market to move to the updside at list 18900 and 19600
Looking at EUR/USD there are many possible triggers of an upward movement firstly : The support at 1.21550 areas, which in turn has made ahead formation 4h relative strength index HEAD and SHOULDER pattern about to form, with a new shoulder at the level of 1.21750 - 1.21880 The bullish trend Support and Resistance
EURUSD LONG THE PULLBACK EXPECTED CONTINUED DOLLAR WEAKNESS LEAVE 1 OR 2 RUNNERS OPEN AT TP
Following up from my previous post on this pair price has reached our area of interest for price to continue bullish from here after a support is formed to fill the wick from January 2021. Target 1 is 1.2323 and Target 2 1.23500.
Clean break / retest, support formed on the daily. Expect continuation to the upside.
Follow the chart to understand this analysis.
As we can see eurusd was broke trendline before and now he just reversal on lower timeframe makin impulse structure as well and also we can see Bullish Flag on 15M was breakout so we can waiting for confirmation (pullback) then we can execute comment your perspective below !
As we can see on my forecast and my previous forecast Eurusd has breakout and retest trendline respected fibo 0.618 and boom bullish again will eurusd go long until 1.23456 ? ( Nice number if you read clearly ) comment your perspective below !
On the daily the market is currently above the 200 MA indicating its in a bullish market. You can see price recently mitigated the IC and straighter rocketed up, I'm 99% sure institutions are closing their sell positions(Which probably is the reason price broke outside the support and resistance zone). Before the move back within the two Support and resistance...
There is still some time to find an entry on this. Bullish trend, price has broken the inverse head and shoulders neckline on hourly. Bullish divergence on daily.
Self explanatory. .... and Yes, we did catch that initial bounce! ... in the old post