Here I explain all the reason why I think we could be in for a drop on EURUSD to 1.2000 and finally start to see a bigger countertrend move for this pair that has been recently flying to the moon.
Leave a comment if you agree, disagree or have any questions
1. Price is in a downtrend on 1hour tf
2. Price has broken previous support indicating sellers are still in control
3. Price has broken a descending trendline on 1 hour
4. Waiting for retest and pin bar candle to enter
EURUSD has recently seen a strong break on the daily timeframe of the highs previously made during late august and now with the creation of recent wicks, it looks like we have found some resistance and we could see the market pullback to test the former daily resistance now as support at around 1.2000. If we get a daily close above the wicks we have recently made...
EURUSD has broken out of the contraction zone. My 1st target of 1.20000 has been reached. I expect this to go on further into the expansion zone and challenge the 2018 highs. My second target is 1.24000 as outlined in my linked idea.
Follow for further updates on this one.
Trade safe and always remember to plan your trade and trade your plan!
EURUSD has been moving very corrective on the H4 chart for a while and has slowly made its way to test the H4 trendline for a 3rd time. With this test we could see a swing to the downside to go and test the key lower level below and potentially the lower trend line beneath that if we have enough bearish momentum. We are starting to see bearish price action coming...
A quick look at the EURUSD and last week saw price hold comfortably above the Daily 20-EMA.
Potential targets above at the 1.20000 and 1.240000 levels.
Entries from the 20-EMA at 1.18150 to target the levels above.
Price looks to be nearing the end of this contraction zone and ready to break out to the upside. However, there could also potentially be a...
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on EURUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...
- Key supply area and failing to break
- Price is exhausted / long extended wicks
- Bearish pressure
- Break of 0.786 fib level and close below
I'll be placing an order @ 0.618 fib level. If price closes below the 0.786 fib level then I expect a move to the most recent lows.