EUR/USD ranging with no Dollar or Euro is showing power over the other.
For now, we will not take any trade, we will wait till Monday to see how the market will open.
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Once price has broken this level of support we are looking for sells to the green area
DXY is going up so all USD pairs will be dropping.. GBPUSD was the first one to sink now we wait for the rest
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Formation of a new lower low and lower high are confluences for a possible downtrend.
The price point previously reached this high area back in early March and the price was heavily rejected. A repeat of this pattern is more than likely, as the price has already rejected we can catch the rest of the pips down to the indicated support zones.
RSI and Stochastic's...
Hope you are having great day.
As DXY weakens and the long awaited structure is broken, divergence is visible, and overall downtrend has ended.
Look for buys and keep buying with great RtoR.
It is an idea, not a trading call for anyone.
On #EURUSD 1-hour chart; curve T3 turned negative and it is likely that SAR also will turn to negative.. We see a bearish engulfing candlestick pattern, furthermore there is a bearish divergence on Rsi .. Within the framework from all these bearish signals, I firmly believe that the price will go down.. I expect a structure as I mentioned in the chart.. We will...
On #EURUSD 4-hour chart, curve T3 and simple moving averages (ma10, ma20) have turned their directions to negative.. It is likely that the price will go down.. I expect a structure as I mentioned in the chart..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
Looking at this SHORT setup here.
Seeing price have its final 3rd squeeze tapping in and above the 1.100 weekly level.
Seeing Price reject quite fast here on the 1H TF and 4H TF coming back below that resistance highlighted.
First target would be the support area in grey at the bottom and if we break further downside potential.