You can see where price has entered our support and resistance zone before and bounced back out of it.
This time we are expecting another bounce as price is at this level again, we are expecting price to use this zone or area as support therefore making bullish movement from this level.
We have quiet a few news releases tomorrow that will directly target this...
As you can see from our resistance zone ( red box ) price has used this numerous times as support and resistance, this time some bad news pushed price down into this area again but priced bounced in a bullish manor.
We have some USD news coming out in just over 1 hour and the outlook for this news is better than expected for USD so if this comes in as expected we...
Price has been travelling inn an ascending channel marked out in black, price hit the top of the channel recently. We are expecting price to come down to retest the previous higher high to make a lower low at the bottom of the channel.Once price has hit the bottom we are expecting price to then go up to 1.13412 the next resistance point.
We are expecting a bearish short term run on this pairing, as you can see marked out by our arrows that price has touched this trend line more than a 40 year old virgin touches his.... Xbox controller ;p ( I was going to say something else but I don't fancy getting banned just yet ) haha.
Price is currently sitting at this trend line and the current candle has...
Possible long position for EURUSD. Overall this pair is looking to go down even more but for now and the coming week I am expecting this pair to go up. This is based on following the trend as well as big fundamental news kicking off the week tomorrow and in favour of the EUR going up and USD going down. As for the technical analysis we can see a mediocre support...
I am trading a small account and documenting my progress. This is not intended to be a sell signal !
Descending Trend Line Structure on 4H
I am anticipating a pull-back to retest the upper trend line which also coincides with weekly fib level.
Sell Limit - 1.13400
SL - 1.13750
TP - 1.12200
A lovely trendline has formed on this 4H chart, you can see yourself where and how many times price has respected it.
Price did recently breakout bullishly and made a good run up... but soon fell sharply back down below our trendline again and carried on with the trend of respecting the TL again.
We can only see price respecting this TL again therefore we are...
Possible big long position incoming on EURUSD. A major pullback has occurred shortly after the break of the trend line to the upside. Price has completed a big pullback to a minor support line which has been indicated on the chart and the price should continue from this support line all the way back up. Will be entering a trade with minor stop loss of 20 pips and...
I am demo trading and documenting my progress. This is not intended to be a buy signal !
Decending Trendline Structure on 4H
Possible buy on 1H channel Low up to D
BUY Limit - 1.12500
TP - 1.13000
SL - 1.11900
EUR USD finally break box shown in the chart!
We are in this 200 pips range since 31 of November until 11 of Fev. For this reason I have boxed this area and simple replicate for a potential target.
For a entry- I want to see a retest of 1.3000 and a combination of candles showing a bearish engulfing pattern!
Once we have that I do believe Eur usd will present...
today i want to talk about why i'm going long on this pair. Starting from our daily analysis, you all can see that price is testing a former level of resistance that now can turn into support. In addition to that, we can also see the RSI is in oversold condition and the price has created an harmonic pattern called Gartley. Going down on lower timeframes,...