The huge bullish run has left gaps that need filling, the price will move where money resides and lots of liquidity is trapped within this bullish move.
I would like to see an initial tease at the market open to lure buyers into the market before absolutely collapsing to the downside.
Dollar Index looks growh up soon. You can watch dollar index (DXY) as guidance for this pair.
You must patient for safe trade.
Wait until the price breakout the support line (grey on chart).
After retest thats the best entry position. Place the stoploss above the suport. (Maybe 30-40 pips, depend on you)
Remember if price has broke, Support become the...
This post for educational only.
As my previous post must wait to entry position on this pair.
Now EURUSD broke the line..
Now you can entry buy now. Because have retest on lower time frame.
How to avoid false breakout?
Place STOPLOSS below the wick.
If there is price reversal. You can change sell setup, watch the bearish candle confirmation.
Find the lower...
Based on the 1H chart, we see a strong support is being tested at 1.2 for the pair as it tried to form a double top before. It could provide a resume for EURUSD uptrend if it bounces.
ECB has announced there is no policy change earlier today which contributed to the drop of the EUR. However, the drop was not supported by a good job report of US right...
A retest of 1.199 is a possibility.
1.199 was a very strong resistance level that was used and respected multiple times before yesterday price smashed through this level, now when price breaks such a strong level we do expect price to come back down and retest that level as support before making more bullish moves up to our target area which is marked out with a...
USD is a good investment.
As mentioned before in previous charts i was looking for 1.199 to break and a run up to 1.21 to happen.. Today that has happened and bulls are flying with price moving nearly 100 pips already today we are only 70 pips off the 1.21 level.
I will have to keep an eye on what price is doing because we might get the touch of 1.21 before it...
This pair has been flirting with the 1.2 level for the last couple of days, this will introduce a heavy amount of sellers into the market considering it a strong resistance. In reality, price is likely to purge the liquidity holding above the zone before it considers any sell-offs. Our team has been buying this pair aggressively for weeks resulting in a nice...
If you take a look at my SIMPLE TRADING STRATEGY FREE chart i posted the other day you will see that i said bulls will push price upto my 1.19 level which price did today (well came within 2 pips of this level) Before dropping 30 pips! I caught this bounce and i hope you all did.
Now after this 30 pip bounce i can possibly see price breaking this 1.19 level and...
1.21 is a key area of interest for me (marked out by my yellow box) The reason for this is price will meet a trendline which will be on its 3rd touch and a key level of resistance at a nice round key number! This for me would be a strong sell to catch a few pips with my trading style. I set 3 positions on all trades with different TPs, this lets me catch the small...
I expect the weak dollar to continue. There will be some consolidation but the longer the delay the bigger the drop. I opened a short position with a very tight SL. As always nobody knows what will happen and it is the strategy that makes you money and not the prediction ( up or down).
Eurusd has broken out of the downtrend.
Could we see it break out of the current resistance?
Or will we see it bounce back down?
Lets wait and find out
This is my idea of what may happen, but anything can happen lol.
A new chart will be posted when i see a clear idea.
Thanks for looking and enjoy your day!
Excellent trade caught last week with the team, I expect the price to slightly retrace before continuing aggressively to our initial target.
Wait for a strong pullback before riding the bullish wave up to the target zone.
My team got planted nicely in buys yesterday, all information can be found in-depth in our telegram channel in regards to how we found the trade.
Today, I am looking to add to the initial buys around the area marked.