As far as risk goes you have to.. for the biscuit. We see Multiple technical confluences surrounding the 1.1170 handle with an X marks the spot scenario. Quarterly chart implies a continuation of the long term up trend for the pair.
We are sitting around the 61.8% Fibonacci retracement level and have support from an ascending and descending trendline. With the...
We are waiting for the price of the box to break. The direction of the trade is clear after the box is broken, so do not miss it.
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20 $ for 1 month support,
35 $ for 2 months support,
50 $ for 3 months support
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I will be looking to take longs. I will also get back in if my SL is hit, I will re enter as a BUY STOP if price comes back to these entries. I will then put SL to the previous new low that is created, this often occurs as the market dips down to pick up liquidity to then move on up, very common with EURUSD. If price does not hit my level and goes up without me......
I have entered a long position on EURUSD for the following reasons;
1) Jumping late on this move - but I still believe there's a lot of potential for moves to the upside in this bearish market.
2) Recent touch of trend line and strong rejection indicates moves higher.
3) Close above fib 0.618.
4) Close above 20 ema supports bullish bias.
Let's see how this...
From a technical perspective, many would assume this pair is now ready to fly to the downside after breaking the ascending channel it was caught in. After analyzing the DXY, a major factor in the movement of this pair. My opinion is that we will potentially see a break back within the channel with room for more upside. My bias remains bearish...
1.16000 is a key level that will be used as a springboard for the bulls to push price higher and higher. If you go on the monthly chart and mark this level on the chart you will see why. I am also expecting USD weakness as DXY is at a lovely resistance level also which adds confluence (another reason) for me to take this trade.
If you want to know more about my...
Price is stepping down and still obeying structure, we have to respect the downtrend we are presented with and have a bearish outlook until we see a structural shift as illustrated. We had a huge bearish engulfing candle on the weekly timeframe so a pullback is likely but not 100%, the market conditions have changed quite a bit recenty and we are finding that...
If U Already Opened A Short. Then Try To Sell Above 1.130.
Because Price Now Not Making To Much Gap From Trend Line Like Previous History.
Prices Maybe Broke This Upper Resistance But After Retesting 1.120 - 1.130 Area.
As per the support & resistance trendline, EURUSD is moving slightly upside.
The last candle is running at the control price. Its a pullback here. Now pay attention to the support trendline B . If it breaks down, there will be a fall up to the support trendline A .
It means it's a boom.
As I explained, It may fall for 1.18260-1.18000 levels below.
The market is in a bullish ascending channel, this assessment is confirmed by the 200 EMA's position on the 4hr time frame as well as the Daily time frame. The recent price action is currently respecting an ascending support line and approaching a level of key resistance which has a confluence with the 20 & 50 EMA. This area of confluence may indicate a strong buy...
The support for the pair is very strong which has many touches before.
The Double top pattern has been formed on the 1 hour chart and now will reverse on the Support.
This is not a recommendation and do not take any responsibility for your trades.