Dear Traders, Our last entry hit breakeven and price dropped heavily due to bullish dxy presence. We still expect DXY to remain bullish for starting few days of next week. We have identified the key area where we think price will reject and bounce back strongly which will give us 300+ pips. Wait for the price to come to our area and then enter accordingly with...
CAD JPY has formed a Symmetrical Triangle + A head and shoulders pattern 🤩 on the daily resistance level.... All we need to see before executing this trade is candlestick confirmation on the Right shoulder of the head and shoulders pattern. ⏰
Currently looking for sell confirmation from the resistance level. Plan B If the price breaks above the resistance level it will potentially become a support level only then we will look for Buy confirmations.
Hello Traders, EUR/USD has rebounded strongly just after touching the 100-day EMA level. The rebound was fueled by the FOMC event yesterday. Technically, this is a bullish sign. There is no resistance until 1.0980 level, so we can expect price to reach the 1.0980 level soon . Keep in mind that this is a very weak resistance, so if there is enough bullish...
Pair : EURUSD ( Euro / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves RSI - Divergence Break of Structure Bearish Channel as an Corrective Pattern in Short Time Frame S / R Level
I am pretty happy about my last long setup on EURUSD. My entry point was perfect and it's basically a no drawdown entry. I am holding my long with stoploss at break even and waiting for the take profits, that should come later this week
This is an update on the EURUSD analysis I shared last week with you guys, I was anticipating to see EURUSD trade higher to then trade lower and take sellside liquidity BUT now having seen how the WEEKLY time frame of both the EUR and the DXY are, I'm convinced we should anticipate buys to see buyside (The high Marked As A Weak High) liquidity taken, We would do...
**Monthly Chart** EURUSD monthly timeframe shows the price is in a narrow range between 1.0700 and 1.1000 which needs to break on either side. **Weekly Chart** The price movements looks very clear when you move into a weekly timeframe, although the market is moving in a range. There is a ring high formation as of 25Dec2023 weekly candle, which tested the...
Hello Fanatics! Today is NFP, which is usually a low-quality day to be trading. We never know what is going to happen. My tip is to wait for the news release to be out and only then look to flow with whatever the market is showing you. Today, I am just testing this video recording and sharing a quick idea on EURUSD. Based on all the timeframes - we are stuck...
EURUSD Is going up in the near future. The trend is clear to me. I was looking for the best level to enter long, and 1.079 is the perfect place for me to open a swing long. My target is the resistance area at 1.092
The Market is Flying with Optimism after ADP data was better than Forecasted, Services data missed forecasts but Fed Chair Jerome Powell has said that he does not think that inflation is reversing higher. The monthly candle has flipped bullish along with the Weekly candle as price has done a complete 180 from our initial selloff early in the week. Yes, we...
Hello traders, EUR/USD is at a very critical support zone. I say critical because this is the last noticeable support zone. The next support lies far lower at 1.0460. So, at this stage, it would be wise to exercise caution, especially buyers. We can see that price has already gone up by 45+ Pips from the support zone. In the past, there were 2 occasions where...
OANDA:EURUSD has been in bearish trend forming lower highs and lower lows. It can give short opportunity on retracement between fib 50-75% level.
Hello Traders.. In our previous analysis (24hrs ago) we called out Longs/Buys from 1.0732 and price is currently 1.0770, an increase of 40 pips. The Monthly candle pulled down to begin the month and as we enter Wednesday the candle is returning to Break even after dropping 60 pips. The market now treads above the weekly level 1.0765 and will this sustain until the...
Pair : EURUSD ( Euro / U.S Dollar ) Description : Consolidation Phase as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line Break of Structure Completed " 1234 " Impulsive Waves Fibonacci Level - 50.00% / 61.80%
EURUSD hits important support zone at 1.07250. It's a weekly and daily support zone and i expect a reversal here, with a take profits at resistance zone 1.076
The EURUSD has experienced downward pressure, evident on both the daily and 4-hour time frames. Currently, the price is overextended, and I am actively seeking a shorting opportunity if the price retraces around the 50% to 61.8% Fibonacci level. In the video, we delve into price action, analyse the trend, evaluate market structure, and discuss a specific trade...
EURUSD LONG Daily TF Daily TF: 4H TF: 1H TF: Trade to be initiated only when price closes above Blue Sloping TL. Otherwise, Trade should not be initiated. THe pattern formed is deformed Inverse H&S found in Daily TF. Stop Loss should be 25 to 30 pips after initiating the trade or 5 pips below round figure of 1.07