Downtrend in EURUSD shifting into sideways range- could resolve either way with potential double bottom
Wait for larger move higher to short the market in line with the longer term downtrend
1.172 is a S/R pivot and the 61.8% Fib of the drop from June 14
Wait for drop back towards possible double bottom support for lower-risk counter-trend ...
Eurusd - H4 timeframe - I see an excellent buying oppurtunity for this pair at current levels. I entered this trade around 1.2380s with stops below 1.2320 and tp 1.26. Decent risk to reward ratio of over 3:1.
We have a triple top created on the EUR with great convergence with the RSI respecting a simple resistance at around 60%. If the triple top plays out and still fits my idea after market opening this evening, there is no reason this pair cannot fall to the 1.21500 supply area and further to 1.20711 support. Although we do have to take into consideration the ...
I have entered short today on the EURUSD ( I know not the best idea to enter a positin on a Friday but I'm still learning and I'm testing my aggressiveness )
On the weekly: The market has respected the major structure level now resistance, and the sellers aggressively took over.
RSI: Overbought ...
EUR/USD remains in a 500 pip channel extending from 1.2093 down to 1.1548.
T.D.I. (Traders Dynamic Index) on the higher time frames suggest we are moving lower and a re-test of the 1.1548 low is a possibility.
As the 200 day simple moving average rises to meet the price, the more price is drawn to it.
A projection of 200 sma meets the bottom of the ...