Right now, we need to pay attention to the support zone near 1.054x area. 1. If the price breaks the support zone, we will look for opportunity to short when there is weak pull back (Highly Likely) -If it really break the support zone, it will be a nice risk/reward trade :) 2. If the price bounces back from the support zone, it might move sideway or bounce back...
The price breaks the support zone around 1.085x and there is a bearish pin bar followed. Time to entry a short position. EP: 1.07248 SL: 1.08553 TP: 1.05441
EURUSD October 24 outlook Let's analyze what will happen on EURUSD, especially on this week. As we can see this pair still in down trend, maybe buy is not a good option trade. If you wanna buy in this pair, use a stoploss and open at right support level. There is two major forex pattern in EURUSD, channel down pattern and descending triangle pattern. At channel...
Short position : 1.1111 Stoploss : 1.1207 (96 pips) Takeprofit : 1.0860 (251 pips) R/r ratio = 1 : 2.61
The situation on the Eurodollar market has not changed significantly, despite the recent volatility. All the time stuck in extended trading sideways around the level of 1.12, which is around 61.8% fibo increases the level of 0.8231 - 1.6038. However, there is thing I would especially like to draw attention. Looking at the graph interval of one month, we note that...
Lower lows on RSI and in price action indicate that this bear flag will break and continue falling until it hits lower level support. For fibonacci traders this is also around the 1.618 area. First stop may be 0.93320 before a final rollover to 0.89.
The pair retested its previous ascending trendline from below, forming a downward trend. - Open SHORT positions from the level 1.1074 with target @ 1.0989 / 85 pips Stop Loss will update soon.
EURUSD on D timeframe looks bearish; however on a lower timeframe period it awaits a corrective wave before the bearish move.
Short-Term Bearish - Potential - Move based on S/R level. Want learning Forex with a professional mentor? Benefit from a live class, every single day? www.imlfx.club
I know a lot have been asking me for my outlook on EUR after last weeks events so instead of getting back to you all individually I thought this idea was the best course of action, do let me know your thoughts and as always your likes are most welcome! SUMMARY: The EURUSD pair bounced slightly during the course of the day on Wednesday, using the 1.1030 level as...
Happy to be back on Tradingview guys, hope you are all enjoying Brexit profits, please continue your support by giving this a like and comment! SUMMARY: The EURUSD-0.60% pair fallen slightly during the course of the day on Friday, broken the 1.1095 level as support. At this point in time, the market is looking bearish . The primary trend of EURUSD-0.60% is...
my prediction on how the eurusd is gonna play out during this week based on technical analysis.
Usually I dont post trade ideas based on shark patterns. The reason is Sharks can complete between 0.886 & 1.13 which makes traders to get confused when to enter. So if you guys have traded sharks successfully & have own set of ratio's : this trade idea is for you only. EURUSD is channeling for sometime and the recent close below our trendline put us on...
I don't really like trading EURUSD but my trend line has been violated with a breakout. you can either enter now or wait for a pullback (pull backs are not guaranteed)
We can make the best of both worlds with this long, short position on the EUR/USD. The first step is to take advantage of the European bank holiday today and the reduced volatility in the down trend by estimating a pull back to fib levels and previous support/resistance levels; this paves the way for our short term buy trade. We are then looking at the bigger...