Hi traders, The EURUSD seems to be in wave (b) of Y of a potential double zigzag pattern. . Price is currently retesting a key resistance that lined up with 61.8 FIb ratio, moving averages, and ascending trendline. . Considering that prices have made a double top pattern and bearish rejection candles at the confluence level, the odds strongly favored a sell-off...
Hi Traders, The EURUSD broke a key support level with a text-book five-wave impulse in "i" with an extended wave (5). . A three-wave corrective chart pattern is expected after an impulse move, and the current retracement seems to be unfolding as a zigzag pattern which is most likely to terminate at the swing level that lined up with 38.2-50.0 Fib ratio and moving...
Hi traders, The EURUSD is retesting a broken ascending channel that lined up with 61.8 Fib ratio and moving averages. . This pair seems to have completed a three-wave correction that unfolds as a double zigzag pattern after a text-book five-wave impulse in wave (i) "red." . If this count is correct, the 5-3 wave cycle is almost complete, and a bearish reversal for...
EURUSD is currently on a bearish flag and has 3 possible setups; 2 breaking the flag to the upside and 1breaking to the downside. Setup #1 (Breaking to the upside): - When the market price breaks to the upside and has broken the 1.15000 level, you can enter the following order: - But Stop @ 1.15100 - Stop Loss @ 1.48300 - Take Profit @ 1.16000 ...
eurusd - h4 chart- selling eurusd down to 1.1150 - 1.10 this week
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Respected followers, EURUSD on H4 chart is near to its trend line. When it will reject its trend line which is called support, EUR/USD will go to up. So better to look EUR/USD in bullish way.
EurUsd - Daily - Sell setup. I see price below a weekly supply zone and below daily trend line resistance and a daily resistance level. Sell down to 1.12-1.10
EURUSD the penetrated lower bound on recent price action with the initial legs of a forecasted expanded flat being invalidated. Now we should be looking for the termination of the current flag on successful break of 1.14500 and allow prices to rally north straight into the downward trendline connected from the yearly highs. Price action developments have been...
EURUSD pure price action setup: 1. 50% Fib. Retracement 2. Daily rejection candle 3. 50EMA rejection 4. R/R 1/3 5. based on Daily DXY possible right shoulder
EURUSD was boosted by Mario Draghi's remarks during Monday's session. The European Central Bank (ECB) governor expressed his content with wage growth and inflation but repeated rates may remain low beyond the summer of 2019. The trade tension between the US and China has been dominating the market for some time and it is expected to be the main theme in the Forex...
EurUsd - Daily chart - I see price below a weekly resistance level offering a great short opportunity with a decent 3:1 risk to reward.
EUR/USD weekly overview As i wrote week ago, price came to Key Buy Zone 1.1548. Big players respect such levels. Currency rate made fake broke of that level and moved up. I took only 100 pips from that move. But the most important things is, as you see on chart price can make a retest of that buy level. For this moment i think only about buy on PullBeaks. The...
Recent price action: Bearish Pattern: Potential head and shoulders Long-term momentum: Bearish Short-term momentum: Bullish Bias: Short Action: Stay in the trade until price hits weekly support then close the position. Price needs to correct and find a area of resistance. Only after there is a strong bounce off that level consider taking short positions...