The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.1065
• Take Profit Level:...
EURUSD - Intraday - We look to Sell at 1.1137 (stop at 1.1167)
The 161.8% Fibonacci extension is located at 1.1058 from 1.1412 to 1.1193. Continued upward momentum from 1.1027 resulted in the pair posting net daily gains yesterday. Buying posted in Asia. There is no clear indication that the downward move is...
EURUSD - Intraday - We look to Sell at 1.1240 (stop at 1.1270)
Posted Mixed Daily results for the last 10 days. A bullish reverse Head and Shoulders is forming. The medium term bias remains bullish. A Fibonacci confluence area is located at 1.1172. The bias remains mildly bearish but there is scope for a move in...
EURUSD - Intraday - We look to Sell at 1.1238 (stop at 1.1268)
Trades at the lowest level in 4 days. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A bullish reverse Head and Shoulders is forming. The medium term bias remains bullish. Trend line...
EURUSD daily timeframe looking like a nice clear retest of the trendline channel along with a pin bar daily candle. However, we don't want to jump on straight away as we can see a potential descending triangle pattern forming at this daily retest. Looking to go short once this triangle has been broken.
This week we are flying, 4 TPs yesterday, 3 TPs and a trade closed in profit today.
If you are not with us then you are missing out as this special strategy is proving a good one so far and could be a money printer ;p
This week so far we have 50% R.O.I and we have a few trades close to coming live so we will be looking to add to that total before the week is...
according to the daily timeframe this trade is a downwards trend. However, as the trade entry is coming off a very abnormal S/R, there is a small chance the trade can go the opposite way!
does not fully comply with my trading plan but its a Monday so F*** it!
P.S We also got USD news at 1.45PM (UK time)..
EURUSD - Intraday - We look to Sell at 1.1275 (stop at 1.1310)
Trades at the lowest level in 11 days. Trading inside the Daily Ichimoku Cloud. Expect trading to remain mixed and volatile. The 261.8% Fibonacci extension is located at 1.1233 from 1.1412 to 1.1344. Previous resistance at 1.1275 now becomes support. Bespoke...