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.
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...
A great entry on Sunday on the $EURUSD. Take profit targets 1, 2 and 3 already taken out, as well as a completed continuation trade. Still inhaling the crumbs of more continuation trades down. How much further will it go? Down to the recent lows of 1.1800?
NOT A SIGNAL. Just a quick analysis, what do you guys think?
This was part of a challenge for our course to see how quick we can analyze a currency pair!
Will be moving SL to Entry at 15/20 pips profit.
3 key zones we are giving you here... use them to your advantage ;p
Trading really is not hard like everyone wants you to believe! There are so many things that throw new traders off and 1 of them is coming from the brokers... They post FREE trading content on the internet to confuse new traders so they loose money in the markets, The latest 1 I have heard is...
Short term buy after a retest of this broken resistance now support. if so then this should reach up to major highs and also filling in this rising wedge to then begin to show signs of any reversals. We will only sell once we see price break a few support areas and also this large pattern.
We will be keeping a close eye on this trade and you should also, this is only analysis and not a signal.
As we can see from the chart that price has been respecting our daily trend line ( TL ) for months now with each retest of this TL coming from a bounce off strong support but then breaking this support.
Now price has just recently bounced off another key...
I've done some analysis on EUR/USD any advice is welcome via the comments or via the chat, I think that this is going to be a sell trade but with the view to catching a few pips as a buy as well.
To start this one off the price action is currently at 1.11581, as it is the weekend and trading will commence again on Sunday at 10pm I think that the Price action...
Going short on EU - about 290 pips - Could take Up to 2/3 Weeks to hit TP which is the next support. Hopefully by the 31st of this month which is A friday the TP will be HIT.
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Possible short for EURUSD. Price is still moving below both the 200 EMA and the 50 EMA indicating another short bias. The price has also been recently rejected at a local resistance zone and is heading towards a local support zone. Price action has played a big part within this trade.FX:EURUSD
Possible short position for EURUSD. Price has been clearly moving below both the 200 EMA and the 50 EMA in a smooth downward trend. Price has also been rejected at a local support turned resistance line, indicating a short bias. Tiny stop loss of around 15 pips has been set with an optimistic Take profit of around 100 pips, good Risk to Reward ratio. Keep an eye...