Dollar looking Bullish again after taking out Previous Day's low and having a MSS for a potential run on Buyside Liquidity residing above. What this means Risk ON for Foreign Currency Pairs such as EURUSD, GBPUSD going lower attacking Sellside.
EURUSD
New forecast
The price perfectly fulfills my last idea and price reached to our bullish target +25 pip .
The euro/dollar pair traded positively yesterday, reaching the level of 1.0562, and we notice that the price has clearly lost its positive momentum, and is facing good resistance formed by the 50 moving average at the aforementioned level, which...
Key Resistance Level: This zone marked on chart historically acted as a significant resistance level in the EUR/USD pair. While the overall trend might be upwards, targeting a reversal from this resistance level can be a viable strategy. Price action near this level could trigger a bearish reversal or increased selling pressure.
Overbought Conditions: Assessing...
Trendline retest to hit at D/H4 fib levels. High probability entries confluence with either 25/00 levels or weekly key level w TP to 27 ext. Can possibly go down further to Monthly trendline @ 1.0700.
150 + pip sell setup
I see a double top chart pattern formation on the EURUSD 2hr TF. If price breaks the neckline, i will wait for a retest as confirmation or a strong bearish engulfing candle before i take this trade.
If price pulls back from this support, this could invalidate this trade as marked in the red arrow.
What's your opinion on this trade? like and comment below
EurUsd we are in a downtrend creating HL and LL, now what we expect to happen is to fall to the area 1.20527 where LL will be formed and in that area is also our target.
#107
sell range: 1.21367
Targets: 1.21252- 1.21137- 1.21022
Stop loss The first goal: the profit to loss ratio is 1: 1 (1.21482)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 1.21367(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
