As you can see from our resistance zone ( red box ) price has used this numerous times as support and resistance, this time some bad news pushed price down into this area again but priced bounced in a bullish manor.
We have some USD news coming out in just over 1 hour and the outlook for this news is better than expected for USD so if this comes in as expected we...
Price has been travelling inn an ascending channel marked out in black, price hit the top of the channel recently. We are expecting price to come down to retest the previous higher high to make a lower low at the bottom of the channel.Once price has hit the bottom we are expecting price to then go up to 1.13412 the next resistance point.
we can see this pair broke our resistance line and now its our support line. German Zew economic news releasing tomorrow morning and the forecast may lead this pair to gain more strength towards 1.1400. EURUSD 1.1302
Possible short incoming for EURUSD. Price has remained below both 200 and 50 EMA indicating a short bias. Price has also just reached a resistance line that I had marked on last week, and it looks like it has been rejected so far. We have here a great set up and a tiny stop loss of around 24 pips and take profit of about 130. This makes for an amazing risk:reward...
Possible short position incoming. I correctly predicted price to go up towards the local resistance line, this move has now been completed and price is heading back down again in accordance with the trend line channel. Price has also stayed underneath both the 200 and 50 EMA indicating a short bias. There is a short stop loss with a nice risk reward ratio. Keep an...
We are expecting a bearish short term run on this pairing, as you can see marked out by our arrows that price has touched this trend line more than a 40 year old virgin touches his.... Xbox controller ;p ( I was going to say something else but I don't fancy getting banned just yet ) haha.
Price is currently sitting at this trend line and the current candle has...
A lovely trendline has formed on this 4H chart, you can see yourself where and how many times price has respected it.
Price did recently breakout bullishly and made a good run up... but soon fell sharply back down below our trendline again and carried on with the trend of respecting the TL again.
We can only see price respecting this TL again therefore we are...
Possible big long position incoming on EURUSD. A major pullback has occurred shortly after the break of the trend line to the upside. Price has completed a big pullback to a minor support line which has been indicated on the chart and the price should continue from this support line all the way back up. Will be entering a trade with minor stop loss of 20 pips and...
Here we have 2 charts of the same pairing and timeframe 1 is zoomed out so you can see how strong the support level is, and 1 is zoomed all the way in so you can see how the candles are acting around this level.
We don't really need to talk about the 1st chart because it is clear as day, The 2nd chart you can see that price has really struggled to break and close...
EUR USD finally break box shown in the chart!
We are in this 200 pips range since 31 of November until 11 of Fev. For this reason I have boxed this area and simple replicate for a potential target.
For a entry- I want to see a retest of 1.3000 and a combination of candles showing a bearish engulfing pattern!
Once we have that I do believe Eur usd will present...
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