EURUSD has been travelling in a large descending channel marked out in blue, price hit the top and on its way back down it has formed another descending channel inside the other channel. Price recently broke below a strong and well held up support zone.
We believe price is going to go back up to the previous support zone which is now resistance and then make its...
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 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...
I am trading a small account and documenting my progress. This is not intended to be a sell signal !
Descending Trend Line Structure on 4H
I am anticipating a pull-back to retest the upper trend line which also coincides with weekly fib level.
Sell Limit - 1.13400
SL - 1.13750
TP - 1.12200
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...
I am demo trading and documenting my progress. This is not intended to be a buy signal !
Decending Trendline Structure on 4H
Possible buy on 1H channel Low up to D
BUY Limit - 1.12500
TP - 1.13000
SL - 1.11900
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...
Entered into a long position with the Aussie Dollar this morning (as per my previous analysis) and knowing EURUSD moves in conjunction the analysis lined up for a long position on this pair also. Stop loss now at break even and looking at shifting it into profit as it reaches the higher levels later today.
EUR/USD jumps by 44 points amid rate hike
As the currency rate was falling the last three weeks in a row, traders used the Federal Funds Rate hike to sell the Dollar and elevate the pair to the 1.1844 level. As long as market sentiment remains predominantly bearish the rate is expected to continue moving in southern direction. As for today, a deep plunge back to...