Price is still under the 200 EMA on Daily.
Completion of harmonic pattern would suggest price to now go short.
Price is in an overbought area on the RSI.
Expecting price to test the resistance trend line before continuing its downward trend.
two resistance lines first broken with ease second should be straight forward after price retraces as it does.
could a fake breakout and price descends back below first res (less likely to be false)
The exchange rate is moving in a fairly regular upward wave. The sequences are well identifiable. The ascending sequence is 1-1-2 and the correction sequence is 2-1. In case this regularity lasts for a few days. the exchange rate may rise to 1.12067. You can also see that the current level is suitable for taking a long position.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.109.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.114.
TP4: R2=1.116.
Set the stoploss of these orders at breakout of S2=1.108.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
hey traders,
this week is very very bullish for EURUSD .
If you analyze price action on a daily tf
you may notice than we haven't seen a pullback for quite a while.
Yesterdays, pair has reached key level of resistance 1.113 and, for now, buyers do not push the market higher.
I believe that there is a high chance to see a...
As you know, I have maintained a bearish bias on this pair for a LONG time now.
Expecting a move down to 1.040.
Here is an opportunity to short from a higher time frame perspective.
Following the new low, we have a pull back into structure, a test of the EMA zone, a test of the 50 EMA, deceleration and a Doji signal for orders.
Nice reward to risk on this one...
Today is important. So is tomorrow. This market has been in a steady downtrend for some time now, with regular oscillations indicative of healthy profit taking activity. Both the US and European markets are going through turbulent times manifesting in US/China trade talks, calls for impeachment over alleged improper presidential activities and last minute...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1055.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1105.
TP4: R2=1.113.
Set the stoploss of these orders at breakout of S2=1.104.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EURUSD - Intraday - We look to Buy at 1.0924 (stop at 1.0894)
Broke the sequence of 2 negative daily performances. Bespoke resistance is located at 1.1026. The previous swing high is located at 1.1024. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. A break of bespoke resistance at 1.0960, and the move...
The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.
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