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...
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...
Currently price is consolidating my zone and in the one hour price has formed a double top.
How I will be entering:
-Upon the next successful bearish candle I will enter on the close
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...
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...
Could see a huge reversal here with the possibility of brexit not passing through parliment, lining up with an alternative view of the daily chart bearish channel. Could be a huge mid month reversal.
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
with EURUSD being bearish for the month of September and starting on strong into October we are now at the point were our mid monthly reversals occur and we could have big one on our hands with the pair being on a resistance on the daily and 4Hr lets see how this one plays out
For EURUSD I'm looking for selling opportunities as all timeframes show bearish signals. Looking for a reversal on daily supply zone and wait for a bearish candle to enter the market. Profit target can be set on fib level -0.278%. Let's see what happens at the end of the week.
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.
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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