EURUSD I hold a short position. There are no new developments compared to my previous EURUSD analysis. In my opinion, EURUSD could build a further downward wave sequence. This is supported by the fact that the current resistance level is the W1ATR50%. This is a very strong weekly resistance level. W1ATR means how far the price movement can go in a week based on...
EU currently has gap slip above and Imbalance below that both need to be filled at some point.
This is creating a mixed bias to me so will currently wait to see what price action forms before looking for a trade as in this situation it is very easy to be burnt.
Yesterday we almost perfectly filled the 1hr imb above the asian range before giving the entry, so...
The market enters this phase after a strong movement. Sellers control buyers, which further leads to a downward trend
2) Down trend
Bearish phase - lower lows and lower highs. This is where traders want to go short on breakouts or from levels
Occurs after a prolonged fall in prices, when buyers gain control of prices, resulting...
A classical example of a big shadow.
Two candle stick formation at an extreme low.
Big shadow candle has a greater range than the previous 10 candles.
Place a buy stop above the the high of the shadow, sl a few pips below the shadow & tp some few pips below the next zone.
After an attempt to break through the resistance of 1.19, the Eurodollar consolidates between it and the support of 1.183,
I think that if the price does not go lower to the support of the global channel, and the retest, plus the global and local trends coincide, then a breakdown of 1.19 and further growth is possible up to 1.20
Eurusd broke out impulsively on the HTF & started to consolidate within symmetrical triangle which price is now at
the bottom moving correctively in descending structure after a bearish impulse move.
Price has broke out the descending wedge and showing continuation correction on the LTF to confirm my bullish bias
My analysis, not trading advice
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURUSD. EURUSD is at a support level. Here we can see a small retesting after that it can touch the main support area that is 1.178
From that we can see a big bounce. Keep in touch we will update further soon.
Here we have 3 confluences to enter a long on EUR/USD, A classic bullish reversal pattern, a re-test of yesterday's low, and divergence on the one higher TF, the 30mins. The target would be yesterday high. A good R:R.
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How to build zones from which impulse movement is most likely to occur?
1) The price is pushed back from the previously built level
2) There is an impulse movement in the other direction
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The most important...