Price bounced off key resistance at 1.14040, we have been watching this level over the past few month and it has acted as strong resistance, you can check back on the charts yourself.
We can see continued movement to the downside as far as 1.13078, we do have another key area of interest which could act as temporary support at 1.13423 where we could see a slight ...
EURUSD Potential sell: There has been a lot of consolidation lately, However looking at 1hour time frame chart seems to be a possible bearish movement towards the support line (A) at 1.1371 You can see that it has been consolidating around the resistande and has already hit resistance (B) at 1.1400 about 3 times in the past day so should form pattern and hit ...
complex corrective pattern! since it broke the bottom with wave B than it would make running flat or in this case i believe it will make expanded flat with breaking the top and up to near that red line which will finish the whole structure and big drop will follow. now for making the wave C i have no idea which structure will make to there, so ill take a guess ...
1. The pair has formed and inverted triangle and is following a downward trend
2. The direction of trading is supported by the DXY upward trend
3. There is significant resistance above the current level of trading, both the 50 & 200 EMA are trading above the current price supporting a downward move
EURUSD possible buy opportunity if it comes to support areas located with a continuation to previous high of 1.157. Fibs 0.5 located around support (1.145) too. Break below 1.142 can present with good shorting opportunities. Lets see how this week pans out
As traders, we understand that we can only ever play the probabilities.
For that reason, we want to be able to identify where the high probability trades are presented.
If we can identify an area of the market that is likely to be respected, we can build entry and exit rules around that move and capitalise.
Lots and lots of confluence here and I will be keeping ...
Is EU telling us where it is going to be heading in the year coming? Looking at an On-Trend Continuation in the current area. 61 & 38 Confluence on the 1.15 Mantle, wicks out to the top, Previous Price Reversal Area, 3-4th Loose
hit on the Downtrend line, 100EMA floating across the top. Very nice set-up, possibly for the first half of the year.
Waiting patiently to see if we get the opportunity to enter short for my first chance entry on this H&S pattern on the EURUSD.
Some nice structure trades playing out over this last week particularly on the GBPJPY (see last post). Let it continue.
Good luck in the markets this week guys.
EURUSD before the decrease of 5.25%. STOP level above 1.5011. You should look for a short entry in the exchange rate. Level 1.5011 can be tested. If you have a moment with a candle, you should throw the strategy away. If the current strategy proves to be correct, then the exchange rate may be in front of a larger triple wave. It is assumed that the second wave of ...
eurusd seems to have alot of bearish movements at the moment. when eurusd previously hit the 1.14800 area it dropped by around 250 pips, so will be looking for the same movement here. USD seems to be getting stronger aswell. it is a ranging market so is hard to do any trend analysis on it.