On 4h scale, Bearish reversal AB=CD Harmonic pattern has been drawn. Once the trend enters Potentially Reversable Zone (PRZ) and if RSI bearish divergence is also present then it will indicate a Bearish reversal. Also note that vale of C point retracement is 0.706 which is close to ideal 0.707 that corresponds to BC Projection of 1.41. Accordingly Point D has been...
This chart depicts EURUSD with Butterfly Harmonic Bearish Reversal Pattern, indicating reversal of bullish trend at breakout of HL with Sell Stop, Stop Loss and TP 1 & 2.
My analysis for EU aligns with that of GU in terms of directional bias. I expect price to turn bullish from either of my demand points of interest (POIs), aiming to eventually mitigate the major supply zone within two days. This anticipation stems from the expected substantial reaction at the supply zone. While pursuing the buys aligns with a pro-trend approach, I...
EURUSD 1 Hour short Schotastics making a higher high while the chart made a lower low
eurusd sell risk managment and 20-30 pip profit good luck
Shorting opportunity on the theory market ranges 70% of the time. Short now, and aim for 50% target of last bullish leg.
grab it before miss this chance filled sell limit and down GET ready to catch another great trade, Do not miss this chance it will go DOWN minimum 200 pips @@@ Get ready to catch my one of the best trading setup @@@ TELL ME HOW ACCURATE THIS ANALYSIS?????? @@@ Always do your own analysis. My analysis help you only for confirmation. @@@ If you want to give...
Hello all dear traders! EUR/USD fluctuated in a tight channel slightly above 1.0750 early Monday after closing last week in positive territory. The technical picture suggests that the pair could continue to rise in the short term. Speaking of short-term upside: the release of disappointing data from the US has caused the US Dollar (USD) to weaken reinforcing...
The ECB appears to be on track to cut interest rates in June, barring any major surprises, and recent inflation data further strengthens the case for a rate cut ahead. In contrast, the Fed decided to leave interest rates unchanged on Wednesday, citing the FOMC's lack of progress in bringing inflation back to its 2% target. EUR/USD is trading in a fairly wide...
On 1H scale, after Fib 0.382 retracement, the trend is likely to continue in bullish (upward) as still no RSI divergence is observed. My Trade values are depicted on chart.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
BULLISH US DOLLAR FORECAST OANDA:EURUSD - The mighty dollar is back as CPI data impacts policy paths - EURUSD at risk after the ECB laid out the conditions for lowering rates THE MIGHTY DOLLAR IS BACK AS CPI DATA IMPACTS POLICY PATHS The US dollar is back in the FX market following strong CPI data, leading to a reevaluation of the world's reserve...
At the latest policy meeting, the ECB decided to keep interest rates unchanged but left no doubt about its intention to move to more easing. The guidance prompted traders to increase bets that the organization led by Christine Lagarde will launch an easing campaign at the next monetary policy meeting in June. The prospect of the ECB being ahead of the Fed on...
EURO ( OANDA:EURUSD ) ANALYSIS - Flash PMI data provides unflattering US outlook, Europe improves - EURUSD rises after US PMI shock FLASH PMI DATA PROVIDES UNFLATTERING US OUTLOOK, EUROPE IMPROVES German and EU manufacturing remains depressed but encouraging rises in flash services PMI results suggest improvement in Europe. UK manufacturing slumped well...
EURUSD trended lower on Thursday after an unsuccessful attempt to clear the resistance at 1.0725, with prices moving back towards the 1.0700 handle. Traders should closely monitor this support area in the coming days, as a break below it could trigger a pullback towards 1.0645 and potentially even 1.0600. In the event of a bullish reversal from current levels,...
After a subdued performance late last week, the EUR/USD bounced back on Monday, challenging overhead resistance at 1.0725. A successful clearance of this technical barrier could pave the way for a move towards 1.0755. Further strength from this point onwards would shift focus to the 1.0800 handle, where the 50-day and 200-day simple moving averages converge. In...
Eur USD LONG side trade possible after candle close above the resistance level which is draw in chart. Always use SL must. This trade might be a spike momentum candle