UnknownUnicorn5346859

UnknownUnicorn5346859

As price reached 1.20 , mentioned in my earlier analysis, we can expect not only a pullback to the bottom of the channel, but also a break of bearish channel. Price bounced of 1.20 price level, 161.9% Fibonacci and resistence line. Also, we got a daily reversal candle. With so many confirmations, it's walk in the park trade. First target is at 1.18 (100 pips from...

UnknownUnicorn5346859 Updated 

Moment of choice for the pair. There are several reasons why we can expect bearish movement. - Hidden bearish divergence on RSI - Bounce of 144 EMA - Bounce of 61.8 fib Always wait for price movement and the break of the triangle. Don't move ahead of the price. When we get candle close below the triangle, it is safe to enter. In case that price breaks up, I am...

UnknownUnicorn5346859 Updated 

I am expecting pair to bounce from the channel and go to a new high at 1.19 Conservative traders enter at 1.1830

UnknownUnicorn5346859

Pair has got to yearly high on Friday and it will lose it's steam before moving again up. There are few factors for that. 1. Price is overextended on RSI (overbought) 2. 161% fib level 3. Yearly resistence line We are now at end of wave 3 and wawe 4 will most likely begin next week. Wave 4 is restracement. It's never too smart to trade wave 4, but to wait for a...

UnknownUnicorn5346859

Like expected in my previos analysis a few days ago, pair is finally breaking 12 years old resistence line. I expect by the end of this year, that pair will reach 1.25 price level. Price is now overextended and it will need to retrace, after which, we will have a serious of oportunities for a long. Chart is very clear and our first target is at 38 fib level,...

UnknownUnicorn5346859

Weekly chart show us many wicks rejections of 144 ema, signaling loss of bullish momentum. 4h chart is at end of triangle, but one more observation is constant pressure on 144 ema, which will most likely break. Target is at 50% fib.

UnknownUnicorn5346859 Updated 

On 4h, we got confirmation in my previos analysis for bearish bounce of previos support. Pair is now at end of triangle, but since it has built bearish type of triangle and we have bearish momentum, downside break is much more likely.

UnknownUnicorn5346859

Pair had got another rejection from zone 1.10 Pullback is expected to 1.0830 Since pair has built bullish pattern, I predict we will get bounce from 1.0830-1.80 zone, where is our current target of this trade.

UnknownUnicorn5346859 Updated 

Pair has lost it's volatility 2 months ago. We periodically experience impuls candle, like yesterday, but those are of less importance while in range area. We can expect by end of month, break of range. Short break is more likely due few factors. - Bearish pattern triangle - Bearish long term trend - Bullish dollar Agressive way of trading is to short it...

UnknownUnicorn5346859

Strong dollar is pushing EUR and GBP down. We see here retest of previous support. If price doesn't manage to break back into range channel, pair will go down to 1.20 again. Place pending order at 1.2195 and play safe. Happy trading! :)

UnknownUnicorn5346859

After my previos analysis for this pair, that projected break up of the falling wedge pattern, we recently had another confirmation of still very bullish momentum.

UnknownUnicorn5346859 Updated 

Pair has formed easily recognisable falling wedge pattern. Retracement was complete at 50% fib. I put very conservative target, but par will most likely go to previos high at 111.60 One more down swing is possible, but a shallow one to previos low. We enter at break of resistence line. Trade is again marked as 2 RR, as usual.

UnknownUnicorn5346859 Updated 

We got many confirmations on deep pair plundge. Head and shoulders, break of trendline, bear flag. If pair manage to break 1.22 , there is nothing to stop it for 600 pips dive all the way to 1.17

UnknownUnicorn5346859 Updated 

EURUSD is steaming to the downside. Previous support was retested and bounced off. www.myfxbook.com www.myfxbook.com www.bull-capital.com

UnknownUnicorn5346859 Updated 

We see clearly one of most distinctive forex pattern, rising wedge. Which is bearish. When we get break of lower trendline, you can enter the market. Target is previos low, as with our previos analysis. bull-capital.com

UnknownUnicorn5346859 Updated 

Pair is still in progress of making falling wedge. We need to see another swing to the downside, to the zone 1.90-1.9020. Also, we are at end of wave 5, marking end of downtrend. Another factor is yearly low and strong support zone. So this scenario is marked under HIGLY LIKELY. Reward is 4 RR. In case that price doesnt reach our zone, we are scraping this...

UnknownUnicorn5346859 Updated 

As described in previos analysis, pair broke bullish falling wedge pattern and moved up. Now we got clear bounce of support zone. After triangle breaks at 1.1070, price will most likely move to 1.1140 and thus earning us another 70 pips. If price fails to break triangle to the upside, we will scrap this scenario. Always be patient and wait until price choose a...

UnknownUnicorn5346859 Updated 

Pair has completed falling wedge pattern and bounced of 1.10 zone. Also strong daily support zone. With break of upper channel, pairs target is 1.12 www.bull-capital.com www.myfxbook.com