FX:EURUSD is forming a correction after a false breakdown. The movement is formed after updating the local highs. The fundamental background for the currency pair is positive. The false breakout occurs against the resistance at 1.0885, as well as the rising line limiting the trend. If the fundamental background persists, in this case the correction will not...
EUUSD, price have been bullish since dxy has been dropping, after looking at the price behaviour and volume. We can expect price to continue to rise and create a new higher high. Use accurate risk management while taking the idea.
EURUSD is moving in an ascending channel under the trend line. The price has reached the resistance level, during testing of which it formed a doji indicating uncertainty. The chart is moving from the upper boundary of the channel. We expect the correction to continue. ------------------- Share your opinion in the comments and support the idea with like....
Hi traders, Last week EU went higher then I thought so I had to adjust the wavecount. The D-leg has now finished so this pair could drop. If this analysis is correct we could see a drop to finish the E-leg and after that a big upmove. Trade idea: Wait for a change in orderflow to bearish and trade sells after the finish of a correction up on a lower...
We are expecting price to come back to our supply zone so we can execute our sell orders
Hi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price some time ago declined to support 2, which coincided with the support zone and at once rebounded up. EUR some time traded near this level and later broke it, after which reached the trend line. After this, the price rebounded and started to grow inside the wedge,...
looking at eurusd longs when NY session hits demand below, lots of liquidity to the upside. price is currently tricking sellers
Following the recent news release, the market experienced a decline, breaking through the triangle pattern and moving towards new lows. FX:EURUSD is currently forming a complex pullback from the resistance zone, with the price approaching the strong support level. Notably, the level has been tested twice before, only to be met with strong resistance. If the...
i personally think that the price should hit 1.05750-1.05000 before it goes up to 1.15000 so here is my idea: this massive upward movement is a wave C of a flat correction. this c takes form of a motive wave (impulse), it's a trap for e.w trader that will assume that this is the new trend upward
URUSD broke structure, there could be another sell opportunity on the pull back or retest!
Qml on 4hrs collecting orders then we anticipate a big rally
My dear friends, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0867 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clearshort signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.0806 Recommended Stop Loss - 1.0900 About Used...
📈🐂 EURUSD Analysis 🐻📉 🔍 Currently, EURUSD finds itself at a crossroads, caught between two vital daily structures. Looking ahead to next week's potential moves, here are two scenarios to watch: 1️⃣ Bullish Outlook: If the market breaks the trendline and seals the deal with a solid close above a hefty resistance line forming a substantial falling wedge on the...
We will enter a buy position for EUR/USD in the short term, targeting the ascending channel's resistance trendline. Upon hitting the resistance and showing a bearish rejection, we will switch to a sell position for the long term.
- Based on fib levels - Fib Inverse extention as well as fib extention lines up
Candlestick Wick Meaning and Trading Strategies Understanding the subtle cues provided by candle wicks can unlock new dimensions in trading strategy development. These seemingly minor details offer profound insights into market sentiment and price action dynamics. This article delves into the meaning behind candle wicks and explores strategic ways to trade them,...
Yesterday, spurred by weak economic data and unfavorable CPI data, the U.S. dollar index fell sharply. After today's slight rebound, I think the US dollar index has stabilized. Why do you say this? The reason is that the U.S. dollar index simply cannot continue to fall! If the U.S. dollar really falls, the chain reaction will be completely unbearable for the U.S....
Based on the m15 chart analysis, we can see that the price is rising toward our sell entry at 11.0878, which is an overlap resistance. Our take profit will be at 1.0855, a pullback support level. The stop loss will be placed at 1.0878, above the resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may...