Good Morning London, The H4 is a currently in a bearish cycle, evidenced by the break of structure that took place last week. Yesterday, we saw the market begin to give a bearish continuation to the downside but stalled towards the end of New York. I'm anticipating a bearish continuation this morning based on the following: 30mins BMS with price...
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...
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,...
Pair Name : EUR/USD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break...
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
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....
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
looking at eurusd longs when NY session hits demand below, lots of liquidity to the upside. price is currently tricking sellers
📈🐂 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...
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 is has made a bearish divergence on 1 hourly chart. This could be the potential reversal zone. So I will be waiting for new Lower Lowes and Lower Highs for confirmation of the trend. And I will keep on looking for some good and strong and safe entries. Thanks
With yesterdays inflation report indicating a moderate increase in prices taking (by taking somewhat of a pause) some sectors like food,& shelter however experienced large price increases, hence we can see that inflation is still persisting. exprets predict no cuts in june for interest rates slowing economic growth, higher inflation erodes purchasing power. Im...
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,...
- Based on fib levels - Fib Inverse extention as well as fib extention lines up
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...
Three of the Best MACD Trading Strategies The Moving Average Convergence Divergence (MACD) is more than just a mouthful—it's a versatile trading indicator that has stood the test of time. This article unpacks the intricacies of this indicator and dives deep into three specific strategies that leverage the MACD with other powerful tools like the Stochastic...