EURUSD
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β³4 Hour chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
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Detailed analysis π¬
1οΈβ£ Slowing of bullish momentum
2οΈβ£ Equal lows around 1.16100
3οΈβ£ Risk on mode and broad weakness of USD
4οΈβ£ 1.19500 immediate resistance
5οΈβ£ 1.19150 Price got rejected thrice
6οΈβ£ 1.19000 level still holding the bull trend
7οΈβ£ Technical support - Bear
8οΈβ£ Fall back around POC-VOLUME-High volume area Lower trend line
9οΈβ£ October month high(1.18800) -Immediate support
π Weak DXY=Upward pressure- 1.20000 level eyed
#οΈβ£ Overall bullish trend
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π Technical bias-H4-Bearish
Price Above 50,100,200 Exponential moving average
50EMA acting as immediate support,200 EMA will act as resistance
Ichimoku cloud -cloud is still green-Price is above the cloud/Strong support for Bull, Middle line of the cloud=Dynamic support for bull
Bollinger band- Price reached around the upper side of the band, Fall towards lower side of the band around lower trend line was expected
Relative strength index - Reached 55- Around neutral area
MACD -Turned about to turn red and going to cross the signal line, oscillators about to make a cross over
Stochastic - Reached 75- overbought condition medium term fall back expected
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Key reversal area's
1.19000 Key psychological level
1.18850 October month high
1.16085 September low
1.15000 Key psychological level
1.19500 immediate resistance
1.19200 Possible entry- Bear
1.182450 Alternative bullish entry
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Bearish entry #euro #EURUSD
Entry price - 1.19200
Take profit 01 - 1.18700 (50 pips)
Take profit 02 - 1.18250 (95 pips)
π« Stop lose 1.19550 (35 pips)
β¬οΈ 1.8% Drop expected
β€΄οΈ Account growth 0.28 : .80
β Risk reward ratio 1 : 2.75
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β³4 Hour chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ Slowing of bullish momentum
2οΈβ£ Equal lows around 1.16100
3οΈβ£ Risk on mode and broad weakness of USD
4οΈβ£ 1.19500 immediate resistance
5οΈβ£ 1.19150 Price got rejected thrice
6οΈβ£ 1.19000 level still holding the bull trend
7οΈβ£ Technical support - Bear
8οΈβ£ Fall back around POC-VOLUME-High volume area Lower trend line
9οΈβ£ October month high(1.18800) -Immediate support
π Weak DXY=Upward pressure- 1.20000 level eyed
#οΈβ£ Overall bullish trend
βββββ-βοΈββββββ-
π Technical bias-H4-Bearish
Price Above 50,100,200 Exponential moving average
50EMA acting as immediate support,200 EMA will act as resistance
Ichimoku cloud -cloud is still green-Price is above the cloud/Strong support for Bull, Middle line of the cloud=Dynamic support for bull
Bollinger band- Price reached around the upper side of the band, Fall towards lower side of the band around lower trend line was expected
Relative strength index - Reached 55- Around neutral area
MACD -Turned about to turn red and going to cross the signal line, oscillators about to make a cross over
Stochastic - Reached 75- overbought condition medium term fall back expected
βββββ-β³οΈββββββ-
Key reversal area's
1.19000 Key psychological level
1.18850 October month high
1.16085 September low
1.15000 Key psychological level
1.19500 immediate resistance
1.19200 Possible entry- Bear
1.182450 Alternative bullish entry
βββββ-β³οΈββββββ-
Bearish entry #euro #EURUSD
Entry price - 1.19200
Take profit 01 - 1.18700 (50 pips)
Take profit 02 - 1.18250 (95 pips)
π« Stop lose 1.19550 (35 pips)
β¬οΈ 1.8% Drop expected
β€΄οΈ Account growth 0.28 : .80
β Risk reward ratio 1 : 2.75
βββββ-βοΈββββββ-
Push the like button , And cheer up if you found useful