on DAILY: EURUSD is sitting around a strong support/resistance zone so we will be looking for objective sell setups on lower timeframes
on M30: price is forming a channel in orange, so we are waiting for a new swing to form around our lower orange channel and then sell on its break downward.
we also have divergence on MACD adding more confluence to our sell setup
EURUSD - Intraday - Bullish Triangle Flag Pattern - H1 - Buy
We had a bullish breakout on the H4 triangle Pattern this shows us the strength of
the market that is controlled by the Bulls until we have a reversal.
We are looking for a Long trade @ the Breakout of the Flag pattern on the H1 chart.
Our target will be @ the 2.272 Fibonacci Extension...
Pattern: Channel Down on 1D.
Signal: Bearish as the price entered the Sell Zone (red rectangle) of the pattern and is still below the 1D MA200 (hasn't been crossed since March 30). Also the RSI is on its 2 month Resistance.
Target: 1.08200 short-term (the Higher Low blue dotted trend-line) and 1.07000 medium-term (top of the Buy Zone of the pattern).
**...
The above charts are of the EURUSD. The left chart shows the daily time frame. Here the currency pair is above its black 20-day SMA and the SMA is heading up. Moreover, the daily RSI is on the bullish side of 50 (green rectangle). The right chart shows the hourly time frame. Here the EMAs are bullish and are showing angle and separation, with the short-term RSI...
You will learn the best place where we can trade EUR/USD at low risk.
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P.S. I personally will open entry if the price will show it according to my...
EURUSD DAILY CHART
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Hello, guys, there are a simple and intersting position to entry here, this is a pure manipulation of institucionals so what we need to look the divergence, this is an example of short position!!!
Price approaching short-term resistance level but volume is relatively low and other momentum indicators are quiet, although kijun-sen and SSL both crossed over on yesterday's large up candle. Waiting for today's price close to possibly enter short. i.imgur.com
EURUSD H4 CHART
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EURUSD - H4 - Triangle Buy on Support or after Breakout
We are waiting for a breakout, EURUSD is in a Range between 1.10 and 1.08.
We want a bullish trendline breakout with a pullback on the Fibonacci 0.382 Level @ 1.0890 to open a BUY trade.
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Entry: 1.0890 | Stoploss: 1.0825 | Takeprofit: 1.1020...
Hi traders,
The EUR/USD pair lacked direction during this trading week but is likely going to close slightly higher. The recent push to the upside was fueled by weaker-than-expected US retail sales, which came in -16.4% vs -12% expected.
The economic surprise index is still quite low for the US dollar, with a score of 3 out of 10, while positioning remains...
Hello dear subscribers!
In the previous chart for this currency varu,
the price rose precisely to the desired target.
At the moment, the price will be subject to volatility.
If you bought a currency at the support level,
then do not rush to immediately sell it,
the price will reach a key level.
Good luck to you.
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OANDA:EURUSD
Potential LONG for EURUSD??
I'm looking for a potential long if we can break and close above key resistance at 1.08134
We are testing this level now.
If we close above, this is likely my next trade:
ENTRY - 1.08142
Take Profit - 1.08514
Stop Loss - 1.07966
Risk : Reward - 1 : 2.79
I'm waiting to clear this level because I want confirmation...
As you can see from the chart, MFI in the daily timeframe has a huge divergence.
I think the bearish movement is over, we shall see 1.10 soon as bears are losing their selling power.
