EURUSD is extending the Channel Down pattern. It has been doing nothing short of declining since the July 18th High.
Based on a 4hour RSI sequence of Cup and Handles, today's decline will price a Lower Low for the Channel Down towards the 1.382 Fibonacci extension.
That will be your buy opportunity to target the 4hour MA50 at 1.05500.
Previous chart:
...
Preferred direction: BUY
Comment: The previous attempt to buy gold at the bottom was unsuccessful and the price failed again. But we also stipulated this and for this we always set a stop. Today the setup is absolutely the same and we can expect an upward correction. The target of our small growth is the area around the 1860 level.
Thank you for like and...
Preferred direction: BUY
Comment: And again we follow the previously outlined plan. Although sellers are strong, this does not prohibit taking potential trades long. Today a news background is expected, which may just trigger another small upward correction. This idea is relevant today.
Thank you for like and share your views!
💬 Description: Aggressive shorts significantly pushed buyers beyond the level of 1900 , thus we are now trading in the short zone. However, it should be noted that the fall is fading and an upward correction can be expected in the near future.
The instrument will most likely update its minimums this week. After this, in the 1860 area, a reversal can be...
FX:EURUSD is forming a retest of resistance of the descending price channel. On the senior timeframe (D1) the preconditions for further sell-offs are forming
The market is in the bear market phase. The resistance retest forms a consolidation of the price below the level, which forms a bearish potential before the further fall. At the moment, the fundamental...
EURUSD / 4H
Hello Traders, welcome back to another market breakdown.
EURUSD has been trading in a down trend, the price has deviated above old highs forming a wedge pattern with 3 touches, which is a reversal pattern.
Safe play would be to wait for the pull-back to previous S/R level showen on the chart.
Trade safely,
Trader Leo.
The USD/JPY exchange rate is continuing to rise towards the 150.00 mark, approaching new highs of the last year in Asian trading on Monday. The pair is supported by the renewed increase in US Treasury bond yields and accommodating comments from the Bank of Japan (BoJ). However, Japanese intervention risks in the foreign exchange market are accumulating. The...
- EUR/USD has been flirting past sessions with broken support trendline,
being faced now as resistance .
Seems more like a decisive time for EUR/USD to make up its mind and
find direction, either gravitated to the upside (1.20) or downside(1.01)
Both scenarios attached below
Market Structure still intact with the series of Higher Lows and Higher Highs.
(Gold...
✅EUR_USD has made a
Rebound from the support of 1.05
Just as I predicted in my
Previous analysis and I am
Now locally bullish biased
And I think that we will
See a further move up
LONG🚀
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hello guys...
as you can see, this pair engulfed the flip area so it is possible to touch the blue area!
but from where?!
the gray area seems suitable for starting an upward movement but still, we need confirmation as well so just watch!
_________________________
always do your research.
If you have any questions, you can write them in the comments below,...
Hello,Traders!
EUR-USD made a nice
Rebound from the horizontal
Support of 1.0498 but the pair
Is in the downtrend and a
Strong horizontal resistance
Of 1.0644 is ahead so I am
Bearish biased and I think
That the pair will retest the
Horizontal support next week
Sell!
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EUR/USD Recovered and gave us enouph pullback if it may resume its bearish trend but from HTF perespective we aree testing strong demand level structure, and i think that EURO will continues its HTF Rally. but i would update if it decides to go bearish as we will have bearish patterns to follow the market.
let me know what you thinkin comment section.
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURUSD pair which is likely to be pushed down by the bears so we will sell!
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EUR/USD as expected did a nice up move after reaching the low point, now at extended levels and intraday pull back down for about 20-30 pips could be in play.
💬Description: As a result of yesterday's trading day, the currency pair closed above the level of 1.35019 , which is a very significant event, especially for buyers. The dollar continues to exert pressure across the board, and with the daily close above this level, this trend for USDCAD will continue. However, most likely, growth is limited and setting targets...
Elsewhere, the euro stood at $1.05625 EURUSD
, down 0.04% so far in Asia after climbing off this week's multi-month low of $1.0488. Investors will be looking ahead to Friday's CPI data out of the euro zone for clues into the state of the bloc's economy.
OANDA:EURUSD SELL 1.0575- 1.0590 ✔️✔️
✔️TP1: 1.0545
✔️TP2: 1.0525
❌SL: 1.0620
#EURUSD
Hello everyone. I would like to see the removal of the Asian high with the potential for a new low of the day (PDL).1D short context confirm, 1h short confirm.
