EURUSD is getting rejected on the 0.618 Fibonacci retracement level of the 14 month consolidation range for 4 straight sessions.
This is bearish enough on its own, but it is also the symmetrical level where the price got rejected on June 22nd 2023 to marginally under the 0.5 Fib.
The 1day RSI patterns between then and now are very similar.
Sell and target...
Hello,Traders!
EUR-USD made a retest
Of the horizontal support
Level of 1.092 while trading
In a local uptrend and
Is going up again already
So I am bullish biased
And I will be expecting
A bullish continuation
Buy!
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EURUSD hit the 0.618 Fibonacci retracement level and got rejected.
This rejection can evolve into a short term bearish reversal, in a symmetric way as the November 29th 2023 did.
Trading Plan:
1. Sell if today's candle closes in red.
Targets:
1. 1.08500 (a little under the 0.382 Fib, as it happened on the December 8th 2023 low, which was contained on the MA50...
My dear subscribers,
My technical analysis for EURUSD is below:
The price is coiling around a solid key level - 1.0921
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0868
My Stop Loss - 1.0949
About Used Indicators:
By the very...
Hello traders ,what do you think about EURUSD ?After the recent upward rally, this currency pair is now approaching the resistance zone, which is expected to see a reversal of the trend and a downward correction in this currency pair.
If this post was useful to you, do not forget to like and comment.❤️
LSE:TIA
UPDATE
LSE:TIA has breaked the main Falling Wedge Pattern. And retfir a good Bullish wave. In this move we can see gain upto 40%+ soon✍
#TIA #TIAUSDT #CRYPTO #BNB #BTC #TIABTC
EURUSD has turned bullish on the 1D timeframe (RSI = 62.360, MACD = 0.002, ADX = 55.342) but on the 4H chart it has started the bearish leg of the 1 month Channel Up. There is still time to sell and target the 0.5 Fibonacci level on a -0.85% decline from the top (TP = 1.08870), like the bearish wave after the Feb 22nd top.
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EURUSD has reacted off the resistance and could potentially fall to support.
Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level
Pivot: 1.0994
Support: 1.0873
Resistance: 1.1120
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
Key technical levels and confirmation strategies to watch
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Understanding the Ascending Triangle
An...
FX:EURUSD is in the phase of a local uptrend. The reason is the decline in the dollar index on the background of weak fundamental policy. The target in this case is the 1.100 liquids area
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EURUSD / 4H
Hello Traders, welcome back to another market breakdown.
EURUSD has been trading in a trading range, the price seems to bounce from the low of the range, expecting the highs to be visited again. I'll wait for the previous S/L level to ride this leg up.
Trade safely,
Trader Leo.
hello everybody...
as you can see the mid-term trendline broke and eurusd became bullish! I think in a lower time frame this pair is making a double bottom pattern in the flip area! therefore if the the price breaks up the neckline you can get a long position there!
target1= 1.08984
target2= 1.09318
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💻📞☎️ always do your...
Yesterday I wrote about a trend change and today we have a BoS already. Looking for a cooldown to enter a long trade with a 1.1 target price. Keeping in mind that we hadn't reached upper POC zone yet, so I'm still off market and monitoring.
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