As you can see, the price created equal highs defined as our final target. There are two possible scenarios. Personally, I prefer to see the price move lower once again, and after collecting the sell side liquidity get support from the mean threshold of the order block and the midway of the bullish daily FVG, then we can look for the LTF for entry. It's a...
FX:EURUSD can be seen continuously receiving support in the news and yesterday was no exception. After the announcement of the US interest rate yesterday, the US Consumer Price Index (CPI) remained unchanged in October, contrary to expectations of a 0.1% increase, and the annual rate increased by 3.2%, lower than the 3.7% in the previous month. Core inflation...
Euro remains bullish, today's slight move to the downside has given us an opportunity to LONG. Buy at 1.0540 stops below 1.0530 targets above yesterday's highs of 1.0570. Use proper money management. IYKYK ALGOISREAL
With increased interest rate by 75bps by the ECB , I expect price to bounce up to the highs of 1.0161. My stops are at 0.9898. Use proper money management.
The pair is trading in a sideways triangular area, that doesn't mean it is a golden opportunity to buy , but this is the scenario in which i prefer to go long and target 100% Fibonacci expansion. excluding Job reports some bad figures are showing up in the United states when it comes to industrial and services growth... thus meaning same/slower pace of...
the pair is trading sideways waiting for the ECB decision tomorrow, the triangle is a continuation pattern, meaning more upside is awaiting the Euro dollar pair, 1.0740 was the resistance i was waiting for and apparently it is holding for now, a pullback of wave (e) is then expected , a minor pullback to be precise. good luck buying the pair.
the pair is to bounce to cover 1.1270 gap. if 1.0460 holds and does not close a daily candle under. the euro can recover either by the ECB starting a tightening policy soon or by dxy weakness.
i still consider the recent fall of the Euro Dollar pair corrective and in a 3 wave manner completing 5th wave of C now near 1.1270-1.1255. im looking to long the pair with the Fed meeting tomorrow.
1.15550 is our main target for the short term corrective upward pullback. when the above level is broken we can say that the upside move turned into an impulsive one and we will see higher euro dollar reaching 1.2500 medium- long term. however now I'm looking to buy euro near 1.1360 level which will be a very good support to long the pair again.
Hello Traders, as you can see this is a lovely setup on a weekly chart. a breakout then a clear retest happened. so we are definitely ready to see some push higher for the Euro Dollar, however I'm suggesting a triangular setup that might take the euro in a sideways move before any surge might happen.
Hello Traders, Euro is trading near 161.8% fibo a critical area in which we will be looking to start a pullback higher and to think of long positions. however in terms of Elliott waves we can still have a missing leg towards a double bottom or a minor new low before any reversal might happen.
Hello Traders, EurUsd completed 5 waves down with a potential 3 waves pullback targeting 1.1660 as a first target if broken we might look into a deeper corrective pullback and might change it to an impulsive wave. for now i still prefer longs with respect to 1.1520 stop loss. current wave might be labeled as (b) or (2).
is it time? time for what u may ask... TIME TO LONG EU!!!! In 2021, usd has fell to multiyear lows against aud, cad, gbp, & nzd. Euro, along with ch& jpy, has been lagging TREMENDOUSLY .. & now with the dollar pairs at support across the board and euro showing signs of life in other pairs i truly believe we can see 1.23 again and THE JOURNEY BEGINGS HERE ENTRY...
the pair is finishing an intermediate 5 waves cycle that will label the grand cycle wave 3. the resistance area is expected to start near 1.2260-1.2290. a three waves pullback is expected to retrace and retest previous wave 4 near 1.2060. we will be looking forward to buy the pair again to target new highs finishing wave 5.
Here is a video update for the trade set up's I recently posted for EUR/USD and DXY index. U.S Dollar weakness is strong across the FX market as low-interest rates in the U.S, a negative current account balance, alongside a big fiscal spending package from the Biden's administration from January, is the consensus view across the markets to cause a structural bear...
the pair has been trading in a corrective extended complex wave, the last daily candles shows a change in the momentum, thus implying a bullish scenario ahead. on the daily chart we can see an engulfing pattern as well which indicates a bullish pattern in view. i would long this pair even after we saw a bearish candle in the last hours, from current levels. Good Luck!!!
the exotic pair traded in a side ways ranging market for a long period of time, last week we witnessed a breakout to the upside in which a bullish momentum is gained. a retest was made by the pair during the Asian session today!! and the critical level acted as a great support. a potential bounce can be seen from the current levels or from 1.6505 level. the stop...