Eurusd sell from that level and tp is 1.1700 and tp2 is 1.1500 and stop loss is 1.1960 Weight of evidence trade : 1 : Trendline resistnace 2: Fibonacci level 3: Daily head and shoulder patter 4 : Previous strong support and resistance level Good luck and trade with care Asad Ullah
EURUSD is going to be a interesting pair for trading. lets see how will the go at the end of triangle pattern
Still consolidating in between, we are looking if EURUSD will breakdown from it's strong resistance.
Most volumes tools won't show you this. If this were natural occurring market volume . We would not see perfectly spaced volume peaks. On average I see peaks every 5 to 6 candles. Ie: 4 hr chart will give you a peak every 5th or 20 hrs. This of course varies depending on the time frame and chart. Each product (forex, stock etc ) will be manipulated to some...
it looks like if eurusd was bouncing on the daily level. Let's see what happens.
Another break-out above resistance here. The EURUSD so far as closed above the resistance zone of 1.08980-1.09090 marked in yellow on the 30 minute chart and looks like it will also close above this zone on the hourly in just a few minutes here. I will be taking a long position on the hourly close assuming it is still above this zone. My consensus is that it will...
We are still watching the E6 closely. There was a false move on Friday. Could this have been the first pump before running? If they push it down Monday or Tuesday the weak longs will get squeezed and bail on their trades. Best to wait for a close outside of the wedge before looking for a trigger.
I have always studied and monitored price action against Fibo levels and providing the markets trend and do not reverse the myth of Fibonacci works for me... Here is a daily chart showing the recently completed ABCD pattern...A - B boundary completed and a C shallow pullback correction formed. This offered an extension target at the 1.618% (1.24978)...notice how...