IM JUST NEW AT FOREX just sharing my ideas Thank you!!
Broadening formations are generally bearish for most long-term investors and trend traders since they are characterized by rising volatility without a clear move in a single direction ---- www.investopedia.com Broadening formations occur when a market is experiencing heightened disagreement among investors over the appropriate price of a security over a short...
EurUsd seen on the lowest low on all time-frames, However I've checked reversals and have also been seen on most time-frames for an uptrend reversal. So wait for more reversal(candle, patterns)for a bullish trend Then buy!..Please if you love my ideas support me with a LIKE, FOLLOW and also share your ideas on this particular pair too. Also always apply proper...
EU recently hit a massive support area and recoiled. Expecting a small pull back to gather steam for an upward momentum.
This is how I see it. Price is still likely to drop more 22 to 40 pips but not guaranteed. Eventually price is likely to test quarterly A UP level - May Cam R3 from where it will most likely reverse down. Disclaimer - For educational purposes only. This is no financial advise. Do not risk more what you are able to loose. You are solely responsible for your...
EURUSD goes in line with my expectations posted in the map earlier (pls see related). It reached the upside target on Friday and then collapsed. All minimum targets have been hit, so it can start now wave (y) down to complete huge wave X. The wave (y) = wave (w) hits right in the area of the former low at 1.0636. This will be the target. Wait the pullback and see...
Hey tradomaniacs, this is just meant to be a weekly preparation and shows that EUR/USD is currently right at a significant level. If the Key-Resistance-Zone can`t hold and price breaks through trendline we could get a potential BUY-SIGNAL! If the market rejects of the Key-Resistance and Trendline we could get a potential SELL-SIGNAL! LEAVE A LIKE AND A...
Wait for the retest or a close above the resistance for a long trade for the target of 1.109-1.1100
Taking sell at resistance on EU with good RR
We have to take price action as it is developing. DM qualifier 3 is OK - bearish pre breakout candle with small shadow. If we project its low to close difference it does not reach the trendline. New candle opened with a gap over trendline. Weekly Camarilla R3 is the target for now. That is also where DM breakout projection sends the price. My belief is that the...
The breakdown keeps rolling in. April candle is likely (1 day left) to close below that minor trendline on monthly that we broke. Rejection candles on daily indicate the daily trend breakout failed. If price makes another push it will be to the upper side of quarterly opening range from where we should see a bearish push anyway due to bullish weakness. In fact,...
In my previous post I noted that in cases of contrarian move price will end Fibonacci R1 weekly resistance. Move exhausted itself already. Though DeMark projection sends slightly here - but classic DM projections work only in 60 percent of times. If we do more conservative breakout projection (for the current move) we already outperformed it. The current ongoing...
Bearish engulfing is one of the most reliable trading patterns (along with morning star) and in 80 percent cases generates a bearish reversal. Here, bearish candle engulfed 2 previous days what is rather significant. Price usually pulls back to the middle of bearish engulfing pattern before further drop. That is what we observing on Euro index. We also reached...
EURUSD historical breakdown anatomy. That trendline channel accurately connects historical lows going back to the launching of EURO in 2000. The rest of tools used are static and plot automatically ahead of time. It is remarkable how price responded to those pivot and IB levels. For educational purposes only.
In this post we analyzed the breakdowns (breakouts) of Camarilla S4 R4 yearly pivots, so called yearly floor and roof levels and what impact those rather significant events had on EURUSD weekly chart. As you see, each such breakdown generated violent moves (yellow) that often lasted into the next year. If there S4-R4 violation did not generate such a move it was...