BREAK & RETEST OF HIGHLIGHTED ZONE. IN LINE WITH 61.8 FIB. 1:3 RR.
If the DAX regains the trendline in 2020, I will eat my hat!
the price is testing its third time at 38.2 level. also it broke trend line on M15 chart.
Tradingview hides EURUSD absolute low of early 1985. Even Investing.com will not reveal it to you. Investing.com provides a close for 1985 and possibility to draw a trendline. You can see it using Fxtop.com historic chart and then use investing.com to draw that trendline. But that historic trendline runs the way I plotted now - the right end is even slightly...
EU breaks trendline, make a retest, is ranging at fib 0.5...
- Weekly Bearish Channel Trend - Doji candle 4 close at resistance - Strong sign of price reversal at channel resistance - Supporting evedence of downward price movement on on 15 min TF Entery- 1.10152 SL- 1.11099 TP- 106454 (subject to change)
Could the USD lose some momentum with preliminary job-loss claims coming? Expected to see up to 2 million people claiming unemployment for March... The FEDs last move to introduce unlimited QE and buying of corporate bonds could be showing a limited affect.. A short-squeeze could be coming - acting as a retracement for the drop that occurred from 1.1500 I...
Is this the destiny of EURO? Just to let you know, I never trade Forex so my analysis may be totally wrong. Still the economic situation is interesting and we should keep an eye on the EU and it's EURO. The EU has uncertainties all over the place and the EUR looks more and more like a currency predestined to fail. Imagine what the consequences would be for whole...
EURUSD was in a good Run in past day Next possible trade set up should be this in my opinion A retest of broken Resistance and then continue to the upside for a target of 1.15500
EU is at its higher time frames resistance Trade is Risky but as the risk and reward is so good so why not
Higher timeframes are showing EU in an ascending channel pattern Price has consistently pushed upwards and has recently interacted with the channel high parameters Following this trend line bounce, we have seen the previous lows broken cleanly on the micro timeframes If we get a solid close below, I would be looking at trying to get a scalp type entry with a...
Use appropriate risk and trade management
Enter on price action confirmation. Use appropriate risk and trade management
Entering on 4hr price action confirmation. Use appropriate trade and risk management
enter only on price action confirmation and use appropriate risk management and stop loss
1.0775 €916m 1.0820 €1.1bn 1.0900 €501m 1.0915 €712m 1.0925 €558m 1.0955 €970m 12:05:13 (UTC) Thu Feb 27, 2020