Reasons for entry: - 88.6% fib rejection + pink line rejection - 1.1300 Major psychological level - 2hr bearish engulfing, 1hr evening star - Price is losing moment and beginning to stagnate Entry Timeframe: - 1hr evening star - 1.1289 Stop Loss: @1.1307 (-18pips) Take Profit: Target 1 @1.1250 (+39pips) = Risk/Reward : 1:2.1 Target 2 @1.1200 (+89pips)...
4H chat shows us two key levels of resistance. I am expecting a bounce off either S1 or S2 (as shown on the chart) to re-test the TL in this descending triangle. Confirmation of this trade to enter long would be a bounce either S1 or S2.
EURUSD BREAK DOWN DAILY: - MARKET STRUCTURE IS BEARISH, CAN SEE 2 LHs AND A LL - PRICE IS CURRENTLY AT A 50% RETRACE FROM PREVIOUS LH TO LL - EMA AND MA CURRENTLY BEARISH 4H: - CURRENTLY PRICE HAS MOVED BELOW 4H SUPPORT, WILL CONTINUE TO MONITOR AT THIS TIME, - LOOKING FOR AN ENTRY AT THE RETEST OF THE SUPPORT AREA .
Price can make a pullback up from key buy zone Near 1.1289 is a good place to open buy with low risk Goals 1.1327 and 1.1392
EUR/USD Video overview.
EU now can set buy limit at 1.1250 Check H1 time frame for better entry point and Confirmations. You can go long now. Take care your self.
Still see further downside slide on the cable before the finalization of brexit deal. OInly looking to short on the retest of zone or break of support zone and a retest for reduced risk. Stops are set at 30-45 pips at 0.01 per $100 or 0.10 per $1000. Account leverage set at 1:100
The price broke down a key level 1.1391 and 1-hour candle close under it - that is a good signal that price can continue down move.
Near 109.821 is a good place to open buy with low risk I will open buy if the price will make a Pull back to key level. - Middle - term trend bullish - Price above key level
There is a big chance that price will make a retest of 1.1394 Near that level could be a good buy entry. I will wait for confirmation. If there will be a good entry I will do an update.
Price can make a down move to 1.1394 as a retest of buy zone Near 1.1476 will be the safest place to open Sell with low risk I think that price can move down because of huge absorption on the Daily chart.
Double top seems to have formed on the EURUSD. waiting for a break of support and retest and ride down
Buy near 1.1484 - Bullish momentum - Reaction on yesterday interest decision was that all currencies against US dollar increasing.
Thinking EU will retrace at the very least when it hits this purple trendline.
Quick EU trade im taking last trade of the week