Comments in chart. Additional comments: 20 Monthly Moving Average is now serving as resistance. 200 Weekly Moving Average is now holding the support of price in the weekly chart. Should price action trend continue, should the DAX continue its downtrend, should additional negative economic news come out of the primary countries within the European Union, this...
So here is what I see playing out for the upcoming week with EURUSD, it is my bias and style of trading from the Weekly down to the 15 min chart! If you enjoy this style of trading and want to learn more than please reach out to me and I would love to help, the best places to reach me are below... Contact me: -Instagram: @krystianstreit -Facebook...
I will open buy near 1.1400 because: Key level, price bounced several times from it On daily chart price bounced from key level 1.1300 there is a big probability that price will continue up move to 1.17 in the mid-term perspective. IF this post will get 100 like, I will write when to open a position with entry and exit points.
I will open Buy after a pullback to 1.13357 because I think down move will continue to 1.13357. There will be a long-term buy if D1 will close above Mirror level 1.1433 ONLY. The Picture on H4 timeframe
Rly good opportunity for go long, if price gonna move in proper and decent way, im gonna keep my trades for few more weeks
Last week saw the break of a bear flag. We are now resting on downtrend support. The chart looks heavy at this point. Italian banks have major exposure to Turkey. Also, Italy threatens to drag the EU under. The Italians are not as docile as the Greeks - they do not care for whatever rules Brussels attempts to impose on them. Thus, my next target for capital...
Looking for GBPUSD to retrace a little bit longer. It was well over due after a 250 pip daily close, last time GBPUSD even got close to that was back in January. Either a serious momentum shift or a planned stop run on all long term short sellers of cable. You never know unless we see continuation. I have noted key areas of value on Gu and will be looking for buys...
I will be looking to open a short position on this pairing, for reasons technical and fundamental. I will be watching the non-farm payroll closely to see confirmation for my trade. My technical reasons include; horizontal resistance between 1.146-47 and a potential down-trend line (yet to be seen). My fundamental reasons include; recent warmth in the US/China...
Now we did nice provocation for shorts, MM reloaded their positions Gonna go with 2 trades Maybe we can have 1 more impulse down <3
Simple support try. Let's see if it respects it or breaks through.
As you see, the bearish pattern got formed at 23.6 weekly Fibonacci resistance and 50 EMA, 200 EMA are also above the pattern. On Hotforex charts this weekly pattern looks slightly different but nevertheless NCH identified it as Bear Sash. If you you look at FXCM chart it is a fine Bearish engulfing, very reliable pattern. And on monthly price stalled at lower...
As you see on chart hourly EUR USD above, this pair now waiting for breakout...
I stop loss before (#92) in 1H and then buy suddenly. TP is 100 = 100 Fibo = resistant line
I sell with the LL candle stick. Break MA20 RR at 1.75 approx.
Confirmations: -4h bearish -LL formed on 1h and is now pulling back to the 50% fib level -2 heavy engulfing candles to the downside showing momentum could now be going down -21 MA acting as strong resistance, MA overall showing bearish momentum -Looking like JPY could be strengthening *Don't trade to make your profits back*
This new detail just comfirms our major idea - EU Stock market era is over.
Hello Traders Here my new projections on the all time favorite pair. I don't think you really need anything more than a single trend line to determine entries/exits. Trying to take advantage on an intermediate downtrend formation. As my trend line suggests I am looking to go with this move and short the euro but the point in price will depend largely on the point...
as you can see eurusd is ranging , i'll take position at a break and a good closing candle !