Hey Traders, We back with new update on EU, So what we see here is quite clear and determined our view on chart We expecting more drop on our determined level according to different levels according to it's time-frame, In higher time-frame we are strongly bearish however in lower-frame we can expect price to have correction and ofc we can have trade...
Seeing Euro weakness coupled with USD strength at the start of this week. Think we'll quickly test the 1.09 region so my TP will be just above this, where the falling channel meets support. We're in a downward trend that's supported by fundamental news. There's a lot going on this week but I think it's inevitable that this local trend will continue for a few...
The previous .786 entry got stopped out at much lower prices with a tight stop and now we are showing potential for reversal again at the 1.272 Fibonacci Extension and PCZ of Potential Bearish Butterfly as the RSI goes well above the last overbought reading. Given the scenario, I'd say it's worth trying again with a stop above the next Fibonacci extension.
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis -...
Selling Confluences: 🚫Higher TF Selling Divergence. 🚫Markets Overbought With Choppy Price Action. 🚫Buying LQ Already Taken. 🚫5 Wave Impulse Move Complete.
Hello Traders Last week EUR/USD was moving inside of a bearish channel and then, this week, took the chance of the weakened USD and broke out from it. It seems the bearish movement has been reversed and we should expect some upward corrections. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks...
Past Performance Euro is bearish, and gains on May 26 were turbulent, supportive of sellers. However, with a doji forming and prices trending below $1.0760, there are hints that sellers could press on. Thus far, prices are around last week's lows at $1.0700 and could break lower in spite of today’s gains. #EURUSD Technical Analysis The short-term trend favors...
Past Performance The immediate trend is resoundingly bearish and is apparent in the daily chart. Despite earlier attempts by Euro bulls, gains were quickly reversed as USD pressed on. As it is, there may be more losses today as price action aligns with last week's trend. #EURUSD Technical Analysis The sharp drop on May 24 shows that USD bulls are firmly in...
Past Performance The Euro is dumping hard. From the daily chart, sellers are stepping up their liquidation, forcing the coin. Although yesterday's losses could be climatic, the bar is wide-ranging and defines the upcoming EURUSD price action. As it is, not only can traders target $1.0730 but also set sight on $1.5000 in days ahead. #EURUSD Technical Analysis...
Past Performance The Euro remains under intense selling pressure and is in a bear formation. USD bulls seem to be getting started, looking at the rapidity of the recent sell-off. From the daily chart, the immediate resistance level is at $1.0940 as sellers press on, targeting $1.0730 and $1.0500. #EURUSD Technical Analysis The sell-off continues, and USD bulls...
Past Performance The Euro is disintegrating following the events of last week. With the path defined, sellers can continue looking for entries to unload as they press on, targeting $1.0730. The middle BB caps the upside as a floating resistance level, while $1.100 is a fixed reaction line that must be broken for buyers to push higher. #EURUSD Technical Analysis...
Selling Confluences: 🚫Higher TF Selling Confluence. 🚫Markets Overbought With Choppy Price Action. 🚫Buying LQ Already Taken. 🚫5 Wave Impulse Move Complete.
Past Performance Euro bulls are losing momentum, allowing USD bulls to double down. As it is, EURUSD is within a bearish formation with primary resistance at $1.1100. With prices below the middle BB and 1.0965 broken, sellers can look for entries with targets at 1.0860 and 1.0730 being immediate and medium-term targets. #EURUSD Technical Analysis After sharp...
On this pair, we have a market that is in conflict between two zones, one of supply and one of demand. According to my strategy, both zones are valid for the search for long or short scenarios. At the moment, the market has created a bullish setup that I have highlighted in yellow in the 1.86 zone. The objective will be to wait for the price to reach that zone and...
EURCHF is pushing downwards after the ECB's interest rate hike, with the euro weakness and strength of the Swiss franc considered the ultimate safe haven currency along with the yen. The objective now is to wait for it to drop to the 0.9710-0.9730 zone before considering a long or short scenario. Let me know your thoughts in the comments. Good trading to...
The daily chart seemed to have put in the low for the month of May. Additionally, yesterday's daily candle closed above the daily resistance level of 1.10500 -- as drawn on the chart below. Therefore, for this trade, I'm looking for a BUY after a retest of the broken resistance level for a potential 8:1 reward/risk ratio. A close below 1.10500 would invalidate...
Place a sell stop at the green confirmation zone, let sellers accumulate positions & come down when they're ready. Analysis ONLY valid if price crosses our confirmation zone. Selling Confluences: 🚫Higher TF Selling Confluence. 🚫Markets Overbought With Choppy Price Action. 🚫Buying LQ Already Taken. 🚫5 Wave Impulse Move Complete. Drop a like/follow if you agree...
Hello traders! In my opinion, in short term is pair is buy. The price will make a retest at the 1987.00 level and will also give confirmation for a move up to the 2008.20 level. Be careful and wait for a confirmation! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻