I can say that price is pushing higher and we can buy here. Down trendline is broken.
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These are my expectations on how this pair will act during next week. I will post more accurate setup when the market allows me to do this.
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I have an ascending channel. Price action shows respect to MA and a down trendline so it is support now. If enter now you'll have a better R/R ratio but be very cautious with your SL. I showed the most narow SL possible, so it's for you to decide.
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Eurusd - H4 timeframe - I see an excellent buying oppurtunity for this pair at current levels. I entered this trade around 1.2380s with stops below 1.2320 and tp 1.26. Decent risk to reward ratio of over 3:1.
EUR/USD Formed a harmonic pattern called shark,
It began as shown since 08 Mar. also notes RSI in over bought zone
The chart has multi-target, So we expect the first target will be @1.2408 then 1.2380 and the last target is 1.2360
Good luck,,,
Thank you
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First FX chart.
Seeing what I can take from a technical aspect from crypto over to FX, trying and apply textbook knowledge correctly.
EUR/USD Long Opportunity
Given the way the price action is stuck in a channel travelling upwards and we are getting towards the bottom, after a bearish divergence on the RSI- there is a chance for a strong move upwards...
EURUSD looks forming a descending triangle,
We have to watch carefully the price @ 1.23 (which meets the lower border of the triangle and 0.382 Fibo ret.)
Thank you
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EuroUSD has completed its retracement of 61.8. Now it should try to go touch 1.25 again.
Trying to overcome the selling pressure will be a difficult job, because 1.25 has already proven itself has very strong Resistance point , and similarly 1.225 has proven to be strong support zone.
What happens next , is anyones guess. Deponding upon market sentinment 1.25...
When big players are awaiting something but take longer than expected. This pair isn't doing so much but seems to be going lower.
Have a Good Weekend,
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The pair Euro / Dollar has had a good race up to 1.23$ (per Euro).
Actually it is in a very specific situation:
a) Swing-Trend-Line coming from 2004
b) neckline of the last chart pattern: 3 desending peaks
c) the peak of an ascending triangle
Will it go up and test the upper limit of the trend channel or will it go down?
Indicators:
RSI: strong but not...
EURUSD approaching its resistance at 1.2355 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially see a reaction causing it to fall it its 1st support at 1.2260 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). We have identified a 2nd resistance at 1.2411 (100%...
Hi everyone I see this market going down to min tp 1 or perhaps to tp2 or tp3
this could be a very whippy ride down with some volatility moving it all the up then pushing further down . Lets see how this market pans out but this is a entry I will take when the market opens prob a touch tighter stop ten pip to keep me in the game longer and re enter if I get...
You may have already noticed, 'Risk On' is back. It means we shall have the sell on USD and the pairs such as GU, AU can rise.
But as for EU, it is not so true.
It is mainly due to the fundamental issue of the existence of EURO.
I am expecting this pair go lower and lower, we are in the early stage right now. So, you may want to build your portfolio around...
![EURUSD: EURO Long Opportunity [EUR/USD]](https://s3.tradingview.com/w/wPaKkghk_mid.png "EURO Long Opportunity [EUR/USD]")
