Market closed at a multi-year high last week as the bullish sentiment in the euro continues and dollar weakness persists. Price completed a bearish butterfly harmonic at the 1.2250 quarter point and I expect a slight retracement to the broken resistance to establish newfound support for another bullish impulse to the 1.25 quarter point.
Risck: -45 pips Profit: +23 pips Profit/ risck ratio: +51,11% Theoric probability: >70% Actual probability: 83,33% ( 5 out of 6 trades ) Total profit: 254 pips
Risck: -45 pips Profit: +23 pips Profit/ risck ratio: +51,11% Theoric probability: >70% Actual probability: 83,33% ( 5 out of 6 trades ) Total profit: 254 pips
Trade with >70%: buy @ 1,1215 stop-loss 1,2170
Trade with >70%: buy @ 1,122.. stop-loss 1,2170
It seems EURUSD has broken up with force, this is a good R/R trade.
Resistance: Potential double top
Good Morning Traders. Euro setup for short. just need 2 find right entry point. we getting into supply zone. Drive safe
Good Morning Traders. Euro hit's major Line of support\resistance. Rsi read is Bullish, But late Sellers can drop it to 61.8% retrace. Drive safe.
Some time ago I explained why I believe in weaker US dollar, but the EURUSD had other plans at that time. Right now I still believe in the same idea, just in a broader term. In addition to the technical analysis, I see also some fundamentals to support weaker US Dollar: -- Fed rate hike did not bring a boost in US Dollar as many forecasted. I find interesting an...
We published 2 days ago about a bearish harmonic pattern, our vision 100% was right, and we advised short term traders to sell. -LINKED- After that, we noticed a declining channel and we advised traders to take this opportunity and go long if the price breaks the channel up, and we succeeded this time too. now in 15 mins frame, we noticed a pennant pattern had...
Support 1 at 0.835 EUR. If the support breaks next Support 2 at 0.785 EUR. Resistance at 0.8725 EUR. Let's see what happens. Happy trading. :-)
Looking at the weekly chart, EUR/USD is currently hitting some strong resistance. It is tapping previous support from 2010 & 2012. The last time it was above 1.22 was the end of 2014. It been in a downtrend on the weekly timeframe since hitting highs of 1.60 in 2008 and has been unable to get out of since, that was 10 years ago......... I do believe there could be...
EURUSD formed a deep crab harmonic pattern it's coincidence touched the highest top since September 7 2017 enter point: 1.20650 Stop loss: 1.20950 Targets are levels but our target now will be: 1.19570 Thank you ----------------------------------------------- Do not read and leave .... Like, Comment and Follow ,,,, its' so easy :)
This post is a follow-up on the previously posted "EUR/USD - Medium-Term Bullish - Long-Term Bearish - End of Cycle" . See Related Ideas on that post for more of my predictions on EURUSD . EURUSD completed Intermediate (4) (green) and also started the 1st Impulse towards Intermediate (5) (green). After a pull-back towards 1.1820 or 1.1800 Levels , I...
FX:EURUSD Euro Finally Broke out of the Consolidation Regions of 1.1700-1.1800 and Is set to Make Higher Highs on its Bull Run in 2018. On an 1h Timeframe we are seeing some Channel Resistance keeping Price Tame. More Recently, we have had a 1H Bearish Closure below the 6 EMA Showing some Bearish Actions. I will be Looking for longs around 1.1925 or at the...
My bearish channel is broken with a lot of strength today and I think bulls are on control Look for this wave this week Best of luck