View On EUR/USD (28 Oct 2020) There are 2 things that causing the sell down. (1) No Stimulus news (so far) causes the Risk Off = Rush to USD (2) Covid situations in the Euro zone are getting worse. It can swing lower to 1.170 easily soon. DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading. Whatever method you use if...
Top of current multi-week trend (major) .786 fib of current retracement (major) Rsi divergence (major) Double top? (major) Democrats win more than expected (major) .618 of previous multi-week trend(minor) .382 of 2016 fib (minor)
as we see the price has reached to the bottom of the descending channel and if the rejection happens then it's time to buy it .
I expect eur/usd to move very similar to how i have charted it out here, with a pullback then trend continuation. Final post! been a great 100 trades thousands of pips made! hope ive helped along the way! thanks for your support
Hi guys! 👋🏻 🔔 EURUSD continues to move within the uptrend channel. The movement from October 15 was impulsive, therefore it makes sense to wait for a further upward movement. 🔔 At this stage, in my opinion, one should wait for the break out from the symmetrical triangle, which in turn foreshadows the end of the correction, and open a long. 🔔 If the price breaks...
E.U successfully overcomed the challenge of coronavirus unpredictable first strike. Even with the threat of italy and spain leaving the union, E.U stand united and finded the soloutin. That win against the pandemic gived faith to the investors who remained stand by the europeans. Also the elections of november for the next US president, the black live matters...
92.86 DXY WILL likely be the high look for reversal in euro/usd any time now.
Longs open @ 1.17380 / SL @ 1.17220 / TP 1 - 1.17600 / TP 2 - 1.17800 / TP 3 - 1.1800 / TP 4 - 1.18500
K long and short plan, can get rejected at Declining MA so watch for that and go for the short goal if it does dump
After gapping down at the weekly open, the Euro tested 1.18300 (last weeks high) after a FBO of the consolidation range (1.18100-1.18200). The market then dropped into the 4 hourly support region (1.17800-1.1800) and has retraced to the lower end of our initial consolidation range (1.18100-1.18150). According to our fibonacci wave count, a rejection of this...
If we can see at Weekly Time frame EURUSD has 3 Pin Pattern and price possibly going down to make some correction. But at Daily it breaks the trendline and going to Supply Area but the main trendline actualy already broken.
last trade for me for the week, just time to cash in. eur/usd hourly uptrend to start very soon
Hello dear ones! My view before the weekend for the EURUSD. I think that so close to the US election, the situation for the EURO against the USD is more optimistic than it is in reality. But anyway, uncertainty is not appreciated by investors, and the majority of them do not like the upcoming US election and who will be the next US president. In my opinion,...
The pair is still trading inside the long term downtrend channel as shown. As long as the prices stay inside the channel we may expect the Long Term target may be below parity. Only breaking and sustain trading well above the upper trend line may save Euro from all time low.
This is just my views on how eur/usd trend is looking. i base my decisions based of these timeframes as it makes you alot more accurate, aswell as entering you potentially in trending markets. DXY could be ranging between 94.6 and 92. the dxy is good to find your entrys on eur/usd, because if you flip dxy chart upside down, its the exact same chart as i have...
always good to have multiple set ups, remember the most important thing in trading is risk management, know how much you are risking per trade then just focus on good set ups, with good r/r. you will soon see good results
Hello everyone, As you look on the chart above, a negative picture for the pair is being favorable for the following reasons: 1- Broke below the uptrend line that has been intact since May. 2- Broke below the 20 SMA. 3- Hit the 50 SMA for the first time since May. Initial target is at 1.1690 and even deeper at 1.1495 March high. Good luck