Euro is finally showing a proper strength against Dollar. It broke out the Trading Range with a strong momentum and a decent volume. The retracement should visit the Demand OB first and then, the upward movement to the Supply OB shall continue. Entry: 1.106 SL: 1.098 TP-1: 1.118 TP-2: 1.124 R/R: 2.25 Please let me know if you have any suggestions or any...
We broke up the trend line and bounced from it, I think we can grow
Euro got back in the Trading Range against Dollar. A consolidation just above the Lower Range and then a touch to the Supply OB might cause the next downtrend. Until then, shorting seems as much risky as longing. Waiting for the right opportunity. Entry: 1.0990 SL: 1.1031 TP-1: 1.0927 TP-2: 1.0876 R/R: 2.78 Please let me know if you have any suggestions or...
EDIT: GRRR.. dunno why charting is coming up all messed up in publication: ^ chart above -- volume surge / RSI confirms bullish parabolic analysis. Great opportunity for EURO esp. with Boris Johnson's hard brexit looming around the corner -- if you're a patient man/woman; I'd highly recommend this entry as it will def. be a considerable amount of time...
Hello traders, As expected, the pair broke the previous support at 1.09 today and resumed the bear trend printing a new YTD level around 1.0880. German retail sales and inflation data disappointed, which fueled the move. In my opinion, those economic figures did nothing more than speeding up the move which was going to happen anyway according to...
The price didn't manage to break up the resistance and now testing the support zone. I will long the bounce from it.
Price contraction has been finished and probable good economic reports are ahead.
I keep it until Thursday 12.09.2019.
After formation of BAT pattern priceline of Euro / US Dollar famous forex trading pair has formed another harmonic bullish Cypher pattern and entered in PRZ area to hit the sell targets soon insha Allah. Even thought B leg is retraced upto 0.307 rather than 0.382 fibonacci but rest of the pattern is behaving as required perfect cypher therefore I am ignoring this...
After printing a new low near 1.0925, the Euro found enough buyers to recover above the 1.10 level and is now trading near the first resistance at 1.1040 which is the 23.6% Fibo retracement of the latest decline. Also, looking at the recent candles, the recovery doesn't seem to have ended but is also facing critical resistance near 1.1060 and a potential big...
the dollar is weak so we could push up to test the trend line ..
lets see what happens... eurozone looking bad
So there is positive news at 1 and 2 am PDT so I’m planning for a ride in the EURO to the second resistance line, because of the structures being set up. I’m setting a buy limit on the middle price and take profit on the top price and a stop limit at the lowest price.
going for the scalp TP at end of arrow zone SL is a run thru the triangle zone -_-
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1225. TP4: R2=1.1245. Set the stoploss of these orders at breakout of S2=1.114. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Hi again, First time doing Fiat Analysis, but why not? :P it;s the same for all charts so, i believe it's a good time to start moving around to some interesting Charts. So, again, this is only presentation. Ill be working with this one in larger time frames because it's a lot different from cryptos and it does not have the same volatility. It moves all...