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.
This is what ill be looking for next on the euro/dollar. Price is currently testing 1.19250 daily resistance, if we get a daily close below the next area I will be looking at is 1.19000 where I will look to see how price reacts, & potentially a pullback to the 61.8% fib is likely to make a 3rd touch to the channel bottom.
EOS USD Showing head and shoulders just a day or two ago...and now consolidating and creating a bullish pennant formation... If we can get over the 5.12 area...off to the races Target #1 $6.77 Target #2 $9.42
The US Tax Reform Bill caused a lot of volatility in the market. The EUR/USD pair is continuing to fall lower to complete a Gartley Pattern on the 4 hour chart. As it falls lower, it will to gain strength and bounce off the weekly support level. Once the market breaks this level, it will continue to rise to the weekly high around the 1.209 range.
Signal: Sell Limit 1 - 1.17300 Sell Limit 2 - 1.18600 Take Profit - 1.15050 Stop Loss - 1.21150
Here i have identified a long opportunity on the EUR USD currency pair, with the lower interests rate in the near future for the USD I see the EURO taking full advantage of this situation and achieving some major gains in the next few weeks ahead. I am going to be taking long positions in similar variations to what I have described here on my charts. Happy Trading !!
Hi everyone Eur usd from analysis on the break of lower low and pitchfork lines has shown me we are going down so my if then statement is as such: If this market continues to take out the previous buyers going down then I will set my tp to either the first tp or second depending on how deep we go in the market: I am looking for the euro usd to keep going back...
Entry at 88.6% D Point Completion. Targets 38.2 and 61.8 retracements of CD. Use your own criteria to enter the market
Giving this one last go! all of nothing once again! seemed to work out good on USD/CAD
There are a good triangle and trend line and should see which leg of triangle will be broken soon and then we will go on that way Good Luck! :)
Price has been consolidating above the key area of support highlighted and is testing the upper downward sloping trend line. A breakout of the consolidation pattern clears the way for longs to the next key areas of resistance in the EURUSD.
In the EURUSD, there are 4 signals for falling prices: Reversal pattern on weekly chart (bearish engulfing) CCI breaks 100 from the top RSI turns in the overbought area CoT data with commercials in an extreme
Here we have EURUAD I believe this is one of the best BUY opportunities we have in the market. Weekly bullish convergence with a daily 2 waves retracement towards the 50% level on the convergence move AND the 100% level of the two waves ALL ENDING IN BULLISH DIVERGENCE! What more do you want? We have 2 waves up, two waves down (double-double) so what's next? A...