Eurusd has been bearish this month and now we are near the end of bearish divergences, the price has been testing 50ma and consolidating near 50ma, looking at the Macd and Rsi we see the bearish divergences is coming to an End and we may see a strong price movement in bullish direction. good luck
Currently in eu long running 5%. Last trade for the week. Risk of the table. Entered on the lower time frame. A lot of confluence for this trade. Hope everyone had a great week trading!
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all major pairs are extremely oversold or overbought because of DXY bull run euro usd is extremely over sold and broke a very strong support area
next demand zone is 1.180000 which is daily support oe demand zone and market gonna retest the broken support turned resistance
look for buy opportunity on lower time frame and enter long with your own money management...
Speculative sentiment index is around 25% hence our advise is to find only long scalp entries in smaller time frames . Price likely to continue in the 100 pip range (1.2130-1.2250) with a minor support around 1.2100 ( EMA 50 area) . Breaking 1.2250-70 range top will push the price towards the major resistance around 1.2370.
Trend : Range
Signal : Long Scalp in...
With the Fed continuing to keep interest rates low I believe the Euro will continue to gain value. We've been decelerating on the daily chart for 6 weeks now after a nice run up but haven't seen much bearish momentum to get much of a pullback. This looks like more of a short breather before the next leg up.
I have a zone on the monthly chart between 1.175 and...
as we can see the stocks is moving in a strong support an also buying zone area ,so if the stock make a reversal candle from bottom line then we can go for buying after breaking the upper trend line .
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After successful BAT A very big bullish Shark pattern:
Hi folks, hope you are doing good. In my previous article on September 2019 I predicted that soon the balance between Euro and US dollar in the Forex market will be changed. As euro had formed a complete bullish Shark pattern against the US dollar pair.
Before this Shark pattern we can also examine that from...