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Analysis of #EURUSD
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Strategy: Bullish GARTLEY With potential Max over R/R 2.00
As long as trading is conducted above the range of 1.1854, you can expect the EUR/USD to continue growing to the resistance area of 1.1905, where I recommend taking the profits. However, A consolidation above 1.1905 will open a direct road to the highs of 1.1949 and 1.2010 ( One more Time possible to hit 1.2000$ before big correction downside coming monthly) If...
okay this is the M15 once the market opens it probably going to continuing the down movement hopefully with a gape then once it reach the area of 1.12074 i will be looking for a buy with a target price of 1.12575 but if thw worst case scenario happens i will still be looking for a buy at the price of 1.11964 with the same TP
Technical Market Outlook:
The EUR/USD pair has tested the lower level of the support range located at 1.1165 and bounced towards the short-term trend line resistance located around the level of 1.1265. Pair Remain in sideways to bulls side we expecting to test the nearest technical resistance 1.1325 if price break above 1.1325 we could see another Resistance...
Dear Traders, it's been a very good week for the EURUSD buyers. For the last two weeks, I have been suggesting you to keep buying the dips in EURUSD. This week finally I have managed to close all my trades in EURUSD with good profits.( My plan was to keep buying the dips between 1.0780-1.0880, analysis attached below)
Now that the buys have been closed, how to...
Possible buy for EURUSD
- Recently hit long term support trend line (long bias)
- Moving within parallel trend line channel and hit support zone (long bias)
- Bounced support trend line at least 3 times (validates long bias)
- Also hit local horizontal support zone (long bias)
- Price also moving slowly above both 200 EMA and 50 EMA (long bias)
Stop loss set at...
The D chart of EUR/USD has formed FULL ELLIOT wave pattern.
The pair is currently making corrective waves in super cycle as well as cycle.
More likely 'B' corrective wave will take the support at critical zone and then would move up again for the 'c' corrective wave.
If the critical support broken, then there will be chance of flat correction waves as...
Buy now or buy limit at level Fibo 0.165 and pale TP at level Fibo -2618
then you can place sell limit at 1.7000 with target 1.5200
Sorry for late post in USA regional.. You can see my analysis at Indonesian Regional...