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Entry - 1.08745
TP1 - 1.12264 (Very Conservative)
TP2 - 1.15782
TP3 - 1.18981
SL - 1.07066
Reason: The Price was rejected by Resistance trendline and by pivot point. But overall the falling wedge continues forming and the price might give us a good entry point and Huge...
I would say that the market looks bullish and it is more interesting for buying.
The price reached the support zone formed by SMA50, SMA100, and the uptrend line. We got a bullish candle confirming the price reversal. MACD histogram confirmed the price reversal.
Today, the market tries to move back to the main uptrend line, and probably we will see an attempt...
Here we go...Markets are not expecting a lot from the ECB fundamental front, rates will remain on hold with more focus on the hard macro data tomorrow. The only thing to 🔎today is for clues around duration of policy review.
On the technical side, jurisdictions are defined clearly on both sides as EUR is comfortably holding the 1.108/9x support. The initial...
Hello Traders !
Watch the video. Keep in mind this is just an idea. Follow your trading plan. We could also see a push to the upside but because of the multiply touches I expect a drop.
Let me now in the comment section below your view on EURUSD and what you think about my Analysis.
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Thank you and we will see next time
Here we can see eurusd rejecting breakout to the downside. it has stayed within trend and now have clear confirmation.
We should now see the break in this falling wedge back up to the upside.
Bulls should now come into play
Hi, today we are going to talk about EURUSD and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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The technical cross-section**:
A strength of trend: -2
The priority area of transactions: selling
Buying in the area of 1,1080 with a stop below 1,1040 and a profit in the area of 1,1150.
Buying in the area of 1,1010 with a stop below 1,0980 and a profit in area 1,1080.
Selling in the area of 1,1170 with a stop...
The price rebounded on the 1.10370 Support. Since the pattern is a Channel Down (clear Lower Highs and Lower Lows) today's low is most likely the Lower Low of the structure.
Levels to watch:
- The 4H MA50 has been a Resistance since January 17.
- The RSI hit 29.85 which has been a Support since November 11.
- The 4h MA200 has been a pivot in recent months...
I was waiting for a green candlestick on this uptrend line and it appeared yesterday. The configuration is perfect for a short term reversal at least until 1.1150 which could be my first target. My final target will be 1.1200 but probably that I will close the trade manually around 1.1150.
My stop loss is 1.1060 just below the last lower.
price is bearish but we need to move up to move down natural ebb and flow. to keep in line with the structure we must follow a lower high lower low pattern. here is a possible idea for that structure to play out with positive risk to rewards. Entry isn't given just areas of importance
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information...