As previously predicted, EURUSD reached resistance level 1.116 and then began to fall.
I expect the fall to continue to level 1.1
It is best to enter sell after breaking through the support line + sell signal.
Plan : wait for prices to bounce off horizontal resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
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Traders!! if you...
Eyes on the NY session here with Euro approaching the 1.108/9x lows, I will be actively buying today and sticking with the bullish view with targets located at 1.124/5x.
You will see how large hands absorb all of the selling pressure and eat up late breakdown players expected an effortless momentum trade, whereas the reality is the strength of macro forces in...
We are going to dig deeper into the concept of the wave/swing and how to create a positional strategy from a strictly technical sense.
After the latest test of 1.108/9x, which was so difficult for sellers with its positional issues, the next swing should appear "a piece of cake". I suspect this will lead you to ask whether imaginary protection is enough!? Be a...
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: buying
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 1,1170 with a stop below 1,1210 and a profit in area 1,1090.
Selling in the area of 1,1220 with a stop...
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...
Overall, EUR/USD is moving across. Recently, EUR/USD moved lower.
The eurozone final CPI data will be released later at 1800 (SGT).
Final CPI y/y (Forecast: 1.3%, Previous: 1.3%)
Final Core CPI y/y (Forecast: 1.3%, Previous: 1.3%)
If the released data are better than (or worse than) forecasted, euro may strengthen (or weaken) respectively.
EUR/USD’s next support...
Greetings fellow traders,
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
Dashed lines; Possible forming patterns
Solid lines; Confirmed patterns / Support or Resistance
Dotted lines; Possible price-action trajectories / wave trend
Lighten colors = Support | Darken colors =...
The EUR currency weakened against the USD currency. This results in the EURUSD pair likely to continue the bearish trend.
The best way to trade is to follow the bearish trend that is currently starting to form or wait for a correction that is likely to occur a little longer.
pm me for the details.
1. This is not a suggestion to take financial...
With Tuesday candle rejecting 140 and subsequent days with lacklustre buying volume, we might expect a minor retracement.
If 140 gap is not covered and is continuously rejected, we might see JPM retracing back to the 130 level or even lower.