See my previous post entry in the 1.10800 area for more detail. Playing the tops & bottoms of the blue channel. Short term profits will be taken at bottom blue line. Hoping for failure of that area & long term profits at the retest of the purple line.
On Feb.6 support at 1.09910 (red horizontal line) was breached and the pair commenced a strong move down.
In 14 days the pair has reached 1.07780 which is almost a 2% drop.
What struck me is that the move is accompanied perfectly by the SMAs (blue & red) whilst the RSI runs below its median line.
Such move is attributed to the weakness of the...
I know it has been a long and painful wait for the EURUSD buyers. However, things are about to change very soon.
It's very likely that EURUSD will reverse now.
The bottom of the channel is only 30-40 pips away now and if it goes there, I will put my final buy at that point.
Once EURUSD reverses, we are likely to see 1.1150 again in the next 3-4 weeks.
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Price is in Strong Downtrend after it was rejected by a Resistance Trendling of Descending Channel. On current we have a breakout of Ichi Cloud, and if we lose Horizontal support the downtrend will continue.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into...
-On a 4-hour time frame, we can see that the price is at some consolidation on the lower yellow line which we can consider as a support line because there are plenty of rejections.
-On lower time frames such as 1 hour, we can see multiple rejections and now the price is forming bearish candle on a 1-hour time frame.
-On a daily base, EUR is at a...
All eyes are on the EUR/USD again. The reason is that it broke all significant supports and it is under strong and constant selling pressure since the beginning of this month.
Is there a way to tell where this strong downtrend might stop and possibly turn?
Yes, there is! But we need to have a look at higher time frames – weekly or monthly. Why? Because we need...
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The price is approaching a very strong Support/Resistance level,Price is also closing the gap it formed during April 2017,wait for the price to reach the zone and If price gives any bullish signal,look for Buy Opportunity...
Wait for the formation of Bullish Candlestick Pattern to...
The trend is still short but we are seeing some trapping around some high volume areas suggesting we could see some plays long coming soon. We're currently at a daily zone flip with a daily gap sitting underneath. It is possible for price to continue down to fill the gap. Trade accordingly
H4: No harmonics
H1: L3 - price is at 3xARDR and showing...
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...
The technical cross-section**:
A strength of trend: -3
The priority area of transactions: selling
Selling in the area of 1,0840 with a stop above 1,0870 and a profit in area 1,0780.
Selling in the area of 1,0890 with a stop above 1,0920 and a profit in area 1,0830.
The technical cross-section:...