There is currently a consolidation ongoing on the EURUSD daily chart and a rejection have been confirmed showing a sign of a strong selloff waiting to happen. We also confirmed a sell trade using the ichimoku indicator as a confirmation on the H1.
its been some time, but I'm glad to be back the trade we can see was one I caught later on, I'm assuming some may have got in a lot earlier.
so for me Price came into an area of strong interest as well, as highs we haven't seen since around 2018, I'm seeing some overall bullish Euro, with a short term sell off to come in the future.
I expect a 5 wave decline or a bearish ending diagonal for the eur/usd starting from today It looks like wave B of C is completed. If price breaks above resistance (RED TRENDLINE) I would consider this analysis invalid but for now I'm bearish.my target is very close to 1.1600
Good morning Traders,
As we can see we have reversed and showing bearish signs, yet we are also seeing exhaustion suggesting to me price action may potentially push up after forming a descending channel that may play out out to the upside indicated by the single black trend line and green directional arrow.
My area of interest has been highlighted if we get...
we have had a continuation of the uptrend, however I am seeing exhaustion within the Euro at least for now! this exhaustion is indicated by the red arrows large upper wick candles suggesting we are potentially seeing early signs of a potential short term reversal, before price continues pushing forward.
The level of interest will be the...
AS Previously shared i was looking at a Buy order set at the highlighted area, Price action indicated to me it was in a low momentum corrective phase and gave me further confidence to set my order and wait, the trade hit my entry at 13:00pm and pushed up as you can see, another precision entry despite price action becoming very aggressive.
As we can see we have had weakness from the dollar, price action has been pushing up very well in favour of the euro,
I've highlighted my area of interest ideal if we have a push down into this area i will be looking for an entry long as illustrated, given if price action confirms the entry.
Alternatively, we may get a break of the lower...
Good morning Traders,
price action is proving resilient and is suggesting it may create a deeper channel, will it complete the channel and push out with a strong bearish close or will it just continue ascending upwards, is the main question I will be asking.
In my view of price action, I see further upside because we still have some buying power within the...
this pair has been stuck in a bit of range for me, although it seems we still have plenty of buyers in the market, this being confirmed by the large bullish candles every time we have a sell off, Price action may potential pierce the top of the 1.14410 area before market close or potentially my do so during the Sunday market open. either way i...
price action pushed up during the Asian session but found some resistance at the 1.3360 level. we have now pushed away taking out the previous low however, given that we have no retraced the 9AM candle, I wouldn't be surprised to see price action move sideways, or even push down and retrace.
who knows, but ill certainly be watching.