H4 uptrend structure Broken.Price currently Retesting that Level for poteltial Down movement FX:EURUSD
Just an update from my previous EURUSD analysis. Link down below. Alright, what we saw was an expected bullish movement for wave 5. However, it did not managed to test the resistance level @1.1460 which we was expecting to see. This show us a greater BEARISH potential with the bear currently consolidating strength for a drop in price level. Wave 5 was shorter than...
EURUSD has given a good rally after giving a breakout from symmetrical triangle pattern . As per chart pattern analysis , EURUSD has reached at the top to the rally , from Current levels we might see consolidation or small price retracement towards the downside in EURUSD. one can trade on short side with consideration of consolidation trend and after confirmation...
EURUSD reversed off its resistance at 1.13310 where it could potentially drop further to 1.11802. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
It is simply much more likely a short because the price has been rejected several times in the resistance area. On the chart there is the necessary. In red the resistance area that rejected the growth, in green the support area and the next possible target. Semplicemente e' molto piu probabile uno short siccome il prezzo e' stato rigettato piu' volte in area di...
Wait for this pull back and catch the sell. Nothing more nothing less.
i've opened long positions on CHFJPY, EURJPY & EURCHF, i'm looking to gain upto 1000 pips combined.
Buy now @ 1.13570 TP: 1.14400 SL: 1.13000 Goodluck and All the best!
If you have seen my latest Gold analysis you will know that things have changed quite a bit in regards to my view on the USD dollar. I now must critically evaluate every FIAT currency pair based on this analysis which is a good thing because now we have proper direction. Having now turned bearish on the US Dollar we must now look for the bullish view on the...
** JUST AN IDEA. NOT A SIGNAL ** We can see that there is a downtrend being followed over the course of the past weeks. Momentum looks to swing about 1.13794 where we expect a pullback after a high pressure from buyers. Interesting pair to follow. Thanks for viewing! Please support this idea by liking and leave any comments you wish ✨ Feel free to...
Been waiting for this short set up for a while, It is slowly getting to the area for an ideal sale for me. Only if it gets to that area in a corrective manner will I be placing a trade, If it gets there impulsively I will wait and see what the market will be doing and forecast my trade. Also, looking at the dxy it is slowly recovering from its downtrend and if an...
The EURUSD exited the downstream channel as it did in March so even if the gains do not hold up, there is a high chance that the EURUSD will go up to 1.1450 to the resistance line and only then will decline. The recommendation is Buy with a target of 1.1450
If we look at EURUSD now, we can see a nice BULLISH movement which could be a nice bullish movement up to a strong resistance level @1.1260. From Elliot Wave perspective, what I am seeing now is wave 5 occurring. So when to sell EURUSD? After we see a nice rejection off the resistance level or rejection hinting us wave A forming we can trade the retracement...
EURUSD to reverse from its downside confirmation at 1.12656 where it could potentially drop further to 1.11353 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Currently, EUR/USD is trading at 1.1293. The pair is trading in an up trend from 18th May and now the pair is consolidating after rebounding back from the resistance zone. The pair may start a new down trend if it breaks the support level at 1.1243. The price may consolidate for a longer time to come in a down trend. If it breaks the support level then its first...