Hi traders!
EURUSD finally met some real resistance when it touched 1.19 and didn't find the strength to come back. Some drop were bought and it didn't create any momentum.
Great RR trade right here. RSI is in the lower band.
EURUSD SHORT
ENTRY : 1.17701
SL : 1.18424
TP : 1.15749
Stuck in order block.
Trade safe!
Sell below 1.1750. Stop loss at 1.1854. Take profit at 1.1500.
Reason for the trading strategy (technically):
Price has started to show the first signs of a major bearish reversal by breaking out of our ascending channel and testing our major support level. We remain bearish looking to below 1.1750 support (Fibonacci retracement, horizontal overlap support) for...
EUR/USD Short
Stop Loss: 1.18
Target Price: 1.13 - 1.11
Apparent trend change from upward direction to downward direction
Consider support levels at 1.13 & 1.11
Long term 1 year support Levels at 1.04
Sell below 1.1750. Stop loss at 1.1854. Take profit at 1.1500.
Reason for the trading strategy (technically):
Price has started to show the first signs of a major bearish reversal by breaking out of our ascending channel and breaking below our major support level. We remain bearish looking to below 1.1750 support (Fibonacci retracement, horizontal overlap...
Sell below 1.1750. Stop loss at 1.1854. Take profit at 1.1500.
Reason for the trading strategy (technically):
Price has started to show the first signs of a major bearish reversal by breaking out of our ascending channel. However, we prepare to sell only if price manages to close below 1.1750 support (Fibonacci retracement, horizontal overlap support) which...
Following a downtrend on the EURUSD , price has been ranging since January 2015 and formed a triple bottom, which has been validated by the recent break of the neckline. Ideal entry would have been at the close of the weekly candle above the neckline, however, with our long term goal of 1.214 we may still have the opportunity to jump in on this long trade.
I...
Simple price action with wave principle guidance.
The Long position is to complete the 5wave pattern possibly forming. Reaching the near weekly resistance.
The short [/i ] is suggesting the last two waves were corrective (A & B ) and that we are currently forming a C wave to complete the pattern.
possibilities We could also be seeing the start of a new...
Sell below 1.1846. Stop loss at 1.1880. Take profit at 1.1764.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.1846 (multiple Fibonacci extensions, horizontal swing high resistance) and we expect to see an intermediate correction for a drop towards 1.1764 support (Fibonacci retracement, horizontal pullback...
Sell below 1.1846. Stop loss at 1.1880. Take profit at 1.1764.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.1846 (multiple Fibonacci extensions, horizontal swing high resistance) and we expect to see an intermediate correction for a drop towards 1.1764 support (Fibonacci retracement, horizontal pullback...
EUR/USD Near Term Setup for a Short
Price will retest resistance levels from September 2015 upon reaching 2 year highs
If the currency pair continues the pattern shown in the horizontal channel it is likely that it'll fall
Moving average cross over has not confirmed a chance in trend direction as yet. Entry should be made once this is confirmed.
Sell below 1.1760. Stop loss at 1.1798. Take profit at 1.1649.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.1760 (Fibonacci extension, horizontal swing high resistance) and we expect to see a drop from this level to at least 1.1649 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support). It is...
Sell below 1.1715. Stop loss at 1.1750. Take profit at 1.1617.
Reason for the trading strategy (technically):
Price dropped perfectly from our selling area yesterday. We remain bearish looking to sell below 1.1715 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 1.1617 support (Fibonacci extension, horizontal...
Eur/Usd - H4 - still see more upside potential for this pair now that it has broken multiple weekly resistance and also closed above weekly resistance. targets 1.19
On $EURUSD this week, Price has broken through supply and now has some room to run. I would like to see price close above 1.1712 to really confirm this new rize up. This is the new high in the past two years and I think it could go up for a while from a technical analysis approach. The next weekly supply zone bottom is at 1.25 so we have a long way to go before...
