EU is currently making a head and shoulders pattern on the 1H timeframe. It is also at a key level in the market and is making a double top on the 15 min. I already entered for the double top and will look to get 2 more entries at the retests of the Higher Low retests when it breaks those supports. Going to set my SL above those lower highs it makes and ride EU...
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The counter has been rising sharply from the low.
The entire structure looks like a bearish cypher pattern.
We expect the pair to face resistance at the reversal zone marked in the chart and move back to support level.
EU has been bearish last two days trading in a nicely structured downtrend on the 4H. Today price made a higher high then made a lower low but was not by very much, basically making a double bottom. Price then came to the resistance and is currently making the higher low on the 4H starting an uptrend and making bullish market structure. I entered on a higher low...
EUR/USD has seen a significant climb over the past few weeks after it broke to the upside from a descending weekly trend channel. Price has now been testing the monthly sloping resistance zone created from the highs back in May 2008, November 2009, June 2011, April 2014 and February 2018. Over the last two weeks, a tweezer top formation has been created on the...
EU has been pulling back for the last 6 hours and price came up to the lower high on the 1H. Price on the 15min is showing that theres bearish pressure here and a reversal to lineup with the 4hr downtrend is looking likely to happen. Entry was eh, kinda aggressive but I think it will hold. 1 - 3.47RR trade.
Hope this helps!
Comment your thoughts/opinion below!
This should be fun, i mean i have heard nearly every chat up line going but I'm sure a few of you will surprise me haha.
Marked on the charts you can see some key levels, These 3 key levels are at nice round numbers and look how well price respected these levels, is it a coincidence or are key round numbers really the best place to set orders ;p
We could see a...
Currently, EUR/USD is trading at 1.1733. The pair is consolidating in the resistance and support wedges. The pair may start a new downtrend if it breaks the support level at 1.1703, likely the pair may rebound back after touching support levels. If the pair starts a new downtrend, after breaking the support level, then its first target price will be at 1.1509 and...
Hello traders, here is the analysis for EURUSD. Wait for the breakout and a retest. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
You can see marked on the chart with arrows is where price has previously entered my support and resistance zone and bounced therefore making this a very strong area of interest! Already this month price has entered this area and bears have pushed price down 200+ pips, the touch of this zone also happened to come at the 3rd touch of our monthly trendline which if...
EURUSD is trading above the key moving average on the 4H chart, which indicates that the uptrend is intact. The recent pullback is probably a correction rather than a reversal.
As long as price stays above the support area that I have highlighted in my chart, the uptrend is likely to continue.
I will be looking at buy entries between 1.1700-1.1740 support area...
EURUSD pulled back on Friday as USD gained some strength. However, price is still above the crucial 1.17 level, which is the confluence of the support area and the 100H EMA on the 4H chart.
If EURUSD stays above the 1.17 level, then we can expect a continuation of the uptrend.
However, a break below the 1.17 level will be negative for the buyers.
In my previous EURUSD ideas, I have been telling you to buy it since 1.1700 levels and I also mentioned price will reach 1.19 level( see previous idea links attached below)
As you can see, price reached 1.19 level yesterday.
However, it reversed from the 1.19 level...