Looks like the EUR is finally out of its 10 months descending wedge, reversing its downtrend. What is helping the EUR finally push out? Could it be the political turmoil in England over Brexit? The US -China -Mexico dispute? None of this truly matter, its already priced in and all we have to do is look for a...
EURUSD has been sitting at the perfect spot technically, supported strongly as price bounces off strong trend line channel made off bottom in October 2000 and June 2001. Connected and then mirrored lower, formed a clear and strong channel, which EURUSD is certainly respecting it to the point. We will see demand in the EUR currency over the summer and trade is...
EURUSD seems to have untested levels. I don't have a trade plan yet but planning to go long as soon as day starts with a proper risk management. I'm going to update this post accordingly.
FYI: 1.1221 is a strong support
And here's the daily chart:
I know this is risky one. I'll give it a try!
This is not financial...
EUR/USD expect long term boom. it is going to uptrend with all next week calendar upcoming events.
What Is an Investor, its a full of answer. An investor isn’t any individual or other entity (for example, a business or mutual fund) who devotes funding using the anticipation of acquiring fiscal yields.
I bought EURUSD at 1.1314
SL is big - 50pips and placed at 1.1263
TP it too big - placed at 1.1516
So RRR - 1:3.99 - very good. Of course i close my position if find reversal pattern. But right now - it good trade to buy.
And after i publisd idea to sell USDCHF - subscribe to my channel :)
I'm adding more to my existing long. This one has 1:5 risk to reward ratio. I'm planning to cover half of my position at 1.13850
Disclaimer: This is not financial advice. Trade at your own risk
Price action's playing out as analyzed last week, so here's a quick one.
Our predominant trend on this time-frame is bearish since we have a series of lower-lows and lower-highs
Price has also hit our daily support zone coloured green
Candlestick patterns at 11/02/19-12:30 showed a possible trend reversal.
Price seems to have completed a wave (i)...
Here on this 4HR chart, we are pretty much back at our support levels on this pair.
While price had been selling off, you can see that volume had also been decreasing. Indicating bears may be running out of steam.
If you look at the RSI, MACD & Stochastic and pair it with current price action, you can see that they are showing bullish hidden divergence as price is...