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...
EURUSD price break a very important resistance zone with an impulsive wave. Wait the pullback near 1.1485, and that's a good entry for long position with Tp:1.156, and Sl under this resistance zone. I setup the stop loss here to 1.146, but I think its ok to set broader, or narrow.
Everyone is speculating EURUSD will take a nose dive. While this may be true, the US Markets are due for a slight pullback before heading lower. This could cause EURUSD to spike temporarily before heading lower. The weekly chart shows a failed head and shoulders pattern, with is a bullish sign. I too believe this pair will continue to fall, however I think it may...