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...
EURUSD 4H Short and Long Setup
Critical Level: 1.13676 we will take the refractometer
This is not investment advice
Obviously I do not use sl , adjust according to your own account