EURUSD has engaged in a long term sell after hovering around 1.16670 for the past week. Price formed a triple top on the 4H and rejected the 200ema on that timeframe multiple times as well. This trade was taken on Oct. 25th at 9am GMT.
Hello traders, our trade is going on as planned, however with the current outlook on the EURUSD, it seems a double top is forming on the H4 TF (more visible on the H1 and H2 TF). This could mean buyers should be cautious or lock in some pips on the long trade.
The 1.16400 is an important price to be monitored. If bulls are unable to push below this price, then we...
I'm bearish EurUsd since the beginning of September when the pair was trading at 1.19 and was arguing at that time that in the medium-term we can have a fall to 1.14 zone support.
Since then, the pair has dropped 300 pips and now looks ready for continuation to the downside.
In my opinion EurUsd is strongly bearish under 1.17 and bears can look to sell rallies
In my last EurUsd analysis I said that I expect the pair to drop to 1.14 zone support in the medium term and the break under 1.17 support bring confirmation for this scenario
Last week, EurUsd has made a new local low at 1.1560 and, as normal, the pair has corrected some of the losses
However, the rise from this low has formed a flag formation which gives us...
Hello everyone, wanna share with u Idea on EURUSD. I am expecting price to break uptrend line and short it. But definetly wait we are still bouncing on trendline and there is possibilty of triple top IMO
Hello, traders! Based on our EURUSD lookout, I emphasize that a double top formation formed on the weekly TF in which the neckline was broken. Right now, the price is heading to the neckline (around 1.17) for a retest (where we took our short-term long trade).
Looking at the D1 and H4 TF, it seems the price is retesting the median line and the broken short-term...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Entered a aggressive market sell on a bearish engulfing and bearish structure
Reasoning (Medium Conviction):
There is an imbalance in price from the previous bullish run
Price tested and rejected order block
Price tested and rejected 61.8% Fib Level
Price tested and rejected level 1.16000
Bearish engulfing candle
Moving average crossover & Rejection on...
Overall trend is still bearish with a expected retracement before a continuation towards the downside.
I'll be looking to tell around the retest of level 1.16000 towards previous lows and potentially level 1.15000 (Lines up perfectly with the -27% fib extension.
Look out for bearish structure/pattern/candlestick forming on M15 or set Sell limit
On the large scale, The overall Trend is still Bearish.
However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY;
Thus, I will expecting a retracement towards the area around level 1.16500:
Confluences at level...
USD strength is expected to be strong based on my previous analysis on the DXY with the GDP Q/Q and Unemployment claims expected to be released later today (Beware of volatility)
Price is currently testing the 1.16000 Level and may show a rejection (& Moving Higher) before going lower...
1.17 has proved to be strong support for EurUsd with the pair strongly reversing yesterday from this zone.
As long as this support is holding my bias is bullish and a break above 1.1750 local resistance would give me confirmation
1.19 can be the target for swing traders
As I've written before, EurUsd is trading in a large H&S for more than a year now.
At this moment the pair is exactly in horizontal support and a break here looks imminent.
1.19 is very strong resistance now and only price above this zone would put EurUsd in a more positive perspective.
Sell rallies is my strategy and swing traders can target 1.14 for their short...
Hello everyone, as we all know the market action discounts everything :)
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After a tranquil start to the day, the EUR/USD pair came under heavy bearish pressure in the early American session, dropping to 1.1751, its lowest level since August 27,...
Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the...