#EURUSD H1 chart Dovish FOMC dollar showing some weakness bullish chart pattern.
EURUSD has been in a downtrend / correction from year 2008 and has fallen about -35.02% since then. I believe EURUSD is in a short covering mode and will resume it's downtrend after it meets the key supply zone at 1.23040 to 1.20422 which is the trend line on the upside as well as the horizontal resistance line or both (confluence). The RSI easily confirms the...
EUR/USD Near Term Setup for a Short Price will retest resistance levels from September 2015 upon reaching 2 year highs If the currency pair continues the pattern shown in the horizontal channel it is likely that it'll fall Moving average cross over has not confirmed a chance in trend direction as yet. Entry should be made once this is confirmed.
EURUSD complete home pillar? or exit from the pipe? This pair is currently facing uptrend resistance line still holding support above MA 20 and 50 trading above daily pivot point 1.1649, however keeping FED interest rates tomorrow pair may test the upper resistance and form the double top before falling or may break the resistance and continue going up, dollar...
Buy above 1.1381. Stop loss at 1.1353. Take profit at 1.1444. Reason for the trading strategy (technically): Price has dropped perfectly to our profit target from yesterday. We prepare to buy above major support at 1.1381 (Fibonacci retracement, horizontal swing low support, bullish price action) for a push up to at least 1.1444 resistance (Fibonacci...
Hello, The EUR has seen a push down to a current 4HR uptrend and as the dollar falls it makes sense that this would be a great entry as well it has broken the 1HR trend line making it bullish. Now just waiting down on the 15M chart to pullback and retouch for a bullish push. Just sit and wait patiently to profit! www.blueprintforex.com
Optimal place to sell would be to wait for a 4hr candle to close beneath the line which is at 1.12712
This trade is very interesting. We are looking at a war between the bulls and bears since we went near that monthly resistance. Until it can stay above that line on the daily timeframe, I am suggesting a short with a nice RR. For more details, look at the analysis above. Trade safe!
Euro/usd currently looking to complete the Crab Pattern it may or it may not so we shouldn't risk it and sell Eur/Usd now for sure we should wait for a good opportunity and a good point entry to put our SL Tight always remember to enter in good position with tight SL thanks.
Sell below 1.1425. Stop loss at 1.1450. Take profit at 1.1355. Reason for the trading strategy (technically): Price has reacted off our selling area really nicely. We remain bearish looking to sell below major resistance at 1.1425 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance, bearish price action) for a push down to at least...
I expected a short term reversal to 1.1380 and a bounce to some where around 1.1510, it will be prudent to get out at 1.1500. All of this is supported by Fridays fundamentals which was 1 positive news for the currency (Non Farm Employment Change) vs 2 negative news (Unemployment rate and average hourly earnings m/m). Please be careful around Wednesday and Thursday...
For several weeks, the Euro has been outperforming several Forex pairs including the US Dollar, and we were able to take advantage of the rallies and the downside corrections with them! For the EURUSD Forex pair, it has broken the weekly resistance but is few pips away from the monthly resistance which may give a clean opportunity to short it or even give a clean...
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires...
--UPDATE-- Yesterday's session has given us another opportunity to go long with the Euro-Dollar pair. With the upcoming Euro economic event(s), this signal may partake with the saying "buy the fact, sell the rumor." The pair also made a lovely double bottom suggesting another push higher. -------------- From the recent upward push with the trading signal of the...
From the recent upward push with the trading signal of the fakey price action bar wherein I called for a long set-up, the EURUSD pair have yet again consolidated just few pips below the strong resistance ahead. With upcoming EUR economic data ahead, these are the several pathways this forex pair may go through.
Break of triangle and here we go 1.1160. Let's Watch !!
Days ago, I called a long set-up for this EURUSD pair for the formation of a bullish fakey pin bar along with trend which suggested a push higher on prices. Now, with this signal, I normally put in a huge lot for this is a strong signal. Today, I have placed my TP at 261.8% of the pin bar since the EURUSD will have a difficult days ahead. The black horizontal...
After EURUSD reached the monthly 'strong' resistance, it made a modest decline due to Dollar sell-off and Euro relief rallies that are currently ongoing. That being said, I highly warn you to STAY AT THE SIDELINES FOR THE MOMENT when trading this pair as there is a high risk due to the current phase of the weak dollar-weak euro. As graphed below, these are the...