All the month of October, EurUsd has traded in a range, hoovering around 1.15-1.16 zone. This zone has acted as either support or resistance over the years. Long term trend for the pair has changed in 2020, once EurUsd has broken above the falling trend line and the drop from 1.25 is just a correction to the overall bullish trend. For a positional trader can be a...
We are currently in a bearish order flow. Daily and 4H are bearish so we should look for Shorting opportunities on pullbacks until the price breaks structure on 4H. We can look for longs on intraday timeframes ie m15 or m1 to the next zone from where the price can continue its bearish order flow. 👇 Follow for more daily forex content and education 💪 Good luck to...
After visiting 1.1680-1.17 strong resistance zone, EurUsd fell strongly on Friday, just to find some bids in the old low zone at 1.1530 In my opinion, this support will not hold for long and this slight up correction should be seen as a good opportunity to sell the pair. 1.14 zone old resistance now support could be bears target and only a daily close above 1.17...
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 everyone, as you can see on the idea in the Blue BOX we was still bullish it was doing Higher Highs and Lows but we had Break of structure which means that we are entering bearish market now. So what I expect is that we will see price come higher and then drop even more.
EurUsd has dropped from 1.1660 resistance to 1.1580 support and now is consolidating in a range 1.1580-1.1590 zone is very important for bulls and the inability to keep this support is strongly bearish for Eu and could drive price under 1.15 However, a break above 1.1620 is bullish and we can expect a new leg of correction above 1.17
Hello Traders EURUSD is showing a loss of momentum to the long side. After stopped the price increase many times, and after a multitimeframe analysis I can say that maybe tomorrow or in a couple hours we can see the EURUSD breaking the range and going to the Short side in full speed.
Disclaimer:- Educational Analysis says Eur/USD may go long according my technicals. This is not an entry signal. I have no concern with your profit and loss from this analysis. Why Long? Because the 4 hr trendline(backline) is been respected thrice and 15 min trendline(Pink Line) is been respected twice. This may get the touch and skyrocket from 15 min trendline...
Disclaimer:- Educational Analysis says EUR USD may go Long according to my technicals. This is not an entry signal. I have no concern with your profit and loss from this analysis. Why Long? Because the 15 min timeframe market is making a higher high and higher low, it means the start of an uptrend. For Additional Confirmation on this trade. you may go for 15 min...
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, 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...
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
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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 As...
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 1.16500: Previous Flip Zone (Red) Fib Golden Zone (50%-61.8%) (Gold) Test of...