EUR/USD is currently in an uptrend but the price action looks weak.
Price is currently going up in a price channel.
However, the RSI is printing lower peaks with each successive peak in the price.
This indicates that the uptrend is weak.
So, sell when price reaches the top of the upper TL or if breaks down through
the lower TL.
In the daily chart, EUR/USD is showing bearish price action at the upper TL of the
broadening wedge. Multiple bearish candlesticks have formed in this area.
So, likelihood of a strong decline is increasing.
Selling EUR/USD@1.2030-1.2060 with SL above 1.21 and TP at 1.1850 is a possible
signal.
On Monday, EurUsd broke above important 1.2 figure
However, bulls seem to not have enough power and the second attempt of continuation failed
At this point, the up trendline is broken and there is a high probability of a double top.
A break under 1.2 would not only confirm the double top but would confirm also a false break and, from this point, a drop to 1.1850...
As I predicted yesterday, the EUR/USD's rally has finally come to a
halt near the 1.2080 resistance area.
Yesterday, a bearish pinbar candlestick has formed on the daily chart
which is a significant development.
If the bears can continue their hold on this pair, a drop to 1.1850
will be increasingly possible over the next few days.
My previous signal: Sell...
EUR/USD is going up relentlessly. Price is up by almost 400 pips without
any significant correction over the past 3 weeks.
Currently, price has reached the upper trend line of the pattern in the 4 hour chart.
If bearish price action happens in the red area that I have marked in the chart, then
there's a good chance for a drop to the 1.1900 level.
Possible...
EUR/USD is on a strong uptrend since 1.17 and current price is just under 1.20 level.
However, things have slowed down a bit and the daily ranges are getting smaller.
Currently, price is in a resistance level. We got a bearish candle at the resistance followed
by a bullish candle. So, no trade signal can be deduced from this price action.
The best approach is to...
I have idea for this pair.
I think it will going down.
Let we see on the Weekly or monthly Time frame.
Seems like make HnS Pattern.
Let check mine below
If you have any idea, leave comment below here.
Thank you
Overview - EUR/USD has recovered over 200 pips after falling to 1.17 a couple
of weeks ago. However, the recovery might be coming to an end soon. Let's analyze and find
out a Sell signal for EUR/USD with entry, TP and SL
Analysis - Price has found resistance at the 100-day moving average level
just above 1.19. More resistance lies at 1.1980. So, it is quite...
Overview - EUR/USD's recovery from 1.17 level has faced the first hurdle
yesterday and so far, bulls have not been able to take out the 1.19 key resistance level.
Let us analyze and look at a possible sell signal for EUR/USD.
Analysis - From the chart, you can see that a bearish daily candlestick has
formed at the key 100-day moving average level. Price has...
Hi there,
EURUSD is heading for the correction to the target 1.21, only from there I will look for sells.
At target 1.21 we will make a retracement from wave number 2 to number 4.
Price is trapping sellers at the moment to get liquidity in order to fly to the target mentioned.
Watch lower timeframes to get in at the right time, wait for clear fake dips to get...
Overview - EUR/USD has been in a downward trajectory for almost
3 months now starting January'2021. Recently, price plummeted to 1.17 level.
However, there has been a modest recovery over the last 2 days owing to USD weakness.
Analysis - As you can see from the chart, price is clearly below the 100 day
moving average, which indicates the trend is tilted...
As I said in yesterday's comment, EurUsd remains grossly bearish in spite of FOMC induced rally.
At this point a break under 1.19 looks imminent and when/if this will happen EurUsd has a clear road to 1.1830 recent low.
Those of you who are not already short can try to sell rallies with a SL above 1.2
Yesterday was a quiet day pe EurUsd, with the pair trading in a very narrow range of about 25 pips.
As I said in my yesterday's comment, I'm bearish the single currency as long as the price is under 1.2 and I expect at least a revisit to 1.18 zone recent low.
From a technical perspective, the price is drawing a descending triangle and adds are in favour of a breakdown
Hi Traders
EUR/USD (H3 Timeframe)
A low to medium probability, to go short is forming @ 1.19076 after the market found resistance @ 1.19863. Only the upward break of 1.19863 would cancel this bearish scenario.
Trade details:
Entry: 1.19076
Stop loss: 1.19863
Take profit1: 1.18755
Take profit 2: 1.18182
Take profit 3: 1.17248
Score: 5
Strategy: Bearish Trend Reversal
