As I said in my previous EurUsd analysis, the H&S will not pay off and a new drop to 1.1950 zone is probable.
EurUsd went even further and yesterday reached a low to 1.1830
At this point bulls regained control and the single currency is trading around 1.19
I expect further growth in the next few days and dips towards 1.18 should be bought.
The soft target can be 1.2050
hi !
- EUR/USD hovering around an important junction - 1.1760/1.1910 to be exact
- volatile week/s ahead
- 1.1700 will not print before 1.2000, at least so saying the chart readings
- in case the long term term trend is respected, I do expect a bounce and a run towards 1.25 area at least during the coming weeks
print of 1.1700 may suggest that EUR/USD trend for...
A broader understanding of where the market is at, this will help you make right decisions moving forward,
As we can see the market crossed the 1.19735 level on the FIB.
PLEASE do comment below should you have any questions,
I think from the support will fly up!
broke the level of 1.195
It looks like a bear trap.
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Sell side looking good. Correction/consolidation working out.
Two spots to watch for reversal bounce.
Price and Fib support at both. Leaning more towards the lower larger circle in the 1.5 to 1.6 area if this unfolds to 5 waves.
EURUSD Level test for growth
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Now, It's...
First of all, this is not an H&S from my point of view. Reliable h&ses happened after long periods of trends, is nor the case now
Yesterday we have what it seems like a false break of the neckline and eurusd remains in a strong sell zone
IMO the rise from 1.1950 is just a complex correction and a drop under 1.2130 would expose 1.1950 at least
That being said, I...
preconditions:
- global uptrend
- local uptrend
- key level
- buy after break out
this i told to buy!https://www.tradingview.com/chart/EURUSD/0KfmI4Zn-EURUSD-New-buy-zone/
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Write in the comments all your questions and instruments analysis of which you want to see.
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This looks like a perfect place to enter long positions here with a very reasonable stop loss and 3X to 5X power potential.
If you are ready to accept the risk of this trade you are ready to open here
PS: Please always place stop loss
Good Luck!
EURUSD Continued growth to the level of
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In my previous EurUsd analysis I said that 1.2150 is strong ceiling for the single currency, and I maintain this idea
Although the long term trend is up, as long as 1.2150-1.2170 is intact I will look to sell this pair and the target is 1.1950 recent low
Also a sell trade close to 1.2150 has an extremely good R:R
H1 CHART
The market is approaching the resistance at 1.20463 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.21200 level.
Support & Resistances
1.20225 1.20463
1.20085 1.21200
1.19847 1.21276
H4 CHART
The market is approaching the resistance at 1.20494 . We are waiting to see...
ANALYSIS
--------------
DAILY TF: BULLISH MOMENTUM IS PRESENT
4HR TF: BREAK OF RECENT LOWER HIGH
1HR: RECENT HIGHER LOW BROKEN
PLAN OF ACTION
----------------------
- WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR TF TO COMPLETE BEFORE TAKING BUYS
- IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND SELLS TRADES
ENTRY...
After breaking above the falling trend line resistance, EurUsd has failed to continue up and, instead, reversed from above 1.2150 resistance and strong sell zone.
I expect a new bear leg from this pair at this point and rallies above 1.21 should be sold.
Only a daily close in 1.22 area would negate this scenario
Our updated chart on EURUSD with key support and resistance levels.
Price under the resistance (as we had called previously) and we expect support to be checked at 1,19830
The trend was violated when the previous resistance was violated; meaning the chart will reverse into the opposite direction. Please view the chart for more details.
In my previous EurUsd analysis I mentioned that the correction is probably over and after the bullish engulfing from under 1.20 low, the single currency is likely to resume its uptrend.
The pair also broke above flag's resistance last week and now looks prepared for a new attempt to conquer 1.23
I will maintain my bullish bias as long as the price is above 1.2050 zone
