EU LONG IDEA. THE PICE REACHED A PREVIOUSLY RESPECTED SUPPORT/TREND LINE. LOOKING AT THE PREVIOUS UPWARD PUSH WE COULD EASILY BAG BETWEEN 40 AND 50 PIPS.
Afternoon Trader, As we can see we have had weakness from the dollar, price action has been pushing up very well in favour of the euro, I've highlighted my area of interest ideal if we have a push down into this area i will be looking for an entry long as illustrated, given if price action confirms the entry. Alternatively, we may get a break of the lower...
Good morning Traders, I hope you have all had a good weekend, As I've been stating in my earlier ideas we are coming into the 1.1490 area, this will be an interesting level, given the buying power that is still within the market as price action is indicating, at this current moment. We could have price action that spills out as illustrated, If we do Id be...
A Breakout of our Bullish Pennant incites uptrend tendencies. However, it is worthy to note the Key level @ 1.12550 - a Support level that appears to be significant within the Rectangle. Tendency: Uptrend ( Bullish ) Structure: Breakout | Pennant | Rectangle | Support & Resistance Observation: i. Since Price tested Support within the...
EUR/USD ends the week on a high and holds above 1.14 despite issues at the EU summit. Price moves roughly 85pips in our direction validating our bias (see link below) last week. In this regard, we might be expecting a correction in anticipation of a Bullish run in the coming week(s) as price breaks our Key level (1.13900) to form a Rising Wedge. Tendency: ...
With the drop of the GBPUSD the EURUSD will follow, the correlate quite nicely together and the GBPUSD usually moves first. I see alot of divergence on the 4hr and daily timeframes which signals that a significate change in the market is coming, but before entry I will wait for price to break its trendline and support. Then we will trade to the next level of support
Evening Traders, this pair has been stuck in a bit of range for me, although it seems we still have plenty of buyers in the market, this being confirmed by the large bullish candles every time we have a sell off, Price action may potential pierce the top of the 1.14410 area before market close or potentially my do so during the Sunday market open. either way i...
Evening Traders, As we can see I've scribbled a couple scenarios on the chart, it will be interesting to see how price action responds in the coming session we can see signs of exhaustion confirmed by the rejection candles from the 2 previous hourly candle close. I will be watching price action as we progress but I can see the level: 1.1490 as an area of...
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EURUSD tested 1.1190 third time & bounced quite sharply yesterday, momentum have been quite positive & building across higher time frames, expecting this to continue yesterday move towards 1.13 & 1.1350.
Price action analysis shows that bears are strong and EUR/USD may keep moving lower over the course of the next few days. If price breaks through the Bearish Flag, 1.1080 will be the next target for the bears. Possible Trade Signal Sell Entry : 1.1220-1.1248 Stop Loss: 1.1274 Take Profit: 1.11 The above signal will be valid only if price action supports a...
okay this is the M15 once the market opens it probably going to continuing the down movement hopefully with a gape then once it reach the area of 1.12074 i will be looking for a buy with a target price of 1.12575 but if thw worst case scenario happens i will still be looking for a buy at the price of 1.11964 with the same TP
Hey traders, EURUSD is showing us some Bullish pressure as we got impulsive wave to the upside from 0.38 Fibonacci retracement and currently we are waiting here for EURUSD to form a visible Head and Shoulders pattern. If we break neckline, that would be a nice long trade for our members.
EUR/USD Wave Analysis The counter is currently is in a strong bull cycle. It has completed wave 4 in the form of a falling wedge pattern and has broken out of the pattern. Hence, we expect the counter to be bullish in the near-term.
Hello everyone! This is my analysis on this pair. As you can see we had a very huge impulsive move to the upside, we then found Resistance on a Daily Level. After rejecting we then created a pattern that I'm sure you are familiar with, the Falling Wedge. This is a Bullish Pattern. We have also reached a very important level on the trend line, so we are expecting...
The counter has been declining ever since it hit the 52-week high of 1.14208. It found support with a trendline and trying to claw its back. It is evident with the formation of an inverted head and shoulder pattern, however, the neckline seems to be a tough nut. A break above the neckline can push the price either to resistive trendline or price action resistance...
EURUSD price action is trading within a multi-sessions bearish channel. Seeing a Head & Shoulder pattern on the 4hour chart on this market, momentum have been weakening across the short term time frames as well, expecting another move lower towards the 100% of the Fibonacci projections and even to 1.27% in the near term. Trade Safe!