As big picture at A little bearish move to mitigate the zones, I think we will likely sweep the external liquidity from the M15 range before moving to make a new M15 leg
EURUSD is technically ripe to long significantly if the 4Hr, candle closes above the EMA-50 at 1.08645. The target price is at 1.09459 with a potential to long further to 1.10656 The price on the other hand will continue to decline into the descending channel if the candles mentioned above closes below the EMA-50.
28th August daily inside bar, range confined within the previous bar range. 29th August daily insurance bar dictation for strength in coming days. Demand zone for long 1.0812-1.0770. stop loss: 1.0750, target: 1.0955.
EURUSD stabilizing above 1.0903 will support rising to touch 1.0931 then 1.0960 then 1.0989 stabilizing under 1.0903 will support falling to touch 1.0844 the 1.0810 Pivot Price: 1.0903 Resistance prices: 1.0931 & 1.0960 & 1.0989 Support prices: 1.0844 & 1.0810 & 1.0872 timeframe: 4H
The multi time frame analysis is in the updates below the main Idea. Since we have flipped bullish on the higher time frames, I'll give my big picture view on EU. I look at the timeframes like a gearbox or transmission. The H4 is a gear that, on one revolution will turn the H1 gear four times and the H1, in turn will turn the M15 four times and so on all the way...
Price has continued to deliver Bearishly over the last couple of weeks and there is no reason to believe that will not continue to be the case. Price created new Bearish structure on the 4H and is now looking to be in a Bullish pullback, I have identified a POI which I expect price to bounce off and continue its Bearish push by creating new lows.
As mentioned in my Monday's trade plan, EUR/USD has rebounded from the support line of the ascending channel. So, buyers who bought at 1.0770 are currently up 100 Pips in their buy trades. 📌Currently, in the 4H chart, the immediate resistance is being offered by the 1.0885 level. 📌Bulls need to break the 1.0885 level for the uptrend to continue...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
In the shorterm, we have head and shoulders formation, we can sell from now. SELL BY MARKET. SL: 25 pips. TP: 25. 50. 75 pips. Close in 5 hr and 10 min. ***Understanding the Head and Shoulders Pattern*** A head and shoulders pattern has four components: After long bullish trends, the price rises to a peak and subsequently declines to form a trough. The...
Either GPUSD break the trendline and go up or retest the support again and bounce from there. Manage your risk acordingly!
EURUSD stabilizing above 1.0823 will support rising to touch 1.0843 then 1.0862 then 1.0882 stabilizing under 1.0812 will support falling to touch 1.0786 the 1.0764 Pivot Price: 1.0812 Resistance prices: 1.0843 & 1.0862 & 1.0882 Support prices: 1.0786 & 1.0764 & 1.0741 timeframe: 4H
Regarding the EURUSD, it's currently experiencing a downtrend, accompanied by a noteworthy retracement into crucial resistance levels. Our video comprehensively addresses essential components of technical analysis such as the prevailing trend, market structure, price action, price gaps, and other pertinent technical aspects. I'd like to emphasize that all details...
In the ever-evolving landscape of forex trading, precision holds the key to success. Every level, and every movement carries significance. Let's delve into the technical intricacies shaping the EUR/USD pair's journey within the 30-minute timeframe. Stepping on a Sturdy Foundation: Support at 1.07654 Within these critical minutes, EUR/USD finds a firm footing...
EURUSD Short - I see that this pair is at area of resistance. I will use 150 pips as SL distance and aim for 450 pips for TP but use your own risk management
EUR/USD has been in a prolonged state of downtrend for more than 40 days now. After reversing from 1.1270, the price has dropped nearly 500 pips. At present, we can see that EUR/USD is at the bottom of an ascending price channel as shown in my chart. If you look closely, you will notice that even in the previous two occasions, EUR/USD has reversed after hitting...
I will be very surprised if EURUSD does not print a green candle this week. It bounces off 50MA and it printed red 6 weeks in a row, which is very uncommon for this pair. The EUR has been butchered last 6 weeks on a strong performance of the dollar but I think a lot has been priced in and traders will now look towards a bullish momentum for the EUR. Time will...
The time the price spends here shows that this is the equilibrium. Since the seasonality of September is positive and we have monthly equal highs above, this made me think that we can close September positively. Before this, a stop hunt may come under 1.06350. Also equal low point on weekly at 1.06350.
There is an important point, the daily trend is still in an uptrend, but once it broke the support from 1,083, the possibility for 1,063 remains open, it will be an interesting week next one.