Quick update as I expect to see price now make that continuation back to the downside... the importance is obviously limiting that risk so got taken at break even last night but even better confirmation for entry today.
This market has been in a downtrend and will continue to follow structure. It bounced off of my trendline and rejected major resistance. This is very bearish on top of it being overbought. There were bearish engulfing candles that showed signs of strength for the bears. There were large wicks forming on the smaller time frame as well. It is also showing it hit an...
Just thought I should mention this when it comes to entry.. always remember risk appropriate amounts for your size account.
As explained yesterday watching for that continuation move to the downside... currently getting close to entry and will look at jumping in over the next 8 hours.
Could be a slow start to the week but This is the kind of situation I'm looking for on EURUSD. I do expect EURUSD to bottom out sometime soon but for now I'm just following the trend..
eur usd is facing big bearish pressure and very strong support is ahead look for bearish confirmation on lower time frames and enter short with your own money management always remember that patience is the key to become a successful trader
SIMPLICITY IS KEY!! Pretty self explanatory what's happening on EU with simple price action 13 year 'Monthly Bearish Trend Channel' 1."TRENDLINES" (once price approach these on the timeframe drawn, I use for judging if the market will 'continue with the trend' or if candles break trendline then possible 'reversal') WATCH OUT FOR FAKEOUTS cause banks love to...
Price didn't go my way at the start of the week but this obviously does happen, as long as you have your risk managed then these small losses shouldn't affect you in the slightest. Not many areas at the moment where i can look for decent entry's.. I can only suggest small intra day shorts..
EURUSD has reached a major mid level and is retesting before it drops to the 1.17900, RSI is confluence 1, Mid retest is confluence 2, Hammer pin bar is your 3rd confluence. Enough to take the trade positively. Secure the bag boys...
EURUSD create hidden bearish divergence in D1 Timeframe! Short after long anticipated!
EU create hidden Bearish Divergence, so gonna short!
Going short on Eurusd entry:1.17580 tp levels: 1.17307, 1.17019 sl:1.17856 Use proper risk management . Do not risk more than 2% of your capital.
As EUR continues to trend downwards, check out this possible trade idea to enter a short if prices pushes upward towards resistance levels. Take a small risk of 60 pips for a Potential gain of 260 pips. Only enter this trade after price rejects the resistance zone and right after the next 15 minute sell candle closes above! Stop Loss: 1.18236 Take Profit 1 =...
weekly tf bearlish -bealish engulfing -price below ema (14/50) -pivot point
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.1824). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURUSD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.1824). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURUSD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts...
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...