Last week, we saw EURUSD rally a bit. In fact, it has actually broken through the 100D EMA and managed to stay above it. So, one might assume that the TREND in EURUSD has now reversed to BULLISH.
However, in the past few months, every single rally has been SOLD OFF. So, it would be too early to assume that EURUSD has reversed.
Hence, it would be wise to watch the...
Possible move to the upside when reaching disturbance zone 1.11476
also break off 2 previous lows indicating momentum to the upside.
Zone also in confluence with fib 0.786.
lets see how it plays out, is all a probability game
as per previous chart lets see the set up from up close... its nice abc structure where first and second part r made from 5 subwaves marked with yellow, so im expecting last part also to be made from 5 subwaves and reach that red line where i guess correction will end. also divergence will occurre and marked with purple its gonna form a gartley structure.
want more of it?
Dear Traders, my previous idea on EURUSD worked well and anyone who followed is already on 120+ pips profit.
For signals, charts and analysis, check my signature(link)at the bottom of this idea.
Right now, I want to draw your attention to a Potential SELL Trade that might take place soon.
As you can see, EU is ranging inside the BEARISH CHANNEL.
Hence, I would...
This is my idea on EUR/USD, please leave your opinion on my TA
We are currently in a down trend on EURUSD and have been for some time now, i have been long but closed my position and have now set up a short.
we are very close to a supply zone and bordering oversold on rsi, i will look for confirmation of downwards movement before entering a trade.
So as you can see we expect EURUSD to go long. We think it will go long because the markt is now in a strong weekly buy zone. If you zoom in on the daily chart you can see we are now also in a strong buy institutional orderzone that’s been filled right now.
It will be much clear on the 4h chart, you can see the 4h trendline is been broken en...
The EURUSD seems to be in wave (b) of Y of a potential double zigzag pattern.
Price is currently retesting a key resistance that lined up with 61.8 FIb ratio, moving averages, and ascending trendline.
Considering that prices have made a double top pattern and bearish rejection candles at the confluence level, the odds strongly favored a sell-off...
The EURUSD broke a key support level with a text-book five-wave impulse in "i" with an extended wave (5).
A three-wave corrective chart pattern is expected after an impulse move, and the current retracement seems to be unfolding as a zigzag pattern which is most likely to terminate at the swing level that lined up with 38.2-50.0 Fib ratio and moving...
The EURUSD is retesting a broken ascending channel that lined up with 61.8 Fib ratio and moving averages.
This pair seems to have completed a three-wave correction that unfolds as a double zigzag pattern after a text-book five-wave impulse in wave (i) "red."
If this count is correct, the 5-3 wave cycle is almost complete, and a bearish reversal for...
EURUSD is currently on a bearish flag and has 3 possible setups; 2 breaking the flag to the upside and 1breaking to the downside.
Setup #1 (Breaking to the upside):
- When the market price breaks to the upside and has broken the 1.15000 level, you can enter the following order:
- But Stop @ 1.15100
- Stop Loss @ 1.48300
- Take Profit @ 1.16000
EURUSD the penetrated lower bound on recent price action with the initial legs of a forecasted expanded flat being invalidated. Now we should be looking for the termination of the current flag on successful break of 1.14500 and allow prices to rally north straight into the downward trendline connected from the yearly highs. Price action developments have been...