1) strong downtrend below ema
2)area of value :major level of support and resistance ,fib reversal level at 38.2%
3)entry trigger : waiting for a bearish candlestick pattern to appear at the h2 timeframe .
Elliot waves, EMA deathcross and bearish trend points to the conclusion a test of lower support will get challenged in the upcoming week. Wait for clear indication of trend reversal.
Fisher transformation indicates a reversal is about to happen, and in accordance with previous time periods, fisher signal indicates a price increase is more likely than a decline,...
We were expecting a fake out to the downside to happen for the EURUSD this week. A downside move did occur but it was not an impulsive move. If we look to the higher weekly time frame, there are still areas that needs to be liquidated to the downside before a sustained up move can happen.
We think that price will continue to the downside and visit the...
The main view of this trade idea is on the 2-Hour chart. The Forex Cross EURUSD is in a rather choppy downward trend channel, making lower highs and lower lows, after hitting resistance around the 1.195 price level. At the time of publishing, EURUSD is trading at the middle of the channel.
EURUSD is currently below its...
EURUSD - Intraday - We look to Sell at 1.1824 (stop at 1.1845)
Trades with a bearish descending triangle formation.
Trend line resistance is located at 1.1820.
We look for a temporary move higher.
Pivot resistance is at 1.1825.
Daily signals are bearish.
Rallies continue to attract sellers.
Our profit targets will be 1.1762 and 1.1752
This pair is taking retail for a ride, including me.
We have seen about 5 low wipes although the sentiment data shows buyers are heavily involved.
When the bullish move comes and they have captured enough liquidity, we will know about it.
The goal today is to find a solid buying point into the LTF equal high point as marked.
I will keep you...
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EURUSD approaching it top resistance at 1.4522 as per the channel on 1hr chart.
A short call is must, target will be close to 1.365
Analysis for educational purpose.
". 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."
. 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...
The price has been forming Lower Lows and Lower Highs. DXY is really bullish, indicating a strong US Dollar. Therefore, we are really positive about our short positions. The target is indicated on the chart, we are aiming for the Lows of the 31st of March.
Happy trading, everyone!
EURUSD is currently in a downtrend on the H1 chart. Price also broke below previous low confirming this downtrend.
This pullback that we see today could be a sell opportunity. This trend direction is valid as long as price is below 1,1900!
We should place our stops above...
Hello everyone , as we all know the market action discounts everything :) as i showed you guys form a chart a week ago that the market is bearish with no signs of a reversal yet , a possible head and shoulders are forming but we will be waiting for the breaking of the neckline at 1.17735 area , indicators are showing the major trend right now and they are all...
Sentiment has been obsessed with driving the price up on the majority of the XXXUSD pairs, Banks have made sure that retail doesn't get what they want.
Low points have been wiped twice now and liquidy has been gathered, this may be the catalysts for the banks to drive the price into the imbalance region at 1.2.
Purple Zones = Daily SNR
Red Zones = 4 H SNR
Orange Zones = 1 H SNR
Yellow Zones = 5 Min SNR
Blue Lines = Opportunity for trade
1.) SHORT TRADE REVERSAL
When Candle close bellow Resistance and next candle form as Bearish ( better if it is some Bearish reversal candlesticks like bearish engulfing candle or bearish evening star etc....) open short trade;