it is a messy pair but short term movement can be like this 1.1220 zone is very important
hi traders according to my trade plan good opportunity for short bur never forget this idea for my education
3rd trend line touch and 61.8 fib touch...
Daily chart next week trade scenario
Two trade scenario for next week, watch out for trend line break out.
OANDA:EURUSD Sell from curent price SL-1.1192 TP1-1.1122 TP2-1.1072
EURUSD reversed off our first resistance where we might see a further drop in price.
If you have been following me, you already know that in my previous EURUSD chart, I advised you to wait for proper levels before buying/Selling and I indicated with arrows about the possible price movement. I indicated the 1.1110 area in my chart as possible support and as you can see, price bounced up exactly from that area and went up by 70 pips. So, at this...
As we see in the hourly chart, it follows a downside parallel channel..
We continue to decline, all signs/indicators indicate continued declines, for example: The eurusd is below all important moving averages. The Ichimoku cloud is in red. The blue line of Ichimoku continues to be above the red line. and more... TP:1.08
The daily range in EURUSD has become so small that trading EURUSD is very difficult. Hence, the best way to trade this pair is wait for a good level before BUYING/SELLING. EURUSD is still trading in a BEARISH CHANNEL. So the logical approach to trade this pair is to : 1) BUY at the BOTTOM of the CHANNEL around 1.1040-1.0160 with SL below 1.1011. TP at 1.1250...
Price bounced off our first support (horizontal swing low support, 78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where we might see a rise in price to our major resistance (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is also bouncing off support where we might see a further rise. Trading...
Price bounced off our first support (horizontal swing low support, 78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where we might see a rise in price to our major resistance (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is also bouncing off support where we might see a further rise. Trading CFDs...
EURUSD is approaching our first resistance where we might see a drop in price to our first support. Stochastic is approaching resistance as well.