My bias for this week's prediction is for EURUSD to move bearish, As it has tapped into a strong level of supply. I will be waiting for wyckoff distribution to play out in order for us to catch sells this week. Simultaneously, the dollar has also tapped in to a demand zone which is expected to initiate a bullish reaction hence why I am bearish for EU.
The 16hr...
I'm looking for short opportunities on EURUSD at the moment. We've been downtrending since mid July, the market has been working its way down taking out lows from July, June and May. I see one more prominent target EURUSD would push for if the downtrend continues and that would be the bottom seen in mid March around the 1.05200 area. Thats where I'll be looking to...
Key Resistance Level: This zone marked on chart historically acted as a significant resistance level in the EUR/USD pair. While the overall trend might be upwards, targeting a reversal from this resistance level can be a viable strategy. Price action near this level could trigger a bearish reversal or increased selling pressure.
Overbought Conditions: Assessing...
We can see price broke out of the current liquidity zone retested and made it to another zone so i'm expecting a 50% drop over the next coming days watch closely patient is key..
Dear friends and companions:
In the 4-hour time frame, the price has hit the ceiling of the ascending channel, and the divergence between the price chart and the RSI indicator is quite evident, and from here I give the possibility of falling to the specified range.
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EurUsd we are in a downtrend creating HL and LL, now what we expect to happen is to fall to the area 1.20527 where LL will be formed and in that area is also our target.
Hey tradomaniacs,
EUR/USD has shown another strong fakeout at the MONTHLY Key-Resistance which could give us a great chance to short the peek.
Another retest of the intradays High-Volume-Note should show us whether this is a likely scenario or not.
EUR/USD: Daytrade-Preparation
Sell-Limit: 1,21175
Stop-Loss: 1,21420
Point-Of-Risk-Reduction:...
