EURUSD is over brought and it's nearing a potential resistance zone. Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Thank you and Good Luck
*RISING WEDGE PATTERN H4 RETESTING THE H&S PATTERN IN DAILY* A daily bearish trend line false breakout?? / daily bearish trend line breakout?? I would not short this pair if there is no confirmation candle, however if there is a confirmation, it will be a -+100 pip trade.
line charts explain everything, the best thing is they filter out all noise IF TODAY'S DAILY CLOSING REMAINS BELLOW POINT 4 .. WE WILL HAVE H&S SETUP. BREAK OF NECKLINE AND RETEST WILL ACTIVE SHORT TRADE. IF TODAY'S DAILY CANDLE CLOSED ABOVE POINT 4 THIS SETUP WILL BE NO MORE VALID. please like and do share your thoughts .. thank you
1. sell oppurtunity if price shows rejection at fresh supply zone. 2. buy oppurtunity at fib retracement 0.5 - 0.618 zone that is a demand\support zone.
Price has been bearish just recently and I'm expecting this momentum in the markets to continue throughout the week thus my take profit area is achieving either a double bottom or new low. The Asian session has to go bullish manipulating the buyers and institutions getting ready to sell.
Currently, EUR/USD is trading at 1.1938. The pair is trading in an up trend from sometime by making higher high-higher low pattern. It may reverse back from its resistance zone which is at 1.2060. The pair may start a new down trend after rebounding back from its resistance zone, but for that it has to break the support level which is at 1.1880. It is possible...
Currently, EUR/USD is trading at 1.1733. The pair is consolidating in the resistance and support wedges. The pair may start a new downtrend if it breaks the support level at 1.1703, likely the pair may rebound back after touching support levels. If the pair starts a new downtrend, after breaking the support level, then its first target price will be at 1.1509 and...
Hello, This is Euro/Dollar - EURUSD as you can see it made double top check this it made a sell pattern it shows that there will be a bearish momentum. i am expecting it to go 1.12000 that is 300 pips. please remember this is my opinion and everything can happen in the forex market. Thank you Abdi
Eurusd - Daily - Reversal triggered for a 400 pips move down
the chart explains position, my thoughts when market rejects the previous trend leaving it somewhat unpredictable. higher time frame structure has been broken to the upside - could always be a fake breakout -- time will tell.
Price rejected daily resistance (green horizontal line) once again with creating a possible head and shoulders pattern. It already rejected the zone between 0.5-0.618 fibonacci levels so it might continue going down from here. So what i will do is i will look for price action in lower timeframes to see a short entry. Stoploss will be different. Target is -0.75...