The Euro rallied rather significantly during the week but has given back a significant amount of gains to create a scenario where the possibility of a further decline is possible. As the EUR/USD pair finished the week a little below 1.1800 mark, after advancing in the previous six weeks and reaching the lowest level in three days. With over 381pips in our...
Here i have marked up some key levels of interest for myself, these are the areas that i have orders set at.
I can see bears pushing price down into my 1.15000 support zone before the bears take over and possibly push price to my 1.25000 area. Notice how these are nice round numbers, because this is how the big players trade so why not copy what they are doing as...
Pattern: Emerging Channel Down on 4H.
Signal: Sell as both the RSI and MACD are descending, repeating the June Channel Down sequence. The price is also clearly below the 4H MA50.
Target: 1.16500 (-2.25% from the top)
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In my previous EURUSD ideas, I have been telling you to buy it since 1.1700 levels and I also mentioned price will reach 1.19 level( see previous idea links attached below)
As you can see, price reached 1.19 level yesterday.
However, it reversed from the 1.19 level...
In my previous EURUSD ideas(idea links attached below), I highlighted the support zone that sits in the 1.1690-1.1720 area.
As I predicted, EURUSD went up almost 100 pips from my highlighted support area.
Price is also above the 100H EMA and the overall market structure is Bullish.
So, I am expecting a continuation of the uptrend till the price reaches 1.19...
EURUSD market structure looks bullish in the hourly chart. Price has moved back above the 100H EMA.
There is a possibility of uptrend continuation. The support level at 1.1690 is also intact. If the price consolidates and stays above the 1.1770 level, then further uptrend towards 1.1900 can be expected.
I would be looking to buy if price dips again...
Do you REVENGE TRADE? Or do you just take the loss and move on?
If your answer is revenge trade you need to stop that now and i can help you if you message me, i have some proven TIPS and TRICKS to stop you doing this :) I am only here to help you so if this is what you do then come have a chat.
EUR USD is at a resistance zone at the moment where i can see...
EURUSD at year trendline with a bit of fake breakout ( at least it seems like it) while DXY also at a monthly chart trendline this can be a good opportunity with good risk reward ratio
Im shorting here and holding the trade for long time
Watch price action for corrections to add on
Friday was month end and some profit taking happened and in result.. euro tumbled but higher time frames still are bullish and dips still are good deals for more push ups!!!!
Entry at market: 1.1772
Stop at: 1.1729
Profit at: 1.183, 1.187 and 1.196
Exciting setup this is, as we can see we are currently having the 3rd touch of our trendline , take into account this is the monthly chart this makes it a strong setup so this will be a long swing trade but also it will pocket you big pips! Price is also in a strong resistance zone which give us 2 confluences to take this trade!
If you would like to chat about...
EURUSD has continued to rally since mid-March and so far, the rally shows no signs of slowing down.
Looking at the bigger timeframe, things seem a little interesting. EURUSD has touched the long-term downtrend line on the 2W chart.
Although I don't advise selling this without any bearish price action, Selling EURUSD here definitely looks attractive.
Yes they did... Message me for more info.
A clean and clear setup has formed here, price is at a key resistance zone so i am taking the short trade as i can see bears pushing price down after the bulls have pushed price up over the last few days.
Again the chart is clean and simple, this enables you to see setups clearer.
If you would like any help trading the...
EUR/USD ends the week on a high and holds above 1.14 despite issues at the EU summit.
Price moves roughly 85pips in our direction validating our bias (see link below) last week. In this regard, we might be expecting a correction in anticipation of a Bullish run in the coming week(s) as price breaks our Key level (1.13900) to form a Rising Wedge.
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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.