Pattern: Parabolic rise on 4H. Signal: Bearish as the rejection was made exactly on the 0.5 Fibonacci retracement of the 1.1240 Top (Dec 31) and just above the 4H MA200. Target: 1.09200 and 1.09000 (the 0.382 and 0.5 Fibonacci retracement respectively of the parabolic move). Previous successful Buy Signal:
Pattern: Channel Down on 1M. Signal: Bullish as the price is testing the Lower Low zone of the pattern. Target: 1.09350. Recent signal:
Pattern: 4H Channel Down. Signal: Bullish as the pattern is testing the Lower Low trend line. Target: 1.10300 (right on the 4H MA50). *note: invalidation of pattern if 1.0940 breaks. In that case short to 1.08880. Recent signal on EURUSD:
Pattern: Channel Down on 4H. Signal: Bearish as the pattern broke below the former Higher Low trend line made a Death Cross and the 4H MA50 rejected the last spike. Target: 1.10400 and 1.1000 in extension.
Pattern: Channel Up on 1D. Signal: Bearish as the RSI failed to break its multi month Resistance Zone and the pattern forming resembles the late June 2019 top. Target: 1.09000 (just above the 1W Support).
Pattern: 1H Head and Shoulders. Signal: Bearish as the price is testing the neckline's Resistance with pressure from the 1H MA50. Target: 1.11055 (potential contact with the MA200) and 1.10750 (1H Support).
I am doing an update on the previous EURUSD sell signal slightly moving my Target higher at 1.08300. So far both the long term (1D chart) and short term (4H chart) indicators and patterns have provided accurate entries as seen by the following ideas: At the moment the new Channel Down is on the consolidation phase around the 1D MA50 (blue line as seen...
My outlook on EURUSD hasn't changed, still selling with Target: 1.08000 as posted on this idea a month ago, which is so far working remarkably well: I just thought it would be useful to make a quick update on the 4H chart on a possible scenario towards 1.08000. Based on the last bearish leg following the 1.1410 Lower High in June, we are close to a temporary...
Pattern: Channel Down on 1M. Signal: Bearish as the price has entered the Lower High divergence zone (if the current is also -0.40% lower from the March - June Lower High range). Target: 1.0800 (even though the -4.65% extension can go as low as 1.0700). NOTE: The same pattern has been followed in the past for successful trades as seen below.
MACD is showing its a bullish movement and price is towards to 0.236 of fibo level Note: Trade at your own risk Join with us for free signals Telegram - t.me Facebook - www.facebook.com Twitter - twitter.com Website - www.forexcaction.com
breakouts of short trend channel line and 200 MA is sign of continue of upward with 2 target
Price was retracing from 0.50 fibo level and stochastic shows over bought situation as well. in the meantime orange line was crossing top of the blue line in stochastic shows us a clear down trend. TP's and SL is up to you. Note: Trade at your own risk and fundamentals are not involved in the analysis. turningpointfx.com
Pattern: 1D Channel Down. Signal: A) Bearish if the price is rejected below 1.10280 (Lower High), B) Bullish if 1.10680 breaks. Target: A) 1.08500, B) 1.12000.
EURUSD getting support from 50 EMA and it will be bullish moment for certain period. TP's and SL is up to you and don't hold for long term. If you are holding for long term adjust your tp's and sl accordingly. Note: Trade at your own risk.
Sell EURUSD Now. It has reached the 1 level of fibo and it was crossed. the same fibo line can consider as a support as well. in the mean time MACD shows us that its a bearish movement as well. If you can see the bottom of bollinger band is along with the the candles shows us that its a bearish movement and its confirmed accordingly. Take profit mentioned as...
Pattern: 1W Channel Down. Signal: Bullish due to A) the Lower Low of the Channel Down and B) almost Triple Bottom as the April - May cohesion. Target: 1.12000 (symmetrical point within the 1D Resistance Zone).
Pattern: 1W Channel Down. Signal: Bullish once the Channel makes a Lower Low near 1.10300 - 1.10000. Target: 1.1250 (above the MA50 and below the 1D Resistance).