EURUSD last week was showing a strong upwards movement at the beginning of the week, a strong support was found at the 1.2310 region and thus EURUSD managed to rise again at the beginning of this week (16/4/2018). However, a quite stop at 1.2410 region and EURUSD start to move sideways by then, a strong indication of buying power had been consumed.
With the ...
EURUSD is a clear example of when to do nothing and sit on your hands waiting for the right opportunity and imbalance to trade.
The daily chart is creating new supply and demand levels, therefore there is no trend, in a trend an opposing imbalances is eliminated, in this case, both supply and demand imbalances are being created
Not touching this Forex cross pair.
Looks like EURUSD is making a move to re-test a trendline that started in 2018 and the 100MA and 200MA on 4h chart.
Intersted to see where we go from here, any thoughts please add a comment below
Based on the chart.. We are still in an uptrend. Until we break that support line, we can still continue to put it on a positive Long position.
I See this as an opportunity for a discount buying of EUR.
Probability rate is also high based on risk and reward as well.
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My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same ...
As euro is trending higher we must look for opportunities that we could benefit with so price action based buy trigger and technical based support level.
Traders,
As you can see we have broken a weekly key price area with the full daily candle close below that level.
What we currently see is a pullback to a 4HR resistance, that of course is a pull back to the .500 fib retracement area.
When to Enter:
Once we see a trend break of the 1HR or 30M chart than we will be entering short with a stop loss above previous ...
https://www.tradingview.com/chart/Qzo2PlWd/
(If D1 candle closes below support, it will be bearish, but i am having an bullish expectation).
Bearish also because 4H candles are below 200 EMA.
lets wait for todays D1 candle to close.
EURUSD finally tested the monthly downtrend line and almost reached 38.2% fib retracement area. Current price action is stalling near the previous support zone. Higher timeframes are indicating a potential reversal is likely to be playing soon. So for now I prefer to remain standaside until the picture gets clear for building short positions.
Euro/$ is currently operating within a downward triangle, which I believe will be broken down due to the increase of USD. Noted are possible entries/TP's for the trade.
If this is a bearish crab then we are supposed to sell this stuff. The first target is at 1.2110, the second is at 1.1960. Let's see how it will play out :)
Sell below 1.2203. Stop loss at 1.2253. Take profit at 1.2089.
Reason for the trading strategy (technically):
Price has broken major support-turned-resistance at 1.2203 (Fibonacci retracement, horizontal pullback resistance) and we expect this to trigger a strong sell off that would push price down to at least 1.2089 support (Fibonacci retracement, horizontal ...
EURUSD has started to form a really strong reversal signal at 1.2058 (Fibonacci retracement, bearish bat harmonic formation, swing high resistance, bearish divergence, bearish price action) and all these point towards a potential drop towards 1.2011 intermediate support (38.2% Fibonacci retracement, horizontal pullback support) before 1.1972 major support (61.8% ...
EUR/USD rebounds from 1.2005
New trading session the currency exchange rate started with a rebound from alleged support zone located between the 1.2005 and 1.1992 levels. Until release of information on employment change in the United States the pair is expected to spend fluctuating in a two-day long junior descending channel whose boundaries are covered by the ...
