EURUSD view on H4 Note the lower highs that has formed indicating a bearish trend. The triangle pattern marked is indicated by the MT4 indicator Markup Buddy. This indicator is excellent in drawing key support and resistance levels where chart patterns then come forward. # For more information on Markup buddy please read here www.profitfxza.com See my...
# Lower highs formed # Support turn resistance re-tested and pinned # Bearish engulfing candle pattern completed (sell signal) I am selling at market price @ 1.12003 with # SL above the bearish engulfing @ 1.12430 and # TP lower down at support @ 1.11215 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me...
This is a simple yet effective strategy that offers great risk to reward ratios and a good strike rate. The RSI is heavily oversold so I am looking for a buy signal and an inverted hammer has been completed. This is enough reason for me to enter the trade... # RSI oversold so looking to buy # Buy signal printed (inverted hammer) I have bought at market price...
Shorting at market price - price has pinned the minor resistance and printed a sell signal (railroad track) Selling at market price 1.12926 SL above highs @ 1.33567 TP lower down 2 support 1.12186 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
1. Price is trending up 2. 21 MA pinned 3. Support of 1.13 pinned by hammer Buying @ market price 1.13088 SL @ 1.12890 below the pin bar TP @ 1.14123 at resistance As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Who Else Selling EU: Sell EURUSD Trade Idea: Nice Time To Open A Sell Trade on EurUsd. Seeing Some Bear Pressure Sure To Last A Day Or Two. Suggest Entering Here and Having An SL of 1.1396 TP: To Be Shared On Live Trade
Technical indicators are very sexy for new traders and even majority of professional traders but i will take a moment to tell you why they don't work most of the time. Also Scammers who want you to believe that somehow this indicators and systems created from them are magic bullets . The truth is they are not and that's why 90% of all retail traders blow up at...
I will be monitoring this pair for further upside or shorting opportunity
Hi guys, You've probably been enjoying the EURUSD ranged market over the past week or so, but wondering where it will go next. If you remember, we had something very similar back in May. The sideways consolidation ended with a large impulse to the upside (bullish). If you look at figure #1 and #2; we are in the same type of consolidation pattern now. If the same...
I closed my EURUSD. My sell signal generated very little profit. The pair dropped a little, but mostly sideways. The EURUSD seems to be winding down to the bottom of the flag (i.e. my T Rex). It's a downward flag, but the swing trend is fairly bullish. Another patience game. I have alarms set for support and resistance. I'll wait and see which way it breaks out,...
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
EURUSD is expected to sink now. There are many reason why we feel it may sink. * Bearish Engulfing in WEEKLY Chart . * To sink and come near 1.0898 levels * Stoch RSI (3,3,14,Close) clearly states it may sink. * RSI (14,CLOSE) May not be of the same view. * CCI (20,CLOSE) may not be of the same view. Keeping in view the chart pattern we expect it to sink....