Hey tradomaniacs,
looking at EUR/USD I can see a possible long-scenario in order to continue the trend.
Technicals:
The previous fakeout by DXY caused a sell-off in EUR/USD which instantly stopped by the retest of the current two trendlines and key-support-zone.
Currently we can see a Flat-Type-Correction which is very typical for the 4th-Wave of an...
As long as EUR/USD Holding above ascending channel and price 1.1690, it has a chance to test the 1.2000 area. only breaking below 1.1690 will lead for sell. EU funding and USD's weakness is helping EUR to rise upside. The short term uptrend is still valid as long as EUR/USD above 1.1690.
EUR/USD Buy Zone @1.1750
sl: 1.1690
tp1: 1.1900
tp2: 1.2000
After an eventful day yesterday with a lot of economic reports,
EURUSD is now in a decision state.
We can see a clear textbook bearish flag formed on the EURUSD and I will look
for bearish entries after a breakout from the flag.
The exact signal with the Entry Point, Stop Loss and Take Profit
will be sent in my Telegram channel soon!
Regards,
Mario Anderson - LegacyFX
Hello Trader, Here is the full analysis of EURUSD:
1) Monthly - No significant price action found.
2) Daily - There is a retracement upto 23 and expecting it to test 0.38 and 0.5 fib levels.
3) 4hourly Prices are moving between 1.1345 and 1.2686 levels
Action
Expecting a fall upto 0.38 and 0.5 fib levels because of very big impulse and we can see short...
EURUSD Forecast for NEXT WEEK. How will it end for the month of May? My BIAS is SELL..
Why? Big RED Candles at 4H. Bouncing at Fibb Key Points.
Big NEWS: All 50 states have begun reopening, easing restrictions on businesses and social gatherings after two months of lockdown. Plus US-China Tension. (Strong USD)
Will it happen? We will see next week.
If you like...
After some attempts to trade bullish scenario on EURUSD but not getting the expected big impulse in wave 3, here is my alternate bearish count suggesting that wave 2 correction might not be completed yet.
We've seen a three-wave down in wave (a), three-wave up in wave (b) indicating an expanded flat is in the making according to wave principle. For the expanded...
EURUSD is sitting at an important confluence area comprising of support zone, 61.8% Fib, and broken daily trendline.
The pullback to this level can be easily labeled as a double zigzag in wave (ii) as you can see in the 30 minutes chart below.
Price is expected to resume the wave iii of (iii) of 3 rally from or near the current market price as long as the...
The EURUSD saw a massive sell-off last Friday, which led to the formation of a bearish Pin Bar at a critical supply zone and weekly descending trendline.
Although EURUSD seems to have resumed the advance from 1.087 major low on the chart, the correction might not be completed yet.
The price action after the advance showed a three-wave down in wave (a) and...
Eur/usd , Downtrend is there on the charts , one can take short and hold for a good.
It has broken the upside channel before only but one who missed the right entry can take position here also for short so keep the quantity less because stop is little far.
Trade based on your risk - reward .
Support broken
Support tested by a pin bar
Pin bar = price action sell signal in this location
Market structure = bearish (lower highs and lower lows
Selling at market price @ 1.11092 with
# SL above the pin bar @ 1.11187 and
# TP lower down at previous swing low @ 1.10386
Nice setup here providing a 1:3 risk to reward ratio.
Don't invest what you can't...
Hello to all watching my charts
Lets have a look to my favourite pair EURUSD today
Due to political statements of Draghi the pair have startet
a new Long wave. sinc q few days
(Maybe you rmember my Post: Possible trendchange to LONG..)
Thats startet some days ago
Whats interested ia, that now we build up a stronger
longchannel in the normal channel, so the...
# Support broken
# Inside bar pattern printed and validated with a candle breaking the low
Selling at market price 1.11810 with
# SL above the inside bar @ 1.12069 and
# TP lower down targeting the previous swing low @ 1.11297
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...
News:-
=======
#One thing is that most of the members say that after the second quarter, the economic growth will revolt. In the second half of the second half of the second half of 2014, growth will increase in the second half of June-July. As soon as we enter the EuroBo mode, it will not be possible to enter the beginning of June or enter the last week of...
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...
