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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.
1.17 has proved to be strong support for EurUsd with the pair strongly reversing yesterday from this zone.
As long as this support is holding my bias is bullish and a break above 1.1750 local resistance would give me confirmation
1.19 can be the target for swing traders
As I've written before, EurUsd is trading in a large H&S for more than a year now.
At this moment the pair is exactly in horizontal support and a break here looks imminent.
1.19 is very strong resistance now and only price above this zone would put EurUsd in a more positive perspective.
Sell rallies is my strategy and swing traders can target 1.14 for their short...
EURUSD is trying to break back into its support area, we can see a Doji forming on the monthly chart which indicates an indecision.. typically this would indicate a reversal or pullback
We would need to wait for price to show us what it wants to do on a lower timeframe before entry... however my bias is long
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Entered a aggressive market sell on a bearish engulfing and bearish structure
Reasoning (Medium Conviction):
There is an imbalance in price from the previous bullish run
Price tested and rejected order block
Price tested and rejected 61.8% Fib Level
Price tested and rejected level 1.16000
Bearish engulfing candle
Moving average crossover & Rejection on...
Overall trend is still bearish with a expected retracement before a continuation towards the downside.
I'll be looking to tell around the retest of level 1.16000 towards previous lows and potentially level 1.15000 (Lines up perfectly with the -27% fib extension.
Look out for bearish structure/pattern/candlestick forming on M15 or set Sell limit
The last weeks was one of the downward week in EURUSD
We think in this week the market is better than the last and In here we have a trendline that was broken and the market is ready to pullback to that and continuing the upward trend .
We shown on chart buy zone area and this means you buy in there and put stop loss and wait until the Tp 1 will...
As we can see, We're Now in the Wave 5 With Divergence in MACD, The White Zone's the Perfect Zone for Buying Wih Low SP and High TP as Shown.
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EUR/USD broke support level and made retest. This mean sell signal is confirmed.
We open SELL trade.
ENTRY at: 1.1553
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I'm bearish EurUsd since the beginning of September when the pair was trading at 1.19 and was arguing at that time that in the medium-term we can have a fall to 1.14 zone support.
Since then, the pair has dropped 300 pips and now looks ready for continuation to the downside.
In my opinion EurUsd is strongly bearish under 1.17 and bears can look to sell rallies
Overall trend of EURUSD is still bearish and has just recently tested the FIB golden zone (50%-61.8%)
However, I do expect price to retrace to form a minor structural lower high before going down.
I would be entering for a sell if 3 or more of these confluences are met:
Break and retest of counter-trend line & previous minor high(Aggressive)
On the large scale, The overall Trend is still Bearish.
However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY;
Thus, I will expecting a retracement towards the area around level 1.16500:
Confluences at level...
In my last EurUsd analysis I said that I expect the pair to drop to 1.14 zone support in the medium term and the break under 1.17 support bring confirmation for this scenario
Last week, EurUsd has made a new local low at 1.1560 and, as normal, the pair has corrected some of the losses
However, the rise from this low has formed a flag formation which gives us...