This pair has formed an ascending channel with a 3 touches which means its a valid channel
so now we're waiting for a candle to close below the third and last touch to confirm the change of direction
But personally I prefer to wait for a trendline retest after breakout to enter the trade with a better entry point
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Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
I have been bearish on EU for a few weeks now, I'm targetting consequent encouragement on the large downside wick on the weekly chart. The previous target was filled perfectly.
Hello traders!
‼️ This is my perspective on EURUSD .
Here we are bullish from daily perspective, so I am looking for longs. I expect price to go a little bit lower and then to reject from bullish order block + OTE FIBO.
‼️Attention!!! Due to the fact that we have news on USD upcoming week, the analysis can be invalidated.
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EURUSD hitting the support area which is a confluence of daily, weekly and monthly support. It is very highly likely that this currency pair will bounce from this zone hard.
In the 1-hour period, we are witnessing a reaction below the trend line and on the support range of 1.06799, after which the range of 1.07614 is also a support.
It is expected that the range of 1.07614 will be touched again and the target of 1.07812 based on pivot points is not far away after the failure of 1.07614.
For the target of 1.08246, more risk should be...
2 minutes to read and reveal the the matrix!
2 clear, important periods for EURUSD in the last close to 20 years of trading circled red on the chart.
Period 1 - August 2020 - Feb 2022
"False break period"
Initially, pandemic caused a rush of investment, landslide USD down as cash was poured into
stocks, cryptocurrency, etc..
But peaking around December 2020, due...
The EURUSD shows bearish trend on 4H timeframe, with anticipation of price hitting support at 1.07208/1.06700, potentially leading to reversal and head/shoulder formation at 1.09055. Possibility of minor support hit at 1.07208/1.06701. Market volatility may be affected by Powell's speech and EU Economic Forecasts, hoping for a positive outlook.
We would be happy...
In a floor above the range of 137.512 A: We are building a floor in the form of a triangle pattern in the range of 139.543 to 142.344.
Now we are exactly on a static resistance area of 142.438. It is expected that by breaking it, we will experience a growth of up to 50% of the triangle pattern up to 143.859 area, which will be exactly on the static resistance...
The weekly close was very bearish, this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
The weekly close was very bearish, this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
EURUSD is trading in Ascending Channel Pattern . price is at upside resistance level of Ascending channel pattern also there is long term daily resistance level at current eurusd price level . According to chart pattern analysis we might see 200 pips downside in EURUSD price .
Trade according to your individual stop loss and capital risk management.
views and...
If price do not cross 1.15298 level then it can be consider as trend has changed and target will be long. Buy at the same level as current price is moving stop loss can be 1.15154 1st target will be 1.16424 and 2nd target will consider as 1.17470 and still can be hold for much bigger target. As weekly chart is also showing.
EURUSD has reverse from its resistance level and again trading in range bound . According to chart pattern analysis , we going to see further consolidation to downside in EURUSD . One can trade with short for EURUSD with stop loss and risk management.
Thank You.
Views and opinions are welcome to discuss in comment section.
SIMPLICITY IS KEY!! Pretty self explanatory what's happening on EU with simple price action 13 year 'Monthly Bearish Trend Channel'
1."TRENDLINES" (once price approach these on the timeframe drawn, I use for judging if the market will 'continue with the trend' or if candles break trendline then possible 'reversal') WATCH OUT FOR FAKEOUTS cause banks love to...
