I have been waiting for EURUSD to break this short term consolidation range to give a better idea of where price is heading, im currently looking at price breaking through this resistance area and a re test to confirm buy trades.
It seems EURUSD has been in a down trend on the 4 hour time frame and on the daily, and a bearish hammer candle has formed on the weekly chart. There also seems to be a nearly 50% retracement that has occurred within the channel, which is a good indication that it may continue to go in to the direction of the trend. Assuming it does fall, then it can be said it is...
EURUSD BUY NOW 1.2249. STOPLOSS 1.2050. TARGET 1.25
EURUSD has given a breakout from its downtrend line, but EURUSD price is still trading near that downtrend line in channel pattern, so the breakout is not so strong to change long term trends. Considering this, we might see a downside in EURUSD towards the support1, as it is crossing down trendline as well, so EURUSD might consolidate at support1, but if it breaks...
EURUSD was trading in a rising wedge, also it has breakout from long term symmetrical triangle on the upside. It was trading at the support line of the rising wedge, which was a crucial support line, as it breaks the support line of the rising wedge we might see more consolidation to the downside in EURUSD. Like/Comment/Follow For More Idea Note - Trade With...
EURJPY is trading downside from its previous top in Channel pattern also it is trading at its support line so we might see some bounce back in EURJPY from its support level towards upside one can trade with stop loss with support line and trade for long side for few pips. Like/Comment/Follow For More Idea Note - Trade With Proper Risk Management System Only Thanks
You can see that EURUSD respects this daily down trend. I know this trend already tested a few times but I still think there's more to go. This is how i have planned my 1:2 risk to reward trade: First of all; EURUSD just crossed the middle of the trend. We can expect a pullback to the middle support line. If i go short from here, my risk to reward will be 1:1....
Eurusd looking more sell Support break and next trend line support 1.11 1.10 area