⚡️ For a potential long trade: Look for a rebound from the support zone between 1.0630-1.0640. The nearest resistance level is at around 1.0700, but the pair could rise further to test the next resistance of 1.0760 if momentum builds up. 📈 💪🏽 For a potential short trade: Keep an eye on the pair around the resistance zone of 1.0700. If it faces strong selling...
☑️Broke the structure on the 4H timeframe ☑️Broke the structure on the 1H timeframe (confirmation) - NO If we break the market structure down on the 4H timeframe, the analysis becomes invalid🙅♂️ Good luck 🙌💪
6th January daily key reversal bar made a new low closed on the high. 1.0480 is the low of 2023. 15th march price tested back support 1.0520. demand zone for long 1.0550 & 1.0500. stop loss: 1.0470, initial target: 1.0740, medium term target: 1.0880.
support area strong long wick identified reversal spotted holding to tp1 with a stop loss
The day with the opening of ATR is more than half, before the level. If the opening point of a new candle is at a distance of more than half of the ATR to the level, it is most likely that the price in a state of struggle is “dragged” to a strong level in order to hit and work out limit orders at the level. Such actions will add “energy” in the movement of prices...
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Good day, dear investors and colleagues traders! Your attention a technical analysis of the currency pair #Eurusd: * Commentary on last week: The currency pair continued to decline last week, upsetting our plans for the short-term recovery of the single currency and giving us stop-loss. Over the week, the asset passed ≈ 130 points (or 1.03%). Positive...
EURUSD is approaching our first resistance at 1.1375 (50%, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.6869 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding...