Green trendline mach on 4h timeframe, we see nice rising wedge on 1h. Blue trendlines shows us that big chanel on 1D timeframe,
I believe that most of those who follow EU know about what I'am talking. So about market at the moment we are on top of EU daily chanel and I believe that we are finally moving to top of the wedge, so I expect small break to top before...
EU make a good double bottom and nice 100+ pips run
we are targeting retrace and back below lower trend line
This plan will work beautiful if NFP numbers come in dollar favour
if DXY breaks support--exit the trade
if the H&S formed on h4--we can look for short entries around 1.155 ---1.156-- we shall look for entries on smaller time frames for price confirmation and wait to see where the direction is before getting in short position
From 1D chart, we can see that price is still downtrend. Recent price broke the support (SBR) @ 1.16 BRN zone.
1H - Tweezer top formation. A valid sell Reversal Signal formed in the SBR zone.
Potential SL @ 1.164 - 1.165
Potential TP 1 - 1.1580
TP 2 - 1.1550
Make sure your RRR is at least 1:2...
Entry - 1.1755
Target - 1.16555 (120 pips)
Stop Loss - 1.18505 (75 pips)
This is a trend continuation idea for EURUSD. While some USD Pairs (AUD, CHF, JPY) appear to be at an inflexion point for a potential correction, in my opinion the Euro should continue this bearish cycle. I define a downtrend on a four-hour chart when the price is under the Ichimoku cloud,...
Triple top top possibly forming and it's at a good resistance. If you look on 15m chart you will see a triple top. IF it breaks the triple top formation expect the pair to reach 1.1935 by the end of today.
I'm buying EU with a SL around 1.78-1.79. There's a lot of bearish pressure so I doubt this actually plays out how I want it. This is a dangerous area to play with especially with the good US News this morning
I'm not going to overcomplicate this one. It looks pretty easy. Huge daily bearish divergence with a head and shoulders pattern. Targeting the previous support line:
Stop Loss: 1.20540 above the right shoulder
Take Profit: 1.17140 at or near previous support
Keep it simple. Good luck and thanks for looking.
This is risky, considering the strong wave of USD weakness, but my risk to reward ratio is very favorable. This trade has already been triggered at the entry level and is active. I'm basing my trade on technical, but also on a past support zone and the psychological level of 1.12.
To the left of the chart, you’ll notice some vertical blue lines, which identify...