Posted earlier is a Weekly outlook of EURUSD. On a lower time frame however, the pair is showing high possibility of going lower. In the event that price rally up but got rejected below 1.22600, then the pair is likely going lower. A close above 1.22600 will indicate price momentum has changed to bullish even on H4; hence a long trade outlook begins. N.B - Let...
With Fibre unable to close above the closing level of Week 14/12/2020 at 1.22524 as posted last week (see below), the pair has finally indicates its weakness and ready to revert to its mean or below. Any short-term (H4) rally-up could possibly be a good short trade. However, the pair on the longer timeframe is still bullish!!! N.B - Let emotions and sentiments...
It was a PERFECT trades/analysis, Nice rally and great profit. I closed my long position. Currently, I reckon that there are possibilities EUR/USD will break the trendline. If the price can break out and set closed below the trendline, most likely EUR will fall to the potential target in a day or two. PS: This analysis fails if the price rejects the...
EURUSD is now close to the predicted 1.23000 level as indicated in the Nov 7 post (see below). With the recent little pause, the pair has gathered much momentum to violate 2018 swing high at 1.25557 and create a higher-high in coming days/weeks... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Self Explanatory. You get a better picture of these levels when you take a look at the 5 min chart. The Dollar isn't healthy. I'm banking on foreign currencies until there's. shift in the cycle which won't be for another few months.
I try to keep my trading to a minimum and only during certain times. At the end of London is one of them and though I failed my EURUSD call last night, It was my fault for not checking the calendar on the financial status of the euro's interesr rate, I believe it was. As it was coming down just around London close I noticed an odd candle at the perfect spot I like...
You have two solid bullish candles from yesterday that did not crack a previous high. The high came after a rejection bearish candle. The two solid bullish candles were over shadowed by two waining bearish candles and one engulfing candle taking us down to the low of the week.. so far. Generally in a weekly structure that looks like this, the actual weekly low...
Using ICT's Market Efficiency Paradigm concept to get into a short at ICT the breaker. Click on the hyperlink to watch ICT teach this concept.
Price is going to run the high @ 1.20114 creating a swing high. Then it would be a good time to look for bearish moves to the equals lows at 1.16029
Yes, I know my chart looks Sloppy, but when you analyze the 5min chart for price action, it's going to look that way. Now... First Piece to this puzzle DXY RSI divergence with Price Action. Looks like we should see a bullish Dollar after breaking a new low. And I wouldn't trade this Until we have confirmation that it does break a new low and/or comfortable with...
Click the link in the "Red circle" to see the previous analysis. Finally, it reached the "Potential target 2". I reckon if it can break the "Potential target 2" zone, EUR will keep climbing to the next targets, long-term plan. This analysis is only based on the price action. Please do your research regarding the Fundamentals.
So this Blue Horizontal line that I've had on my charts for quite some time represents a significant resistance/support line for the past 8 years or so. I call the daily bias for the EURUSD to be a sell, and it was overnight and when I woke up I immediately exited the trade with a mere but decent 20 pips, closing the trade at 1.18337 about 8 hours ago. The move...
I'm practicing the reasoning I would have to trade a specific direction for a daily Bias. Today, November 19, would be a sell bias. We've reached another resistance area that could not be broken and have a few daily lows that can easily break. Not only that, there have been some false breakouts aka "Turtle Soups" that have resulted in a short drop followed by a...
SMT = Smart Money Theory After looking at this from multiple time frames, price action needs to have a daily bias and after today it seems to have turned from the sell to a buy bias. Price seeks previous highs and lows to break and now we have multiple highs in succession and it is close to those highs. However, there needs to be a pull back before moving...
EurUsd is up in a long run. We don’t know when correction will be over but we know fiber is in uptrend.
If you study any of ICT's work you can see why this would be called. I just hope it's the correct one. Buy-side bias with highs to attack. A large gap to fall back to for the buy at a break / order block. And the price action should do the rest of the work.
Kinda Self-explanatory. Price hit a major breaker. The goal is for the take profit to beat the current low and the stop loss to be just above the current swing high. Plus it just changed sentiment and when measured with a fib, it's already bounced off some key levels. Maybe expect it to get a little higher at the cluster of breakers but there is where I would...
the pair is completing a complex corrective cycle labeled as W,X,Y, which in my opinion can be already done and we will start looking to short the pair from current levels. however because of the US Elections today im assuming there might be a more Complex scenario that can push the euro higher to an extended wave (X) before falling down. thats why i will be...