EURUSD has rebounded from the resistance trendline prior to the EUR Unemployment Rate data, which shows the percentage of the workforce unable to find work. Technically the pair has rebounded from the resistance trendline and the Parabolic SAR is now indicating downside. We are looking for downside into the 1.1714 level.
Looking at a buy position from here once the 30m candle closes above this level of support. This is a tricky trade as we are trading against the range on the 4h time frame, however as it is only a 10pip scalp it is not too unreasonable to make this trade, especially as a higher wick would need to form for the next candle. This is a risky one, I will only be...
EURUSD is trending to the upside today prior to the Jackson Hole Symposium, which is a forum for central bankers, policy experts and academics to come together to focus on a topic. Technically the pair is holding the support trendline, and we anticipate continued upside into the 1.1810 level.
EURUSD is trending to the downside prior to the USD CPI data, which measures the change in price across a representative basket of goods and services, and is used to monitor inflation. Technically the pair is below the resistance trendline, and has also broken below a key support level. We anticipate continued downside into the 1.1770 level.
We have broken bearish trendline awaiting a retest. so we are still short. reaction yesterday was expected as EURUSD and USDJPY were at significant support and resistance zones respectively. these pairs are highly correlated. check my analysis for EURUSD yesterday and you will see the expected reaction before market acted. today we expect the market to move...
currently at support. chart pattern suggests retracement to 1.1750 then short again from that level to later retest lower levels. currently no signs of a longer term reversal so net short.
EURGBP is trending to the downside prior to the GBP Retail sales data, which measures the total receipts for retail stores domestically. Technically the pair is below the moving average ribbon and has broken a key pivot level. We anticipate continued downside into the 0.8508 level.
Last week rejection candle is not enough to drive price up to the seller's level as EURUSD still touched the low at 1.18000 forming a bullish engulf. With a strong bullish candle, EURUSD is likely to rally to the seller's level at 1.19360 in coming days. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
EURGBP has traded into resistance prior to the ECB President Lagarde speech, which will provide insight into future monetary policy decisions for the European Central Bank. Technically the pair is at moving average and trendline resistance, and we anticipate downside today.
EURUSD seems to have complete making a weekly L-H, sellers keep coming up anytime the pair touches 1.22556 and have drag it to 1.21090. I would like to see more selling pressure next week. For now, Fibre looks ready to decline toward its ascending trendline. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Good afternoon ladies & gents, Opportunity to re-enter another long position on EURUSD following on from the previous trading idea. Objectives for this position have been outlined. I'll be taking a chunk of my profit @ 1.22000 and letting the rest run Good luck :)
Good morning ladies & gents, After a period of accumulation, it is highly likely that EURUSD will start a bullish cycle up, this analysis is supported by a multitude of reasons. 1) After a period of accumulation, it's often that we see an inducement out of one side. This is the "Manipulation" phase, whereby they move price to simultaneously neutralise buy-side...
Goood morning ladies & gents. After taking out an area of buy-side liquidity, EURUSD fell into a multi-day consolidative range - today it broke to the upside. Now, EURUSD remains bullish. I'm looking for a pullback to this area (1.22305) where I'll be looking to take a long position with my take profit at the monthly swing high. Commitment of Traders data...
Good afternoon ladies & gents, After reacting off our H1 Bullish Orderblock based on my previous idea, we are now seeing another entry with a super high risk to reward possible to stack on top of the first idea. I'm looking for a long position off the same H1 Bullish Orderblock overlayed with the M30 Bullish Orderblock. I anticipate price to clear the highs at...
Dollar is weak in my opinion and looking to run the lows on the daily chart. IF we do break to the upside I will be looking at 91.40 and 91.95 for a reversal. Currently long from last week on Aussie and Fibre. So just managing this for now and waiting for new opportunity. HV News only thurs/friday this week for AUD and EUR
Please see previous video about DXY and Fibre. This one is just an update to that. Market is still looking good long term even though this week showed dollar strength. But on HTF it was just a little bump to 78s
Vid explaining why I posted the DXY and Fibre Long Term Chart
EURUSD will need to overcome the selling pressures at 1.22500 level IF it intends to rally above 1.25000 in order to create anew 2 year high. Failure to overcome this level may drag the pair to its mean value. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades