Diving into the EURUSD pair with a critical eye, my latest analysis, deeply rooted in technical patterns and economic foresight, strongly suggests a strategic SELL opportunity. The culmination of my review, which integrates Elliot Wave analysis, points to a significant turning point in the currency pair's trajectory, indicating an impending downtrend. This...
the price is moving in very nice waves and we are in the 4th wave now if we use the fib tool it indicates we can buy now
In my opinion it could be an attractive position ------------------------
the pair after breaking the down trend line the 71% and 78% fib level pushed it back again under the down trend line
after breaking the uptrend line the price is near an area of resistance which is very strong let s see how it will act near this area
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USDCDAD is a hard pair to expect its next move, but now we have this nicely respected up trendline. if we look at the trand line and put our fib tool we will see that we are near the trend an also near the fib 61% and 71% FIB levels. all we can do now is to wait for a bullish price action around our 2 point ( fib level, trendline ) and from there we can enter a...
Finally, the sideway movement was broke strongly to the downside. entering a sell trade will our goal in this pair. in order to have a small stop loss on this sell trade we need to wait for a little re-tracement either wait for upside wave with good price action or draw your fib tool once you have a bottom with good bullish price action referring that the price...
on the 4h timeframe we can see the pair draw its own scenario after forming a head and shoulders pattern which is a reversal pattern. i will explain shortly how to trade it and where exactly to put our sell trade. in this case we have the left shoulder and the head are formed we are waiting for the right shoulder to be formed. we can measure with our fib tool our...
After moving to the upside for very long time on all time frames, we are witnessing a great reversal pattern on this pair referring to a big change in the main direction of this pair. the pattern is double top on the 4 hours timeframe. we can enter a sell trade on this pair directly or we can wait for a little re-tracment and retest of the neckline, from there we...
I bought at the price of 5.900 myself and have been holding it until now Please review and enter in your own style
From my perspective there could be at least an upward movement until TP1 Please enter with your own confirmation
We have 2 trade ideas for the upcoming trading week Short trade: broken trendline and retested with a bullish candlestick closing on the trendline with a following bearish candle stick closing. next clear support area should get tapped which i boxed up. great risk to reward setup Buy trade: If we break above the boxed zone where it broken the trend line and...
the price is moving in a down trendline making a decent waves. after watching the DXY we can say that this pair will continue to the downside. right now we are in a middle of a retracement preparing the price to go down back again. we will measure the current wave with our Fibonacci tool and be ready around ( 61%, 71%, 78% ) fib levels with any good bearish price...
NAS100: Ready for a cell position after confirmation. I expect to see a short term long until entry point and then after a confirmation, like choch or flip in lower time frame, we can take the short position.
the price created a pattern of double top and the neckline is broken so we can enter sell trade now
the price is standing at a pretty strong area of resistance that might push the price downside
the price is moving in a good bearish waves we can sell now directly