The EURUSD is going up right now, but it looks like a dead cat bounce rally. It was a nice short-term bull market! We need to focus on the main direction of the trend, which is bearish.
I think EURUSD will go up to 1.06311, where there is an extremely strong resistance that should be a reversal point.
This is a once-in-a-lifetime chance to short EUR/USD!Follow...
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Today, I want to talk to you about the EUR/USD chart.
On the chart, we can see how the price formed an upward channel and is now trading near the resistance line.
I think price can rise...
Contrary to the USD/JPY forecast, the EUR/USD is a pair negatively correlated with the USD, today may take advantage of the USD and make a new Bullish impulse if the already talked Economic news on my USD/JPY analysis will be bad for the USD. Our Idea is strongly positive for the EUR/USD and all the correlated pairs, the last words will come from the market after...
The price perfectly fulfills my last idea. The market went up and reached resistance zone. Price is in ascending channel and it is heading towards resistance after breaking resistance. The price show a losing momentum and small range. I think it might go up and test upper border of the ascending channel from support if price rolls back to it . My goal is...
✴️Types of orders in trading
There are two main types of order: entry orders and closing orders. An entry order is an instruction to open a trade when the underlying market hits a specific level, while a closing order is an instruction to close a trade when the market hits a specific level.
✴️Stops vs limits
A stop order is an instruction to trade when the...
EUR-USD broke the key horizontal resistance
So we are now bullish biased
So after the pullback and retest
Bullish continuation is to be expected
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The EUR/USD after our yesterday's target reached, the price still inside a robust bullish rally where today will be decisive for the release of the economic data about the USD, in particular, the Unemployment Rate, the Average Hourly Earnings m/m, and lastly the Non-Farm Employment Change where for both three the forecast is negatively compared the last previous...
US jobs data coming up today. The news will cause movement so be careful.
Buys should be closed because the expected rise to 1,0540-60 has already been completed.
There will be an option for new aggressive buy trades on correction or after the news.
We expect the movement to end and reverse around 1,06.
USD served as well since December 2020 but the transition period back to normality is in progress.
It was a GREAT feeling having the chance to receive dollars and it was the same amount in Euros but nothing lasts for ever...
After all a strong Euro (at least a not beaten up one) is also 'good'.
My chart says EURUSD has now breached over 10.03827 which on my...
EURUSD market is testing the resistance and trendline (dynamic resistance) .
If price makes a false break at resistance following the triple test, then we can look for selling opportunities.
Price is likely to make another equal measured move.
We expect a short term price pullback.
Share your opinion in the comments and support the idea...
Finally, a bearish shark pattern qualifies as a shorting opportunity. It has been a long waiting opportunity for this shark pattern trading setup.
As you know or may not know that Shark Pattern can have as many as three different trading zones.
What is needed is patience; failure to do that results in the loss of profits from trying to capture it and losing...
💶💵EUR/USD Attention Bull Trap
💶💵Post is a direct follow-up to yesterday's post on EUR/USD
💶💵After a sharp downward reaction we are back around the resistance zone again, which I believe will bounce EUR/USD again towards the target set in the previous post.
💶💵The scenario I'm playing out is a continuation of the declines into the previously set support zone. I...
The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.