good morning everyone!)
yesterday EURUSD has broken above 1.1 structure resistance.
the next safest level to sell from is 1.18:
it matches with a current autumn's high
and it is a completion point of a projected ABCD pattern.
as always, wait for confirmation within the underlined zone before taking the trade!
good luck!
Plan : wait for prices to bounce off trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like...
EURUSD
US dollar weakness lead to EU pushing to the upside. Hitting previously anticipated levels of resistance. We ended up not taking a long on this pair because price only came down to our buy zone one time before climbing to the upside. Remember in trading you don’t want to jump on the first opportunity that is presented to you. Typically it’s smart to not...
After a lot of struggling to identify EURUSD bottom, the market has clearly indicated the direction of the trend.
The Zigzag pattern from the weekend analysis actually completed the corrective structure in wave (ii).
Since then, the price has made a five-wave up which I counted as an expanding leading diagonal, but it might as well be a "1-2, (i-ii), i-ii" wave...
Hello Traders ,
Lets wait till ECB volatility to finish and look for 4hr candle to confirm support /resistance on ascending channel line. we may be looking to sell near channel top and buy near channel bottom , as of now price has already moved up on yesterdays FOMC .
i'm looking for a breakout the trend line ( green one ) to go long on eur/usd .
also we have a good head and shoulders here it's a good opportunity to go long on eur/usd .
we have 3 TP
1- 1.1250
2- 1.1350
3- 1.1450
stop at 1.0960
good luck :)
As traders, it is inevitable to make wrong analysis and form incorrect opinion on your own charting. That is how we learn, imo. I was carried away in my own bias in analysing EURUSD.
Going back to the bigger picture, we can see clearly that EURUSD has broken out of the bearish trend line and also break out of resistance at 1.11286.
There is a bit more room for...
EURUSD D1 Buy:
- Break of daily downtrend
- Await retest of breakout area
Need confirmation:
- Bounce from breakout area
- More bullish price action
- Maintain a closure above the downtrend trendline
Entry:
- Enter between: 1.11000 - 1.11100
- Stoploss: 1.10400 - 1.10300
- Take profit: 1.14000 - 1.13900
Hello All, I have been...
RSI is in overbought conditions and H4 is showing RSI divergence when price made a higher high. An immediate target is 1.10750 with extension to 1.10420. This is a short term target as another rise to 1.1180 may occur afterwards where we can consider selling towards 1.09 (which is a long term target).FX:EURUSD
#EURUSD close to the big bearish trendline.
Possible short in this area, (we suppose at 1.1148 where previous big High Impulse had started).
SL over last resistance at 1.119
TP 1.108
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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.
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