Price is receiving a strong support zone here and the first one is local support of the 1.1700.
Then if this support here breaks we have a strong daily support zone that is mentioned on the chart and can easily pump price like green path.
DISCLAIMER: ((trade based on your own decision ))
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In today’s video, we are going to learn the Classic reversal and continuation chart patterns, How to identify them and when to enter a trade, and how to use stop loss and...
In the 4-hour chart, the price is forming a potential Inverse Head & Shoulders pattern.
On the lower part of the previous left structure, we can also see that the price is showing some support near 1.1680.
This area may push the price higher again.
Targets:
1.1800
1.1880
Thank you and Good Luck!
The downtrend that started in the beginning of the month continues.
However, that doesn't mean we shouldn't see any upside move as well.
Especially for the intraday traders, a move of 50-100 pips would look like a reversal.
That's why it's important to be able to identify the trend and a potential reversal.
We're now expecting for price to go below last...
Summary: The German election offered no decisive outcome and we are now faced with the prospect of an extensive period of building a ruling coalition and a likely garbled policy mandate. Elsewhere, the issue that will increasingly seize market attention this week is the recent rise in US yields and how close the US Congress is willing to dance at the edge of a...
EURUSD
The price continues to move in a descending channel, in the near future I expect a retest of the support level, after which a cut up, if the price does not break through the resistance level, then most likely I expect a further fall down.
Have a nice trade.
Once again we are going to look at the analysis from last week.
(All the analysis are on the H1 timeframe and they show the main price direction)
EURUSD has now reached the first support at 1,1680 and everyone who has short positions could wait for the continuation or at least move SL to...
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EU, we are already in a sell from last week to the Triple bottom support level, We have a chance to continue to drop all the way down to a support level that hasn't been retested since July of 2020. Will wait for clear break of the area we are at right now and then a retest as resistance before getting into a second position to target this major level from 2020....
Hello traders;
Here is your EURUSD Focus for today;
According to our Currency Strength Meter Mark, the USD reads stronger than the EUR, thus only looking for BEARISH/SELL opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
Thank you.
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As it can be clearly seen from the illustration, the price is stuck in a sideways moving range, which indicates that the market is indecisive. Taking a look at the WEEKLY timeframe, it can be inferred that the price is located on a major zone of support. Our bias has turned bullish, and we are waiting for the market to grab some pace before we open BUY positions...
Euro is ready to go lower due to the fact that price fell again to support level and testing it now, price can break it and continue downtrend to the new support zone.
Traders will digest German election results, where coalition talks could take months. The left-leaning SPD secured 25.7% of the vote as the right-leaning CDU/CSU came in second at 24.1%, a historic low for the party dominating German politics after World War II. Possible coalition parties consist of the environmental party, The Greens with 14.8% of the vote, the...
Monday, 27 September 2021
14:57 PM (WIB)
EURUSD is near on Bullish reversal move, with more possibility to move upside into maximum 0.786 F
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
EURUSD got beaten down to previous support level, so it's a simple long or never situation and I put in an instant long order right away.
SL: below 1.1684, mine is 1.1682
TP: fib based, 1.1735 is good enough
Expected pips: 20-70 pips
Expected Timeline: max 1 day
Disclaimer: Chart does not show future market prices, make sure you adjust your trades...
Hi Traders
EUR/USD (Weekly Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 1.1656 support level. Only the upward break of 1.1916 would cancel the bearish scenario.
Trade details
Entry: 1.1656
Stop loss: 1.1916
Take profit 1: 1.1519
Take profit 2: 1.1274
Take profit 3: 1.0875
Score: 7
Strategy: Bearish Breakout
After the bearish wedge completed its final form last night a new pattern has shown with a bearish pennant.
Perfect for scalp traders.
I personally will be entering this trade when it reaches my sell limit for possibly 4 pips and moving my sl if the trend continues downwards.
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.
FXCM
