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.
Attached above is a clear representation of how i generate a trade signal using chart patterns in confluence with indicators.
Trade 1:
Entry - Right Shoulder, 38.20% Fibonacci, Trendline Resistance, 50EMA
Stop Loss - Above The Head & All Structure Resistance.
Take Profit - Head & Shoulder Neckline Retest.
Trade 2:
Entry - Neckline Breakout
Stop Loss - Above ...
Hi guys, I am finally back to trading.
Had a great 2 week rest to travel around and have some fun.
1 trade of 2018, I am looking to buy EURUSD off this bullish gartley.
EP 1.2010-1.2020
SL 1.1980 (30)
TP 1.21 (90)
Wishing all of you a great trading year ahead, I will be sharing all my quality harmonic ideas as usual.
https://www.tradingview.com/x/6BtZbsRs/
Grate opportunity to have on your radar is this nicely formed bearish abcd pattern formation.
Moreover, looking left market is forming double top pattern, and if we go futher left, we will see that market is standing right now on significant structure zone + RSI is in overbought condition.
Targets are based on my own ...
Good day traders!
EURUSD is showing characteristics of a bullish impulse, with blue wave three in action. We know that wave 3 is an impulse, and also usually the strongest wave, meaning it must contain five legs and can move price strongly and sharply in the direction of the trend. That said, in our case we see red sub-wave iii) of three in progress, that can be ...
Price now making another rejection to 1.20800-1.21000 weekly resistance, & looks to be making a potential double top' after completing its inverse Head on shoulders pattern. If this level of resistance continues to hold, I will be looking for a deeper retracement on this pair..
EUR/USD trend slides below DMAs after hanging man formation, trend indicators signal bulls to inch higher but momentum indicators puzzle:
Hanging man pattern candles have occurred at 1.2044, 1.2058, 1.2032, and 1.2027 levels on EURUSD intraday plotting. After these bearish patterns, consequently, the prices slid below 21DMAs, more bearish rout on cards upon ...
Hi traders,
On the EURUSD 4 hour timeframe we can see that price has hit the recent top at 1.20 and could be making a pullback. I'm looking for a retracement towards the 38.2% and 61.8% Fibonacci retracement.
Cheers
EurUsd on the daily time frame is showing a nice bearish set up. Todays red candle looks like a rejection of the resistance confirming further down movement,
The first sell target will be the lower range, once that breaks youre looking at the next support level around 1.1864
Entry: Current Market Price
TP1: 1.1980 TP2: 1.1875
SL: 1.2090
Last year, I post it in TW version. Now, EUR/USD break the downtrend tunnel , which prove I am right: still bullish in 2018. Why and How?
EUR is more likely testing support 1 before it break resistance 1. It's also test the old downtrend tunnel.
If we observe weekly chart, we could a tunnel from 2015-2017, EUR/USD broke it and test it successfully! Using the ...
This post is inspired by the discussion with a group of my students. We were looking at where EURUSD could possibly turn
Spotted the following 2 patterns on the pair
- a Bearish Crab on the H4 chart. Completion @ ~1.2125
- a Bearish Shark on the D1 chart. Completion @ ~1.2085
Let's monitor this closely. Tonight FOMC. I would love to see another higher high to ...
