Hello,Traders!
EUR-USD is trading in a downtrend
And as you can see the pair is
Forming a bearish triangle
Which reinforces my bearish bias
And I think that after the pair
Goes back and forth inside the triangle
We will most likely see a breakout
And a move down towards the target below
Sell!
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EURUSD on the 4h chart retest the monthly support creating a potential double bottom pattern.
The price has tested the level twice and is now trading below a minor resistance.
How can i approach this scenario?
I will wait for the EU market open and if the price will break above i will look for a nice long order according to the Plancton's strategy...
The price perfectly fulfills my last idea. I expect the price to fall from resistance at 1.047,because the main trend is bearish. My goal is to support 1.035.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Dec 15th, 2020 : Buy to 1.232 then Sell BIG ...
Been short ever since.
Not happy about it since I am European but at least the chart worked perfectly.
After all we only need 1 trade like this per year, it's enough.
One Love,
the FXPROFESSOR
ps. we will probably see parity this summer..wow
The price channel is a limited trading range in which the price moves during a certain period of time. In other words, it is a "corridor" on the price chart. The boundaries of the price channel are outlined by two lines: resistance and support.
A resistance level is a price level from which price reverses as it approaches from the bottom to the top. This level...
Multiframe analysis is when we analyze the same currency pair or other asset on several timeframes at once.
You know that any price can be seen on a chart:
Daily
hourly
15 Minutes
5 Minute
1 minute
We have plenty of opportunities to study the behavior of the same price. And it is the multiframe analysis that will allow us to do it correctly and...
Hello everyone
Today I want to discuss Trading Robots with you.
In trading, any trading method takes place, especially trading using a robot that is devoid of emotions and performs everything that is assigned to it with the accuracy of a tick.
Robots have many pros and cons, let's figure everything out in order.
Advantages
Speed. Any program is able to...
Top-down analysis on EURUSD.
Breakout of a key demand zone explained.
Potential scenarios & trading plan.
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EURUSD | A Simple Trading Technique
EURUSD tested the price support area close to 1.0350 for the third time
during the last two months.
this is a clear signal that the old historical price area is pushing EURUSD up again.
We can not anticipate when it can happen but as long as the price is above 1.0350
it looks a very good LONG opportunity.
Targets on the...
Hey tradomaniacs,
market-depth so far looks like absoprtion is happening and bears are taking some of their profits after this strong move down.
Currently passive buying at the bottom plus stop-loss-hunting could push price up providing a nice opportunity to buy with a tight stop-loss.
AS ALWAYS - IT IS VERY RISKY to trade against the strong momentum to the...
🎯 Intra day levels where I would like to see my setups be formed during the first 3 hours of London and NY Sessions.
Please have in your mind that this is my Intraday trading pre-plan.
It means that at least the conditions described below must be met for valid entry. My reaction will depend on how the price will arrive at the level and there I will be looking for...
Bearish on HTF on EU, hoping that price chases buy side first this week as I do not want to sell from current prices. Rest of my thoughts are on the chart.
Pair Name : EUR/USD
Time Frame : 4hrs / Daily
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
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❗️The purpose of this analysis is to spread knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
➕ Key Technical /...
On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will continue to drop from the 1st resistance at 1.04882 at the overlap resistance in line with the 50% fibonacci retracement to the 1st support at 1.03483 at the swing low in line with the two 61.8% fiboinacci projections. Alternatively, price...
Right now, we shouldn't be selling as there isn't a good ratio.
First, we need to see a confirmation that the next drop begins and then to open a trade.
In best case scenario, that would be, after price goes a little bit above the previous high and it then shows rejection.
Entries could be made after an engulfing candle.
We're not looking for buys but only to sell!
EURUSD is still in bearish trend.
Since the last session, nothing has changed.
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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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