Hey traders,
In this educational post, I want to discuss with you one of the most accurate REVERSAL candlestick patterns - the engulfing candle.
On EURUSD chart, I spotted for you bullish & bearish examples of this pattern.
The logic behind this pattern is quite simple:
⭐️In a bullish trend, after a strong directional...
This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask .
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 17.Oct.2021
⚠️(DYOR)
EUR strengthens its position, despite the poor August data on the EU external trade. The trade surplus fell significantly from 20.7B to 4.8B euros, which was significantly worse than experts' expectations (16.1B euros). The countries of the Eurozone actively imported energy resources, the prices of which have noticeably increased recently, which was the main...
EURUSD present a structure trade more than others. A daily chart sell zone of 1.1641-1.1522 provide a great shorting opportunity for trend trading traders.
Even a break and close below, the key resistance level is held at 1.1686 for a final shorting opportunity as a trend trading opportunity.
Hi traders
still bias in a uptrend, if you wanna take short drop do know you will be trading inside the pattern. I will wait for buy setup, from floor I will watch for impulse and correction to confirm buy on lower time frame. do manage your trade well
Here is a signal on the chart that shows us a short position on EURUSD, the up trend is not too powerful to pass the top so the power of bullish candlestick are not like the bearish one's
Good luck and happy trade
From a technical point of view, I'm looking for short term upside movement to take advantage of. What I see is an almost completed flag formation in the 15 minute timeframe. Use proper risk management.
For educational purposes only
EURUSD broke above the top of a falling channel and a supply zone at 1.1590, marking an end of the current short-term bearish trend.
The market may falling into a ranging market or reverse into a short-term bullish trend towards the top of a 5-month falling wedge.
At the same time, the dollar is retreating from its high amid the market has already priced in a...
i expect price to come to the RBR demand level before going up fully after a ending diagonal formed on the H4 and is which shows exhaustion of price to the downside
I tried to test my experience with you guys and I am not a big trader or big technical analysist but in monthly time frame I am seeing down trend for a long time. If we are professional traders so we need to see big time frame chart and direction as well. I fundamental news change direction of EURUSD so it could be happen but technically it moves down. It's my...
We finally seen a bit of weakness from the US dollar last week which pushed a few USD cross pairs up... EURUSD included, but I'm expecting price to have another dig back into that new support area around 1.15400 again and possibly further, so my eyes will be pealed probably early London session tomorrow for possible short entry's if price can push up and give...
Hello traders.
Here i am looking at the EURUSD and we have been down trending for sometime now. We have rejected the 1.15500 and created a W formation at that price level. We have now broken above the 200 MA and we are sitting at the 1.16 price where we are creating a pattern to go long. The 1.16 price Is a High Volume area where we could see a big push away...
QML spotted (orange) and the double top i see in the 4 hour is a good indication it will go down, however my target is the BPO waiting to get filled then to go to the upside long term you know)
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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