As we can see price broke the pattern to the upside and now we may have a great amount of rise soon after a retest of the breakout is completed.
Notice: if price falls hard, then again strong daily support is ahead that can give price some strength as you can see mentioned on the chart with green zone too.
Hello everyone, if you like the idea, do not forget to support with a like and follow.
EURUSD is sitting around non-horizontal support in brown so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: EURUSD is forming a channel pattern in blue...
The price is stagnating above the trend support level. In the shopping area. I am waiting for a false breakout, since after a false breakout there are the strongest movements and growth. Target - level 1.21
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
The downtrend on the hourly chart is still there. While that's the case, then we should be looking for short opportunities only.
The first reversal signal will be if we see a breakout of previous high and that's why we place our stops there when we are entering short positions.
The opportunities that we currently have:
-sell from 1,1789-90 with stops above...
Somewhere you can find the term as "Deferred orders".
These are orders that will be filled in the future, once a certain condition is met.
Most often this condition is reaching a certain market price.
The most popular pending orders are Stop and Limit!
Both types of orders become market orders when the initially set price is reached.
A break of a trendline and a retest of that trendline @ 1.17800-1.17900 ish,
Price may be looking for liquidity to fill that Supply Zone @ 1.9900 and a push in FOMC this week may show the direction of the greenback.
Moreover if MACD is being used, we may see a divergence in play on the H4 Timeframe.
My outlook on EURUSD is BULLISH.
Price is close to strong support (1.17500). I'm waiting that price can break upside of wedge and turn trend. We can open long position as soon as EUR will start growing. Resistance (1.19500) can be our main target for now.
We are waiting for FED's interest rate decision tomorrow.
This is the most important event right now.
Based on that a lot of trades are being taken and future moves are being determined.
That's why we recommend to not trade before such an important news.
Once we have a clear market direction, that's when we want to get involved.
What are the expectations and...
The ECB enhanced its commitment to keeping lower rates for longer. The ECB wants to see its own forecasts point to 2% annual inflation in the middle of its horizon – and holding above that level until the end of that period – before considering lifting borrowing costs. The bank's scope is three years, and its projections in recent years left estimates at below...
Hey traders, here is the analysis for the EURUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions...
welcome to another free trading-setup.
Notice: This is a beta-version of my new system! Please trade it only if you agree and with a decent risk!
ALL TRADES risky ahead FOMC!
Point of Risk-Reduction: 1.17990
Stop-Loss: 17 pips
A quick round of illustrations to review the swings in euro...
The idea of the swing; we are mapping bids and offers, no more no less. Two battlefields, the wings are what we attack on and the centre is where we begin to clear (into thrusts and etc).
Lets start with the Yearly chart for our macro direction:
Hello Traders! This is the full analysis for this pair! It will include key areas of Supply & Demand zones. This trade will not be taken if all the entry requirements are not valid. If you have any questions, just comment below. I'd be more than happy to help. Please leave a Like and Comment below if you found this analysis useful!
Same strategy different day! Consistency in the way in trading ,5/15min combo, my speciality. I am pushing my limits mentally, Less trades, minimal losses. I Executed on the 5min time frame. 80% of my position is now closed. My Weekly targets are already hit.
In two weeks i will be delivering free video tutorials .Make sure you follow us do you dont miss out!