Trend = Bullish
Markets are trending bullish and recently pulled back on the 4h and 1h...now the market is indecisive because currently i think it's ranging and a break either sides is possible......i will safely observe to see if i can get buys because of the overall bullish trend but none of this direction is safer according to my analysis...
EUR/USD is oscillating in a narrow band above 1.0900 in the European morning on Wednesday. The US Dollar struggles to extend the rebound inspired by hot US CPI data, underpinning the pair ahead of mid-tier EU data and ECB-speak.
In an era marked by economic uncertainties and geopolitical tensions, the Euro (EUR) stands as a symbol of stability and resilience. As one of the world's most powerful currencies, the Euro plays a pivotal role in shaping international trade and financial markets. Despite facing headwinds such as Brexit, inflationary pressures, and geopolitical risks, the Euro...
Price has moved up to supply zone, fair value gap is there , and break of structure so I am entering a sell down to a previous BOS aswell as an area where there is support/ resistance.
EURUSD could potentially make a bearish breakout from the pivot to drop toward the 1st support
Alternatively, if the price bounces the pivot, it could continue to rise to the next resistance level
Pivot: 1.0912
Support: 1.0871
Resistance: 1.0956
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
It is expected that after some fluctuation in the current support range, the corrective trend will end and we will see the beginning of the upward trend. By crossing the previous ceiling range, the continuation of the upward trend will be more likely
Dear Colleagues, I suppose that price has not completed the upward movement. Having analyzed by wave analysis I suppose that the price is in the senior wave 3 and junior wave 1. I suppose that 2 options are possible:
Either the price will renew wave 1
Or the price will correct in wave 2 to the range of 38.2-50% Fibonacci levels (1.08999), then it will start the...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.0895, which is a pullback support.
Our take profit will be at 1.0983 a multi-swing high resistance.
The stop loss will be placed at 1.0828, which is a pullback support level.
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Trading Forex/CFDs on margin carries a high level of risk and may...
Based on the M15 chart analysis, we can see that the price has just reacted off our sell entry at 1.0937, which is an overlap resistance that aligns with the 61.8% Fibo retracement.
Our take profit will be at 1.0907, a pullback support level.
The stop loss will be placed at 1.0954, a pullback resistance level.
High Risk Investment Warning
Trading...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.0927, which is an overlap resistance that aligns with the 61.8% Fibo retracement.
Our take profit will be at 1.0903, an overlap support level.
The stop loss will be placed at 1.2858, a multi-swing high resistance level
High Risk Investment Warning
Trading...
The euro has surged in strength as the global economy undergoes a robust recovery. Buoyed by improving economic indicators and vaccination efforts across the Eurozone, the euro has seen a notable uptick in value against major currencies.
Investor confidence in the euro has been bolstered by the European Central Bank's commitment to supportive monetary policies...
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent price rejection at a resistance level. This suggests a potential shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of...
Amidst the dynamic global economy, the Euro stands as a pillar of stability and resilience. Recent shifts in currency valuations have sparked conversations about the Euro's trajectory in the financial markets. Investors keenly observe geopolitical developments and economic indicators, seeking clues to anticipate Euro movements. From inflation concerns to central...
Despite global economic headwinds, the Eurozone stands resilient, navigating challenges with adaptability and innovation. With a steadfast commitment to fiscal stability and structural reforms, the region continues to forge ahead, driving growth and prosperity.
Amidst geopolitical tensions and market volatilities, the Euro remains a beacon of stability,...
EURUSD is currently at the pivot and could potentially fall to an overlap support level.
Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level
Pivot: 1.0937
Support: 1.0915
Resistance: 1.0956
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
Algo levels worked perfectly yesterday as both the lows and highs for the day for EURUSD were perfectly given by the levels. Lots of opportunities on both longs and shorts. EURUSD closed with a doji candle which is some sort of indecision.
TBH yesterday's CPI data is hotter than expected but not a lot; thus market did not really care. But IMO, price action for...
EURUSD
Pivot 1.09230
- If the price is higher than the pivot, open long target TP1 at 1.09570, TP2 at 1.09825, and cut loss if the price is lower than the pivot.
- If the price is lower than the pivot, short target TP1 at 1.09020, TP2 at 1.08730, cut loss if the price is higher than the pivot.
***Please money management***
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only...
