This is for educational purpose only. this is a concept to support the dily bias and intraday market delivery.
on the daily i'm looking for eur to go higher and DXY to go lower
D: Uptrend, price retraced 38.2%
4H: Downtrend, price retraced 38.2%
1H: downtrend, price retraced 61.8%
CURRENTLY: I'm looking for price to go short to previous support area. Taking profit at 0 and -27 on minor structure fib.
After rejecting the 1.09000 zone as support and currently testing the 1.09500 zone we can expect more bullish momentum coming into EURUSD. We could see price increase as high as 1.10700
First trading day of the year in which we closed all positions and possible positions to set up positions again.
The following pairs have been set to follow:
EURUSD: alerted to the rising trend that is visible. 2024 started on a negative note, but now the couple seems to have found their way back up.
GBPUSD : the same for the Euro also applies to this pair. The...
"This strategy incorporates an Elliott Wave base, but I've simplified it.
Typically, it forms at the end of an upward or downward movement.
When you connect the lows and highs and observe the expanding WEDGE pattern:
wait for the candle to close above the upper SIDE.
If it retraces below, specifically closing below the upper SIDE, it's a signal to sell.
The...
EU shows a divergence above 90 RSI. Expecting big moves for this pair. A potential reversal point should expected on the weekly support level.
Please confirm your trades with your own analysis. Trade safe everyone!
The daily chart for the EUR/USD pair shows it remains pretty much neutral for a fourth consecutive day. The 20 Simple Moving Average (SMA) maintains its bullish slope but acts as dynamic resistance around 1.0970. The longer moving averages, in the meantime, remain directionless, far below the current level, while technical indicators head nowhere around their...
EURUSD looks like it has a bullish reversal pattern happening in the H4 trend. RSI seems to confirm this as well placing itself above the moving average. This will be considered a day trade/swing trade
EURUSD Buy/Long
ENTRY: 1.09702
TAKE PROFIT:
TP 1: 1.11935
SL: 1.09069
Please use proper risk management upon entering this trade.
Today, we will analyze EURUSD
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas...
Hello traders ,what do you think about EURUSD? This currency pair is currently trending within an ascending channel. It is anticipated that upon reaching the highlighted resistance zone, the pair will undergo a correction towards the channel's lower boundary and the designated support area. Subsequently, it is expected to rebound upwards from this level.
If this...
Hi folks today I'm prepared for you Euro analytics. Some time ago price reached the support zone and then rebounded down to the trend line. After this, the Euro started to move up in an upward channel, where it rose to the support level and soon broke it, but at once fell back to the support zone. Then price finally broke this level and then made impulse up to the...
EURUSD is printing a range bound activity on the chart. The RSI suggest that it shall breakout in bulls favour. Keeping in mind this a trade plan is presented here.
Account 10k
Risk Reward 1:1 & 1:2
Lot 0.46
SL 1.092
TP 1 1.09640
TP 2 1.09860
Entry Price 1.09419
