As we approach the FOMC meeting later today, there is anticipation of a potential bullish movement of the EUR against the USD, accompanied by a retest of the 50% Fibonacci level on the short timeframe and an uptick in value. Indicators suggest oversold conditions. Regarding the Federal Reserve, it is expected to maintain a hawkish stance, acknowledging persistent...
After a subdued performance late last week, the EUR/USD bounced back on Monday, challenging overhead resistance at 1.0725. A successful clearance of this technical barrier could pave the way for a move towards 1.0755. Further strength from this point onwards would shift focus to the 1.0800 handle, where the 50-day and 200-day simple moving averages converge. In...
The pair is moving in ascending channel with no divergnce available. The pair have made 50% retracement on fib levels and ready to make new HH
My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0720 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0707 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as...
EURUSD is currently forming a bearish flag pattern, indicating a potential downward movement. Given this pattern, it could be a favorable time to consider selling. However, it's crucial to emphasize the importance of employing proper risk management strategies when executing trades.
Two possible Short opportunities for EUR USD since Bearish Flag is forming in 4H that leads to scenario 2 However a small Bullish Divergence is also formed that leads to scenario 1. This is not a Financial advice DYOR
Let's line up entries 1. Re-entry at all levels 2. Trading full margin 3. Leverage 1000%
Hello everyone, subscribers! Please share your personal opinions in the comments. Boosts and subscriptions are appreciated. Last week, there were releases of the March PCE inflation index in the United States and a rate decision by the Bank of Japan. During this process, there appeared to be a slight continuation of the dollar's strength, with the euro expected...
Dear Colleagues, I suppose that the price has completed the correction and is now in an impulsive movement. Presumably in wave “3”, which means that the upward movement will continue. A small correction to the support area of 1.06595 is possible, then I expect the price in the resistance area of 1.07923. Manage your capital correctly and competently! Only enter...
Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 1.0709, which is an overlap support. Our take profit will be at 1.0808, which is a pullback resistance level. The stop loss will be placed at 1.0640, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level...
By looking at the chart in one-hour time, we can see that the market has corrected to the 50% Fibonacci range after a heavy decline, and we expect to rise to the 1.081 range in the market.
Wait for the price to break Support or Ressistance zone and after that to Retest again. If Resistance broke we set a Buy Limit exactly on the retest zone. If the Support broke we set a Sell Limit order on the Retest zone. Always DYOR
Depending on the structure in high temporality but looking at the dollar index I would like to look for purchases up to the area indicated above, leave your operations simple
eurusd sell when up and go down wait for good reversal candles stick
Market Analysis PT2/2 (1st May 2024) EURUSD Analysis On the 4 hour timeframe, price action has created a 4 hour bearish FVG which caused the bearish BOS. This makes it a very good Point of Interest for us to look for shorts from. Ideally during Asia/London, we see price retrace into the 4 hour FVG. Once price does that, i will drop to the 5/15 minute...
Looking to sell soon once i see break outs of the support areas.
An ascending channel pattern has formed on the daily chart of the EUR/USD currency pair. This followed a long period of bearish trend for EUR/USD. The pattern can be used for a downside breakout trade setup. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line....
Today's accumulation phase of EURUSD is depicted on the chart based on CCI + Chaos Theory.