A critical observation on the 5-minute chart shows a significant change in market behavior. This shift is characterized by increased buying pressure, as evidenced by larger bullish candlesticks, and a reduction in selling pressure, as seen in the shorter bearish candles
Hello traders. The trend will be determined after the news (NFP). There are many fluctuations, I think anything can happen. before the news is released and even half an hour after that. If the data is as expected, the dollar will gain strength and the euro can touch 1.066. If the data is weak, everyone is betting on an interest rate cut in the first quarter of...
A nice push back from the FVG after a quick grab of liquidity. We are currently trading back within the 15 min breaker block and we will see how we react from here. Taken a small scalp towards the top of the block and will tape read from here. Current trading range is clearing up and giving us a proper range to trade. Be aware of the numbers coming out today...
Price broke the trendline on 1H EURUSD. There's been a retest and price might likely react at the current demand zone and shoot up. Watch out for a potential bullish movement till the recent swing high.
EURUSD is falling toward our buy entry, the price could bounce off our buy entry and rise to our take profit level. Entry: 1.07542 Why we like it: There is an overlap support that aligns with our 38.2% Fibonacci retracement level. Stop Loss: 1.07122 Why we like it: There is a pullback resistance that aligns close to the 61.8% Fibonacci projection level Take...
As we can see on EURUSD chart , 3 drive pattern is some how confirmed and also it's major pattern's pullback is forming another 3 drive pattern ! It is wise to look for a bearish market !
It is expected that a trend reversal will be formed in the current support range and the beginning of an upward trend will be created. Then, according to the behavior of the price in the resistance range, the continuation of the movement process will be according to the specified paths If the price crosses the current support range, the continuation of the...
↪️EURUSD reached a strong horizontal support level yesterday. The market rebounded positively from that and succeeded in violating and closing above a resistance line of a descending wedge pattern on the 4-hour chart. I anticipate that the pair will continue to advance, reaching a minimum of 1.0845. To initiate trades, contemplate sporadic reexaminations!.....
The price made the impulse leg fall downward, breaking the strong support level. The market broke through the upward channel and closed below. The resistance zone is a previous-week low, and if it pulls back that resistance zone and rejects it, then the market may continue moving further downward because the price bounced off the upper border of it before. My goal...
*WEEKLY_ BOS to the lows possible trend reversal @ 78,60% FIB *Daily_Bullish *4HR_BULLISH (Creating HH & HLs)Waiting for reversal signs #BYKCAPITAL
US jobs data will be released today. This is important news for the market and we expect a reaction. Yesterday, EURUSD bounced off 1.0750 and started a downside correction. Today, there may be an entry on reaching 1.0850 (38.2 Fibonacci retracement) and a pullback. The target is a break of the previous low and heading towards 1.0660. It is recommended to wait...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0823, which is a pullback support that aligns with the 623.6% Fibo retracement. Our take profit will be at 1.0746, which is a pullback support level. The stop loss will be placed at 1.0876, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs...
Price has rejected off the (w fvg) and (m fvg). PDL was taken prior to internal disruption. Will like for price to correct (re-use) to 4h fvg. And continue NYO towards PDH. Precio ha rechazado el (w fvg) y el (m fvg). El PDL se tomó antes de la interrupción interna. Me gustaría que el precio corrija (reutilice) hacia el 4h fvg. Y continúe hacia el PDH en NYO.
EURUSD was somewhat stronger yesterday (compared to GBPUSD) as it went above Wednesday's high before pulling back. Similar to GBPUSD, it has broken out and stayed above the down sloping channel. Looking for a move higher, after an initial dip (to 1.0774), for a move to 1.0802, 1.0822 and 1.0852.
round numbers usually do the trick.. looking for bearish continuation in eurusd
Since the data on weds was usd poor. Going to go with a market miss for USD NFP and EURvsUSD upside to 1.09
Hello guys here is my eurusd My buy stop entry and sell stop entry (R2)108480 SL level (R1) 108181 1ST TP 108780 2nd TP 109080 MY sell stop entry 107570 SL 107770 TP1 107370 TP2 107170
retrace to approx 62% and spike to PDH as in chart.