As I expected, the head and shoulders pattern formed And the right shoulder is almost complete With the formation of the right shoulder, we had the pullback But it seems that the price will be in the range for a while in less than daily time frames And I expect the bearish trend to continue after this pullback However, after the support break in this pattern, we...
Since the beginning of the year, FX:EURUSD has been in a downtrend. Despite occasional reversals from the lows, a broader examination reveals a pattern of lower highs. Recently, once again, EURUSD reversed from the 1.06 zone low, but its ascent was halted just below the descending trend line, followed by a resumption of the downward movement. Moreover, the...
Using the Elliott Wave Principle on the EUR/USD currency pair, we observe the formation of an impulsive bullish wave pattern labeled 1-2-3-4-5. Currently, the price is in the corrective Wave 4, located at 1.07345, which corresponds to the 0.382 Fibonacci retracement level. It’s anticipated that the price may reach the 0.5 Fibonacci level at 1.07108 before...
📊 According to the selling pressure in the market, if the range of 1.0717 units is broken and the price stabilizes below it, the price may fall to the range of 1.0690 units🎯, and in the case of the strength of the range of 1.0655 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range of 1.0760 units.
Hello! Dear colleagues, because I am constantly analyzing the markets with the help of wave analysis. Many colleagues ask me about it and I decided to make some tutorial posts to help you in this difficult task. I want to present this information to you in a simple and straightforward manner. Well, enough unnecessary text, let's get started! A bit of history...
Euro has been rejected during the NFP and my latest prediction starts to play out. Overall it's bearish again as the COT data suggest. Technicals also look beautiful - We closed below the H1 FVG and it has its CE in confluence with the H1 FVG at 1.07607 this is where I would like to short it again if we get the pullback. On a large scale, I think this scenario is...
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
EURUSD going to trade below $1 . It is going to be a hard fall, waiting some lame excused to be used as catalyst for the public to believe in. #FromTheFuture
On 1H scale, after Fib 0.382 retracement, the trend is likely to continue in bullish (upward) as still no RSI divergence is observed. My Trade values are depicted on chart.
EURUSD has attempted to pass 1.08135 but failed to break through resistance, for a swing trade of three weeks it shows it can swing from here on out. Looking to take two take profits TP 1: 1.06691 TP 2: 1.05283 SL: 1.08280
Hello traders welcome back to another Concept video. In this video, we detail some of the best times to trade the Eur/Usd Currency pair. This happens to be at Session opens. We go through the 3 Session opens and walkthrough examples of increasing volume ( Large candles). Session opens can provide a great catalyst for 1) a continuation of momentum of the preceding...
based on my strategy .. EUR USD giving a strong sign of bullish move . - keep an eye on the fundamental news .
Dear Colleagues, I believe that the price is in the impulsive movement of the senior wave “3” and in the junior corrective wave “2”. Therefore, I expect the price to correct to the area of 50% - 61.8% Fibonacci levels at 1.07217, then I expect the upward movement to continue and reach the resistance area at 1.08843. Manage your capital correctly and competently!...
The Euro (EUR/USD) is trading close to an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.0740 which is an overlap support. Stop loss is at 1.0690 which is a level that lies underneath a pullback support and a confluence of Fibonacci levels i.e. the 61.8% retracement and the 100% projection levels. Take profit is...
Hello hello, I am anticipating TWO possible scenarios. For context, you would have to know ICT's Concepts, particularly Time & Price Theory, Price Delivery Continuum, and the PD Array Matrix. Sounds fancy shmancy, but it isn't, it's actually quite beautiful. Anyway, the TWO scenarios are: 1. Price comes up into the RED circle area. We have a large inefficiency...
According to the analysis of 6 Apr, We had the head and shoulders pattern And also the triangle pattern Both patterns were completed And with the break of lower support in the triangle pattern, and also breaking the neckline in the head and shoulders pattern, We expected a pullback In my opinion, Polbek is almost complete and also by changing the dynamic...
👩🏻💻 Hello ! This time we're going to look at combinations. It may seem too complicated, but don't worry. In fact, any combination simply consists of two corrective patterns that you and I already know, only between these two patterns there is a connecting wave. Let's go straight to the rules and everything will become clear to you at once! ✅ Rules ✅ 📍A “double...
For the past 2 weeks, the EURUSD has been in a range. However, on Friday May 3, we broke out of the OTE zone we'd been in since April 11. This may mean a return to the upside. All the more so as the biggest liquidities to be fetched are at the top. Starting with this trendline on my chart. We then have an important first level to recover: 1.08800. Feel free...