The price perfectly fulfilled my previous idea. It hit the target zone. FX:EURUSD rebounded from the support level at 1.07100, and it's heading towards the next resistance zone. On the daily timeframe, we have a bullish move followed by a doji candle. This suggests the price might rise because the market broke the structure and made a higher high. The market, as...
-Retest of Neckline of Head and Shoulders. - Elliot's Wave 5 coming. (bigger time Frame and Smaller Time Frame.)
I t has been a crazy week entering trades in a bulk operation trading full margin knowing very well what is about to go up, MARKET GLITCH STRUCTURE.
looks like we hAVE strong trend here.......................... FX:EURUSD we can take buy from this zone and target the higherr levels ..................................
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
Take a look at our analysis for EURUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.068. Considering the today's price action, probabilities will be high to see a movement to 1.072. P.S Please, note that an oversold/overbought condition can last for a...
This is my Intraday analysis on EURUSD for 25 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Euro's recent strength: The Euro has gained some ground against the USD lately, fueled by weaker US data and supporting the Pullback Phase after the YTD...
The price is moving sideways after a bearish week. On the weekly timeframe, FX:EURUSD formed a doji candle, indicating indecision in the market. The price has broken through the important zone at 1.07000 - 1.072000. Most likely, the price is going to trend downward towards the demand zone 1.05000–1.05500. I think the market will make a pullback, taking...
EURUSD Hourly Trading Journal Cool how price right to .618 level to be rejected and close on Mondays open. I suspect we could see price sweet that level as it inches its way through this SIBI running to the 50% level. Where Price started is where Price landed, just above NY Midnight Opening. Price created the London low while it rebalanced in the 4 hour...
EUR/USD maintains an upward channel oscillating around the 1.0700 level. The weakening strength of the USD is gradually paving the way for a gentle rise in this currency pair. From a technical standpoint, we observe that EUR/USD continues to hold above the simple moving averages (SMA), while the relative strength index (RSI) remains around the 60 mark, indicating...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0729, which is an overlap resistance. Our take profit will be at 1.0666, an overlap support level. The stop loss will be placed at 1.0804, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may...
Hello everyone, it's Brian here! In today's trading session, the Euro appreciated against the US Dollar, gaining over 0.40% and trading above a key resistance level. The economic data from the US came in softer than expected, weighing down on the US Dollar, which underperformed against most currencies. This has helped push the EUR/USD pair to trade around 1.0705....
EURUSD is currently exhibiting a minor bullish momentum on larger time frames such as H4 and H1. However, we anticipate a decline towards the level of 1.07236, which aligns with our Grey area. Once it reaches this level, we'll initiate selling positions. Stay updated for more insights and trade opportunities.
EURUSD is rising toward the pivot point and could potentially fall to an overlap support level However, a break above the pivot might lead to an ascent towards the next resistance Pivot: 1.0729 Support: 1.0680 Resistance: 1.0804 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
EURUSD is falling toward the pivot and could bounce off a pullback support Alternatively, if price breaks below the pivot, it could continue to fall to another overlap support level Pivot: 1.0680 Support: 1.0640 Resistance: 1.0729 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
On April 24, 2024 2:43AM UTC OANDA:EURUSD is moving in a rising channel as shown on the 4h chart A breakdown below this channel would suggest a further decline to 1.0542 (first target) and 1.0402 (second target) If using a sell stop order, one can place the stop loss right above the lower boundary of the rising channel.
Yesterday I was looking for EURUSD to pullback off 1.0714 strong level which worked perfectly. Was looking for 1.0698 to hold but EURUSD dipped to the PZ before recovering. Red daily candle, though only slightly, thus IMO it is not clear but I am leaning towards a move lower. As long as 1.0714 holds -possible retest and rejection - look for a move down to break...
The observed trend suggests a potential emergence of a hidden bearish divergence, characterized by a scenario where the Relative Strength Index (RSI) is anticipated to traverse into oversold territory while concurrently surpassing its preceding high, juxtaposed against the market's formation of a subsequent lower high. This divergence pattern typically signifies...