This is the Forex quote for the Euro versus the Australian Dollar. In this quote, the value of one Euro ('base currency') is quoted in terms of the Australian Dollar ('counter currency'). EUR/AUD reached its lows in the midst of the European sovereign debt crisis in 2012, when it hit A$1.1619. Since mid-July 2012, the pair has recovered mainly due to the European...
■Outlook for the EURUSD 1W chart. Currently, we are in sub-wave ⅱ of wave (ⅲ). Sub-wave ⅱ is expected to complete soon. After that, sub-wave ⅲ will start. It is anticipated that sub-wave ⅲ will form a five-wave impulse. If the assumptions of this scenario are correct, sub-wave ⅲ is likely to break through several channel lines and resistance lines, and I...
Trading in financial markets is not merely a game of numbers and charts; it's a psychological battlefield where fears , doubts , and emotions can either propel you to success or drag you into failure. In this comprehensive article, we delve deep into the primary fears of traders, explore strategies to conquer them, and provide an in-depth analysis of methods...
EURUSD has been bearish for a while now. Price refuse to mitigate the last BOS , price reverse instead causing a Choch And by so doing we go Long
I believe we would continue going higher during the start of next week until we get to the first sell zone and may start to go down again or even go higher and reach the second sell zone and then go down. We have 2 extreme scenarios as well, one bullish and one bearish: Bullish set up is that we break above red line then we would go for the highest red box as long...
"Our ironclad departure plan: activating the 1R break-even function, initiating the 2R trailing stop, all executed through our in-house EA tool."
This this chart is read using the volume waves and Speed Index 1. Large Down Wave but Speed Index 11.6 is very high compared to previous SI numbers which means that buyers are stopping the down trend. 2. Largest Up Wave after a long time with normal SI= more buyers 3. Very Large Up Wave with normal SI = more buyers Therefore Long is the trade!
1. Higher Timeframe Daily IRL -> ERL 2. 4hr displacement -> entry on 4hr pullback into FVG 3. standard deviation used on 4hr displacement to find take profit area 4. risk model used 2:1 with monitoring of trade by trailing stop of 4hr close Entry: 1.06588 SL: 1.06900 TP: 1.06150 Risk: $1,638 Reward: $2,299.50 Lots: 1.75
Hi dear traders , Here on EURUSD chart I have spotted that due to strong USD and technically due to the strong bearish pressure during last week there could be a nice short opportunity here on this pair .lets keep this pair on our list . Hi dear traders , Here on USDCAD chart there was a nice bullish momentum last week ,so the price finally broke above our strong...
Still pegging off my last idea update Anticipate price to take out the previous support zone before I see continuation to the upside
👩🏻💻Hello! In this lecture, we will cover one of the options for corrective cycles, namely Flat. Let's now look at the 'flat' separately as a stand-alone correctional structure. I remind you, 'flat' and 'plane' are essentially the same thing. So, the 'flat' always has a three-wave structure, and it looks like this: 3-3-5. That is, you can identify it by the third...
On 15M timefrime sell side liquidty swept, expecting a retracement back in to the 1H FVG, and from there back down to continue the downward trend. TP1: Asian low liquidity: TP2 Open
My bias for EURUSD is similar to GBPUSD, as I'm seeking selling opportunities towards a demand zone. There's a 10-hour supply zone that I'm eyeing for potential sells to continue the downtrend. I'll be waiting for a high to be swept during a Wyckoff distribution before entering my sell positions. Following this, I anticipate price to decline towards the 3-hour...
Hello for next week I am looking to long the eurusd pair around 1.08 area. This is because the price is aleady around the weekly strong support and moving to the weekly resistance above around 1.093 - 1.094. To add, if you look at the h4 timeframe, there is a resistance becomes support and this is a good indicator of it to move upwards. Strategy - swing...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a not long time ago entered to downward channel, where firstly it broke the resistance level, which coincided with the seller zone and rose to the resistance line of the channel. Next, the price turned around and soon fell to the seller zone, but later...
22nd April to 26th April Week Analysis. It's all about probability. You can't predict price with 100% Accuracy, Atleast you can try it! Watch the charts, If you like then do follow on X and Tradingview.
Overall, the EUR/USD pair continues to maintain a downward trend. News reports of escalating tensions in the Middle East have spurred a flight to the US dollar (USD) as a safe haven, leading to the decline of the EUR/USD pair. However, upon examining the chart, clear signs of correction and recovery are evident. It is anticipated that the price will test the SMA...
The EUR/USD pair has witnessed a notable recovery above the 1.0650 level. Reports of escalating tensions in the Middle East conflict have prompted investors to shift their focus towards the US dollar (USD) as a safe haven, leading to a decline in the EUR/USD pair. From a technical standpoint, although the price is still maintaining a downward trend, signs of a...