There is no doubt that EURUSD is trending lower, however it is completely in an oversold territory as the 4H RSI is indicating bullish divergence. Therefore this pair can be said to be in a consolidation phase. For this trade criteria to be met, the trendline needs to breached, after which the weekly pivots should be evaluated and a long trade can be placed...
A pierce of 4H candle through the swing high or the weekly R1 pivot would likely propel this pair towards the R2 weekly pivot. For this criteria to meet, we need the 4H candle to close above the swing high, retrace to weekly R1 and enter a LONG trade to target the weekly R2 pivot. Assessing the RR is very important. shall the criteria meet i will update the...
Trendline and D EMA break is required on daily TF for this pair to make an upmove towards the MONTHLY R1 PIVOT. The clearance of weekly EMA is also essential in this setup. shall all this take place, the path to the target would have least resistance. shall there be any updates i shall provide in the thread below
There might be a possibility of the current descending trendline break on 4H charts, which if happens the price might move to the swing high at WEEKLY R1 pivot. Shall the trendline break, it is advisable to assess the RR and if feasible a LONG entry can be taken. Shall the criteria meet, i will update the entry details in this thread
USDCHF might aim for S1 monthly support shall the ascending trendline break. For this criteria to meet, we need to see the daily candle pierce both the trendline and D EMA in the process. After this what is required is to assess the RR for this trade, if feasible we can enter a SHORT to target the S1 monthly pivot. The S1 Monthly pivot is also present in the same...
The above link describes how EURUSD might retrace towards the DAILY EMA and Monthly pivot which are both located at 1.16500 region and then from there a fall towards 1.15000 might likely occur. On this main chart of EURUSD 4H there are possible two scenarios which might take place this week 1) Have a look at the main chart. shall the ascending small trendline...
Depending on where the WEEKLY pivots present this week, shall the ascending trendline break on 4H charts there are two targets beneath that this pair might target as displayed on the main chart. However this setup depends on where the WEEKLY pivot appear this week. Once the criteria meet i shall update in the comment section
The path of least resistance towards 0.7000 psychological support is open for AUDUSD to test, provided that the trendline breaks. Shall the trendline break, the daily candle also needs to pierce and close below S1 monthly support. Once this happens the price will likely target S2 support that lies just below 0.70000 support. Shall the criteria take place, it...
Take a look at the above image of USDJPY daily TF chart. Its clearly visible that there many hurdles that USDJPY needs to clear before aiming low. In this case, the main chart that shows USDJPY 4H, shows that once the trendline breaks it will likely aim low. Due to this many traders might get trapped should they SHORT USDJPY once this trendline breaks. As a...
EURUSD is currently in downtrend! However 1.15000 acts as a strong monthly support. So based on the monthly pivot points its best to wait for slight retracement to 1.165000 area for better risk to reward ratio. Monthly EMA was also pierced and candle closed below it, this further eliminates the hurdle of monthly support and opens the path to 1.15000 area. i shall...
This week might provide a slight correction from last's week aggressive down move in EURUSD. As the downmove happened last week, the monthly EMA was pierced and M candle closed below it. This indicates the path towards 1.1500 is well and truly open to be tested. Here we currently look at the 4H chart for this pair. a possible head and shoulders developing on 1H...
A possible swing trade might be developing next week on 4H EURUSD chart. a break of 4h EMA and trendline might target the above trendline that lies in the 1.17900 region. in that region other confluence factors lie as well: the D EMA and M pivot. shall the criteria meet i shall update the entry requirement in the thread below
Depending on the new weekly pivot points, shall the trendline break the price will likely target 1.1800 region. Shall this happen, then it would likely be just a consolidation move before the downtrend resumes again. Shall the criteria meet, i will put the details of entry in the comment section.
As of today 23/08/2021, EURUSD is in downtrend! For the current week, consolidation move is expected which would target 1.18000 region. After that the downtrend is expected to resume. However whenever trading, its advisable to await a suitable confirmation that would enhance the quality of the analysis. Have a look at the main EURUSD monthly chart. the blue...
Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...