Let's look for a long!
Eurusd is in a bullish channel and is still bullish.
As long as it doesn't break below 1.18 this trade is still valid, look for entries around 1.18 for optimum R/R.
I would' set a buy limit on 1.1810 and SL on 1.1750 (60 pips)
TP target would be 1.20 - 1.2050
This should be a holder for hours to even days.
Want to pintpoint the entry...
I'ts been a time ago that i've made an idea. Lets go with it and do it again.
Why do i choose to let it go down first and go up again?
It's currently at a resistance zone, as you see in the past it has been rejected/supported 4 times. It has been passed but that doesn't mean it won't be a area the price could turn around for a little time.
Now' i see the price...
i've been following audusd and looking at the charts, painting some fibs on there looking more and more, longer term timeframe..
4h shows a clear short signal, hidden divergence and it can head towards the fib line.
The daily chart has an indicator showing the bottom, so how legit can a 4h chart be? Well, it doens't mean if the daily chart is at the...
The downward channel is being held nice now, it tested the upper line 2 times and is coming down slowly. We are going to follow this closely and see if it confirms the longer downtrend. If it breaks the upper line the downtrend is gone and we can see new highs incoming!.
112.85 entr. 113.25 SL 106.xx TP area.
Longer term trade, Lets see how it goes.
Looking at the chart i've posted every High and Low swings.
Based on the swinging and the bigger channel its working in at this moment. i'm taking a long untill 110. from that moment on it should reverse into another short.
For now lets see what a long brings us after those awfull 2 days it didn\t want to do anyting.
As you see in the chart it looks like the 1150 level is holding. If it breaks that the 1124 level is there on bigger scale. That could give some more support.
Longer term prediction is 1200+ First it needs to fight 1225 before going higher. If it breaks 1225 we can see a nice go towards 1300.
Any comments please leave them below :-)
First of all, i think it was called DIVERGENCE? Look at my WT_LB and check the chart, i've put 2 lines. Showing a divergence is showing up on this 4H chart.
It's being rejected by the resistance level: FIB:
This should be the key area for a turnaround, going to head down more.
Short opened: 0.7234
Stop loss: 0.7258
First target: 0.7067
Second target: 0.6971
Here you see a 4h chart giving a nice opportunity to short the EURUSD
Watch how the EU climbed up. It has reached some good resistance, This will be a turning point for the EU, first target will be 1.1108(0.618 fib of this long upward move) 2nd target will be 1.1028 (0.238 fib of the upward move and the 0.786 thats the brexit hit)
Lets go EU, give it some good...
What is on the chart?
Orange/yellow circle: 200MA
Blue line: 20MA
As you can see i got 3 indicators, they give me a sign if it is likely to reverse.
Price action is the most important thing together with some fib levels or trend lines/resistance.
My trade currently: Short towards 1.12 and 1.10
When it passes 1.12 SL on...
As you see in the chart.
EMA 200(orange) trend = down.
It did pass the EMA 20(Blue line).
Trend lines are placed and it does follow the line perfect. It is going to bounce from the Trendline. going down again.
As you see the WT indicator is ready to cross. When crossing that is a first signal to sell. When MACD crosses 2nd signal and full short trade can be...
Ready to go down again.
Chart tells everything.
Went below the supportive trendline. Getting ready to go down further, Targets gonna be. 153.40, after that 151,80 Breaking 151.80 could give opportunity for a move towards 150 or lower.
Idea's and tips are welcome!
I've been following this chart for the couple of hours. I've been checking fib levels. looking at resistance. The 0.9798 - 0.9810 has been a big resistance area. Does it break the resistance and close a candle quite some pips above the resistance, then we sure will see a Bullish trend being continued.
Does the resistance hold once more. then bulls finally be...
$ger30 Looking at the chart, it is currently on an uptrend, moving in a channel upwards towards 10800,
R1 shows a resistance area around 10400. if it passes that resistance level then it would still continue its upward channel. When it reaches R2 10645 it would decline back down to around the R1 area of 10400 or even lower between R1 and PP That should be around...
Looking at the head and shoulder pattern, the slowly bearish trend and the little head and shoulder pattern, my idea is it will go downward to 1.4157. When it is breaking 1.4157 it would head towards 1.4050.
Besides the technical indicators tell us to sell on hour charts
Currently set up: TP 1.4051 SL 1.4303
Shorted on: 1.4239
Any feedback is appreciated.