TradingManagr

TradingManagr

Pay attention to the next candle in H4. EURUSD is now testing a support. If green candle -> Go up to 1.19 if red candle -> Revisit the weekly trend line below 1.18

TradingManagr

Scenario 1: Short below the blue line (short term trend), aiming 1.17 Scenario 2: If rebound on the blue line then trend continue and aiming 1.18 So first point to watch is around 15h-16h today I would say. If rebound then the second point to watch is around 1.1820 close to the weekly descending trend and highest high.

TradingManagr

A triangle is formed. Wait for the break to enter. Watch closely how the price is doing around the resistance of the triangle. If rejection : Short to 1.17 (yesterday low) If breaking up : Long to 1.1770 (highest high)

TradingManagr

EURUSD hit the upper band of the funnel, already made a correction of 50 pips. If today the next pullback doesn't make a new high over 1.1780, then high chance of seeing 1.17/1.1650.

TradingManagr

Wait for breaking the ellipse and the monthly trend before going short. Should happen around Wednesday 3am around 1.1584.

TradingManagr

Rate is stuck between the (descending) monthly trend line and the (ascending) H4 trend line. We can possibly have a range for 1 week. Personally I will wait until next contact with Trend Line H4. Scenario 1 : Trend Line H4 break -> SHORT Scenario 2 : Trend Line H4 hold -> LONG Scenario 3 : No contact with trend Line H4, rate is up before that -> Nothing

TradingManagr

Getting closer to a monthly trend line, always well respected. Chance of big reverse trend around 1.1650. Rate could move down 200 pips.

TradingManagr

The 1.1520 level is interesting and could lead to another move up if support is holding or if broken move back the support of the channel

TradingManagr

Here is my trading plan for today : If breaking the horizontal daily resistance, I will wait for a pullback before entering long. TP 1.1490 if breaking the support trend line, I will wait for a pullback before entering short. TP 1.1380 It's gonna be a very interesting day!

TradingManagr

Long above 1.1450 and next resistance at 1.1490 (previous high mars 2020)

TradingManagr

Wait for another contact with the red line to sell

TradingManagr

A rebound on the trend line (M30) would make the rate coming back to 1.1450 The opposite is possible, if the trend line breaks, we will visit the 1.1350 Answer in a few minutes!

TradingManagr

1st reason to sell : resistance respected at 1.1423 2nd reason to sell : resistance of the upper funnel TP1 : 1.1360 (48 pips) TP2 : 1.1330 SL : 1.1424 (14 pips above current rate)

TradingManagr

EURUSD is at the end of a flag figure. Wait for a clear break of green line to enter long OR wait for a clear break of the red line to enter short It might break between today and Thursday

TradingManagr

Possible entry short when the red line (support M30) breaks. I will hold it for a short time, aiming for 20/30 pips.

TradingManagr

There is a low chance to enter long or short today because : Too earlier for long : Wait for 1.1235 Too late for short : There are supports at 1.1270/1.1260/1.1240. Recheck in 6/8 hours Trading is also being patient and don't create patterns that don't exist

TradingManagr

The trendline resistance is still holding. We can expect a correction in this upper channel. I would wait for a strong confirmation before going short to 1.1300

TradingManagr

We are at a dead end. Either the support or resistance will break today Wait for confirmation