I see practically every post wanting to short this chart but it stands out to me that this is beginning to flip to a bullish run. Price overall is bullish on the D/W. I see a breakout and whether or not its a false break we will see. Trade will be entered in the specified area and another addition is price should be above the 200EMA also. This could be so wrong...
Trade what you see. Trading the bounces of a potential wedge. Initial bounce of a solid support level and also sitting nicely along the 200EMA. I do see the overall downtrend for EURUSD BUT for now it looks like a quick jump back to the trend line.
Price is consolidating right now and i believe the consolidation is about to come to an end. Price is stuck on a S/R area and looks like its about to make a move to the downside. The boxes are consolidation boxes and the smaller green box is a consolidation area but on a smaller time frame. Price has moved to the bottom half so it should keep moving. I've placed a...
Waiting for price to push a little bit higher into the S/R area before price continues to drop a little bit. Price has broken previous support and is coming back to retest before further bearish movement. Only going for a 1:1 on this trade.
Price is about to drop. Reached the top of a very respected channel and according to the 50% fib level it should drop around the previous support line. NASDAQ works well against S/R so I am fairly confident with this drop.
Nice set up for the fib her. Could either drop at the 50% level or 61.8 level. Price dropped early at the 50% level on the previous idea but hope to not miss out on this one and wait for the 61.8 fib retracement. Also price is at a resistance level here but also there’s a resistance level at 61.8 fib.
Price is once again at strong resistance and previous support. UC should move downwards here. Also a 'potential' BUY STOP here but more confident on the short here due to multiple resistance plays with the chart previously. Trend is also in an over downtrend.
Once price hits the 61.8 fib it will also be touching a resistance zone and also the trend. I've only gone for a 1:1 RRR for this trade but it has potential for a much higher TP. Sell limit is wanted here.
~ Apologies for the lack of uploading ~
Price has been in a wedge for sometime and finally broken out towards the downside. Price has made its first move up since moving out of the wedge and should begin to move downwards now. Price has hit previous S/R. Should be a simple move for a downtrend within the upcoming days.
Price has struggled to break through this support twice now with one false break. Placed a buy stop at 133.979. Price should hopefully retest this support line once more and move back up to its previous resistance. Price is also in an uptrend.