🔸Hello traders, let's review the 2hour chart for USDCHF today. Previous trade hit TP +135 pips, congrats if you followed, feel free
to recap via link below.
🔸Prior trading range is defined by range highs at 8520 and range lows at 8420, recently price broke to the upside, however I see limited upside
beyond 8600/8620 this is key s/r zone and bears will defend this...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price fell to resistance area, but soon broke $1.1005 resistance level and entered to flat.
In flat, price in a short time rose to $1.1175 level, which coincided with one more resistance area.
Also, EUR entered to this area, but soon turned around...
As predicted, EUR/USD continues its downward trajectory against the US Dollar, which is performing strongly ahead of the much-anticipated FOMC Minutes release. The dollar’s strength is fueled by the market’s expectations of more insights into the Federal Reserve’s policy direction. With the FOMC minutes on the horizon, the price of EUR/USD may drop further,...
EURUSD is highly bearish on its 1D technical outlook (RSI = 38.133, MACD = -0.002, ADX = 30.825) which given the fact that the price is approaching the LL trendline, it allows for some room to recover some losses. We expect this to be a dead cat bounce but a short term buy opportunity nonetheless. Target the 4H MA200 and the 0.5 Fibonacci level (TP =...
EUR/AUD is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.6333 which is an overlap resistance.
Stop loss is at 1.6439 which is a level that sits above the 61.8% Fibonacci retracement level and a swing-high resistance.
Take profit is at 1.6185 which is an overlap support that aligns with the...
EURGBP is neutral on its 1D techhnical outlook (RSI = 48.804, MACD = -0.002, ADX = 22.675) as it consolidates having failed to cross over the 1D MA50. Given the 1 year Channel Down pattern, the 1D MA50 shouldn't stand as a Resistance for long, since the price is having this rebound after a clear LL on its bottom. We expect the 1D MA200 to be tested (TP = 0.8500)...
Based on our private and profitable trading indicator, the indicator has forecasted that the EURUSD will be heading to the downside. We will be selling EURUSD now and taking profit all the way to the bottom.
The Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.1005 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 1.1065 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance.
Take profit...
If EUR/USD returns to this key support zone, there’s a potential for a bounce. This level has shown strength before, and I’m watching for a possible upward move if the price reaches this area.
There is no big fundamental ideas behind this trade idea, just basic time understanding (beginning of a month), swiped liquidity, step downtrend, htf levels. Worth a shot. Let's see how it plays out.
EURUSD broke below the MA50 (1d) for the first time since August 2nd, which is a technical sell signal.
The MA50 (1d) has been the pivot of the Ascending Triangle and every break below it has delivered more downside.
Trading Plan:
1. Sell on the next rebound to the MA50 (1d).
Targets:
1. 1.078000 (Support A).
Tips:
1. The MACD (1d) is posting the same pattern...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price entered to range, where at once fell to the current resistance level and then rebounded up. EUR rose to the top part of the range and then turned around and dropped to the resistance area, thereby exiting from the range. After this, the price started to grow...
While on the Monthly and Weekly we see this pair in a bearish swing, on the Daily, it appears to be in a Bullish swing. We have seen prices while sustaining the bullish swing, go through a strong bearish retracement. Price has come all the way into the Daily reversal zone.
At this point, we expect to see some form of reversal and for prices to begin the bullish...
The Double Top on EURUSD last time we mentioned it (September 23, see chart below) worked perfectly and followed its technical bearish bias as not only did the price got rejected but also broke below the 1D MA50 (blue trend-line) and marginally the bottom (Higher Lows trend-line) of the May's Channel Up:
At the same time, the pair just completed its first...
Starting off the week with euro to the US dollar. I bearish bias came into play as we thought it might. we now have a longer term bearish outlook for this pair. We swept all of the liquidity that was based on the lower end of price action except for the low that we have marked which is relatively close to current price We have an area of supply to watch if we pull...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price rose to $1.1135 level, which coincided with the resistance level, and at once bounced down.
Price fell to $1.1005 level and then started to grow inside wedge, where it in a short time reached $1.1135 level.
After this, price some time traded...
So I found a value line at the 1.086 line coming out of a contraction box in 17-18 may 2024.
Price currently at 1.097 heading downwards to the value line.
Listen / watch the video screen recording for more info.
