EURUSD is trading in Ascending Channel Pattern . price is at upside resistance level of Ascending channel pattern also there is long term daily resistance level at current eurusd price level . According to chart pattern analysis we might see 200 pips downside in EURUSD price .
Trade according to your individual stop loss and capital risk management.
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If price do not cross 1.15298 level then it can be consider as trend has changed and target will be long. Buy at the same level as current price is moving stop loss can be 1.15154 1st target will be 1.16424 and 2nd target will consider as 1.17470 and still can be hold for much bigger target. As weekly chart is also showing.
EURUSD has reverse from its resistance level and again trading in range bound . According to chart pattern analysis , we going to see further consolidation to downside in EURUSD . One can trade with short for EURUSD with stop loss and risk management.
Thank You.
Views and opinions are welcome to discuss in comment section.
SIMPLICITY IS KEY!! Pretty self explanatory what's happening on EU with simple price action 13 year 'Monthly Bearish Trend Channel'
1."TRENDLINES" (once price approach these on the timeframe drawn, I use for judging if the market will 'continue with the trend' or if candles break trendline then possible 'reversal') WATCH OUT FOR FAKEOUTS cause banks love to...
EURUSD was consolidated. Between resistance 1.1845 and the price 1.1892. We can consolidate trade in this area.
Please be careful, as the long-term trend is currently bullish.
If the price closes above 1.1910 in 4H and creates a confirmation candle, the EURUSD will rise to 1.2050.
**Traders, if you like this idea or have your own opinion about it, write in the...
It is possible to enter a sell position in a corrective move.
I must say that the risk of this trade is 50% and it must be done after the opening of the next one-hour bar.
After this, we see an uptrend that we make the next trade.
After some growth the EURO made against the dollar this week, price is fast approaching two of my trendline resistance. I'll be looking for action at these trendlines. probabilities lets see
Also due to the dollar's weakness lately, EURUSD has been experiencing some growth. If it gets to my trendline, i should short with proper confirmation. Till then, lets see
On November 24, I told you to buy.
When there is a pullback, you can buy a part of the position.
What do you think?
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Here's the EUR/USD 15m chart, Which is an uptrend and made a triangle. And now it's falling for a short time.
It will fall up to the following targets 1.2126 - 1.2120 - 1.2106 . But if it takes the reversal, then it will hit 1.2156 - 1.2160 .
