The EURNOK pair brutally followed our last buy signal (July 09, see chart below) and easily hit our Target: The pair has now established a clear peak formation within the +1 year Ascending Triangle pattern, similar to the tops of Nov - Dec 2023 and June 2023, and is ready to extend the Bullish Leg towards the pattern's bottom (Higher Lows trend-line)...
The price is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance level which is also an overlap resistance. Pivot: 1.1073 1st Support: 1.1019 1st Resistance: 1.1150 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
how to prepare for the trade. Professional training if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1117, positioned close to the breakout level....
EURGBP - 24h expiry Broken out of the channel formation to the downside. Yesterday's Marabuzo is located at 0.8431. Preferred trade is to sell into rallies. The primary trend remains bearish. We look for a temporary move higher. We look to Sell at 0.8430 (stop at 0.8446) Our profit targets will be 0.8390 and 0.8375 Resistance: 0.8420 / 0.8430 /...
EUR/JPY is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 159.52 Why we like it: There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement. Stop loss: 161.22 Why we like it: There is a pullback...
ICMARKETS:EURUSD A beautiful trade if it goes well, let's see the outcome, we can expect anywhere from 3RR to 6RR with a minimal risk.
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it at once made a correction to support line and then continued to grow. In a short time, price rose to resistance line of channel, but at once bounced down, making a fake breakout of $1.1120 level. EUR exited from...
EUR/USD Holds Steady Above 1.1120 Ahead of Crucial Fed Rate Decision As the first London session kicks off this morning, EUR/USD is maintaining its position above the 1.1120 level, with market participants eagerly awaiting today's Federal Funds Rate decision by the U.S. Federal Reserve. The decision is set to dominate market sentiment, with investors and traders...
EUR/USD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.1075 Why we like it: There is an overlap support that lines up with the 50% Fibonacci retracement. Stop loss: 1.1025 Why we like it: There is a pullback support level which aligns...
ICMARKETS:EURAUD We are looking to enter towards the double bottom range and from there we will aim for the Strong High range, SL is kept at a certain price point to let the trade breathe, let's hope for the best.
CHFEUR will get its push from the expected fall in the AMEX:USD this week. The EUR holders will seek some safety here and this will tie in with an established pattern observed since May where the CHF against the EUR has been following a clear ascending channel as in the 2hr chart. Expectations are a confirmed bullish breakout at about 1.0687 as a start of a more...
CHFEUR will get its push from the expected fall in the AMEX:USD this week. The EUR holders will seek some safety here and this will tie in with an established pattern observed since May where the CHF against the EUR has been following a clear ascending channel as in the 2hr chart. Expectations are a confirmed bullish breakout at about 1.0687 as a start of a more...
EURUSD advanced to the 1.1140 level after breaching the descending channel’s upper bound as the dollar’s weakness intensified. EMA21 is widening the gap after golden-crossing EMA78, indicating an apparent bullish signal. If EURUSD holds above EMA21, the price could gain upward momentum toward the 1.1200 resistance. Conversely, if EURUSD fails to keep the...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP was trading in an uptrend and currently is attempting to break it out. If we get decent dips below the support we will be watching a potential retrace of the trend towards more downsides!
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11200 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11200 support and resistance area. Trade safe, Joe.
The Fiber (EUR/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support level which is also an overlap support. Pivot: 1.1150 1st Support: 1.1071 1st Resistance: 1.1201 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
The EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...