EU
EU . Nothing To See Here . I'm Short but EU might be Long. I keep hearing the word Kangaroo.
1.14
OANDA:EURUSD
disclaimer, i may or may not be in this trade when you see it. i may or may or may not have been shakin out for 2 pips. But I'm still bearish stalking shorts til otherwise posted.
Side note, Go watch the show AP Bio on PeacockTV. I can't help wondering which kid is the WeBull'r and which one just trades FOREX.
Trading Triangles: Part TwoAt Target One of the Daily Triangle 50% of the position is closed.
It would then be logical to assume Price would drop by 50% of the move from Entry.
Price did not drop by 50% and instead began to form a new Triangle pattern.
Dropping to a lower time frame (4H) we can see the process begin to repeat itself.
Targets One and Two for the 4H Triangle are shown below.
Trading Triangles: Part OneTriangles occur during periods of consolidation.
They represent indecision in the market as to whether the overall trend will reverse or continue.
The direction is confirmed by a candle close above or below the boundaries of the triangle.
EURUSD Long IdeaEU Looks to be approaching this area of liquidty (Support Zone). We are looking for it breaking this area to grab liquidty and hit this money block (Sniper zone).
EURUSD LONG TERM BUY DAILY TF! Light Blue line is my 1st target and baby if it breaks that we gonna be popping bottles with all kinds of bitches!! xD
EURUSD Short ScenarioAfter a nice bullish rejection from outside of the flat movement we can jump on a bearish train!
SHORT:
1- USA session close BELOW 50% MARGIN ZONE
2- Enter with any englufing Pattern
LONG:
1- USA session close ABOVE 50% MARGIN ZONE
2- Enter on Retest
EURUSDBased on my EWC we might expect a correction of wave 4 minor degree. We might see a triangle taking place or else an abc or complex correction. If you got any questions please do not hesitate to ask me. I am verry happy to help.
Thanks and let me know what are your thoughts!
Continuation flagEurusd is likely to end at 1.1700 area.
If there is a major unclosed pivot weekly, monthly, yearly - price usually goes to close it.
In our case its 2019 yearly pivot. Price never tested it and is moving to do that.
Then we have to 7 more factors to support our idea
1. TD breakout projection - sends us to the same area.
2. Bullish continuation flag pole projection - sends to the same area
3. Trade weighted Euro currency index made inverted head and shoulders and is gonna trend higher
4. COT data - institutional traders added to their long positions
5. EURUSD strongly rejected several times from 2000-2020 up trendline.
6. 80 percent of retails are selling...someone is buying from all of them)
7. Price broke yearly pivot (and 2019 average price level - this year they coincided) and did a nice retest as it should.
I can be wrong of course. Nothing is sure in this game)
THIS IS NOT A FINANCIAL ADVISE.
Trade weighted EURO currency index (you can see it broke downtrend and formed inverted head and shoulders) is available here for free
www.ecb.europa.eu
EUR/USD is Expecting a Correction.Hey, I am back with another Technical analysis this time Looking at EUR/USD pair.
EUR/USD has seen a very strong rise, from 1,17100 to to almost 1.12 in a week but haven't seen a correction yet.
The daily chart is showing a Regular bearish divergence.
And the 15 min chart is barely holding on the support level,
Although I like the RSI which finding support at 40.
How to play this?
I am in short since 1.19501, you can also try to short somewhere at 1.19380, and TP at 1.18920 , risk reward 3:1 is very easily achievable here, hopefully with this information you can calculate the Stop loss yourself.
And that's it from me, don't forget to like this idea if you agree that E/U is a short.
Cheers,
Tibor
eurusd longsame analysis as Eurjpy but this demand zone was found on a normal s/r zone (green), main bias is still short but only looking for a buy right now.
EU SkyrocketA you can see we are waiting for a retest of a broken zone to skyrocket and touch the next level of a previous Sup/Res.
EUR/USD - Long Idea.Hey, I am back with another Idea, this time looking at EUR/USD pair.
E/U is still in uptrend and has shown a good bull demand at support area on which we want to enter Long entry and take profit at resistance area, easiest static way to trade with good risk reward ratio.
Entry area
1.17420 - 1.17540
TP area
1.17920 - 1.17800
Good luck with trading! Don't forget to follow in order to miss out on another good trades.
eurusd longeurusd is approaching my s/r zone (green). Waiting for price to either approach s/r zone or stop hunt (red).
