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EURUSD Long Opportunity with Short Limit follow upHello dear friedns, We have an interesting formation on EURUSD right now. Price gave us a pretty ZONE where people will go for LONGs, this is the place where we expect our provocation to accure. MY SELL LIMIT ORDER IS Sell at 1.11222 Sl 1.11475 (25 lots) TP 1.10170 (105 lots) RR. 1:4 IMPORTANT! Im not predicting the market, and trade will be adapted to the current situation of the market which will be at that time. So please follow up the idea ( i will post the changes) HOW TO CALCULATE THE LOT DEPENDS ON YOUR DEPOSIT Do not invest more that 3% of the ur deposit Example: Your deposit is 1000$ 3%=30$ Lot=(3%/sl in pips)/10=(30$/25pips)/10=0.12 About the LONG Trade we have a visiable local minimum - its the place where majority of trades will open their trades We have to wait a pullback with strong impulse ( Look at the chart liquidity box near the local minimum should be broken)
Long
by UnknownUnicorn5605577
EU Trade Setup: Nov Wk 3 BiasWe'll be looking for long trades early in the week from EU, which will either be a short term or long term trade depending on how early and easily we can get an entry. As posted last week, our downside target of 1.1 is within 20 pips from current prices. The current long zone shown in the chart is supported by confluences including fibonacci zones and a key level of 1.1. At the moment we look bearish, including the daily time frame. However, we expect to see support at the zone colored yellow. If this rejection is big or not also includes the probability of rolling to the downside. With this in mind, we will wait until price action has developed and the market is trading over 100% of the normal volume.
by UnknownUnicorn3442968
Why buying EURUSD is a great chanceLooking at the EURUSD daily chart, it clearly shows that it has come to a very important support level. That is a great reason for its purchasing. The stops are relatively small - about 30-40 points, and the profits, in this case, are about 100 points (the nearest strong resistance is located in the region of 1.1160). That is, purely technically, taking into account adequate money management (the profit margin is 2.5 times higher than the stop value), so that is a nice opportunity for earning. The fundamental background is the only thing that can negatively influence. In our opinion, the situation with the euro does not look hopeless and the chances of supporting 1.1060 are quite large. The Eurozone economy is experiencing tough times. However, yesterday's data on retail sales and business activity in the Eurozone came out better than expected, which is more important that the indicators showed a positive trend: retail sales grew by + 0.1% with a forecast 0%, and the composite PMI index was 50.6 with a forecast 50.2 ( the value of the indicator above 50 indicates an increase in economic and business activity). Against the background of rather weak data, these signals have been extremely positive. Leaving the EU without a deal option is eliminated from the agenda. which is great news for the euro. Against this background, the pound rose by 1000 points. And the euro added only 100-200 points, it means that the euro did not worked out yet. Why should the euro grow because of the information that the “hard” Brexit will not take place? The fact is that Britain’s exit from the EU without a deal is not only about losses for the UK but also multibillion-dollar losses for the Eurozone economy, therefore potentially serious problems for the euro. So the removal of this issue from the agenda is a positive signal in favour of purchases of the euro. Its descent below 1.10 was an attempt to discount under exit without a deal. And since it does not take place, then the euro should return to its original position, to grow. Trade war escalation between the US and the EU is delayed while approaching the end of trade wars between the US and China. For the euro, this is a positive signal. Let us explain: the locomotive of the Eurozone economy is Germany. The German economy is export-dependent, that is, its success/failure is determined by the state of global markets, primarily China. The end of the trade wars between the United States and China will give a powerful impetus to the return of the world economy to the normal statement and one of the first to benefit from this will be Germany. In turn, improving the state of the German economy is improving the state of the Eurozone as a whole. And this is will reflect positively on the euro. So, we do not see serious threats to the euro at the moment. Rather, on the contrary, there are good opportunities for buying exceptionally cheap euros.
Long
by Trade24Fx
EUR/USD: Week 43 Outlook The EUR/USD saw a full +1.20% rally for the week, which is a pretty large move in currencies. This is as expected off the back of the positive BREXIT momentum. Some analysts are saying that the U.K. should exit as soon as possible as they could potentially make negotiations worse leading to a more favorable deal for the European Union. Over the weekend we saw the extension force its way through the U.K. government’s desk against the will of the Prime Minister of the U.K. and his cohorts. The PM did not agree nor sign the extension letter in protest. This week will reveal how positive, negative, or neutral this will affect markets. Going to the charts, our forecast on the EUR/USD is 80% to 90% complete. We saw the breakout, retest, and continuation headed to our 1.12 target. At his point, we have not changed our forecast as we believe we will see 100% completion of the outlook. THE PLAY: We are on Hold with the EURUSD as it continues its climb to 1.12.
by KingdomRichOffical