Long EURUSD towards 1.1300Price is consistently close above 38.2% Fibonacci of Last week Bull candle which might indicate the price intend to make further correction upwards. Long EURUSD looks promising with tight stoploss around 1.1075.
EU
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.
10-17-2019 EUR/USD sell EU has faced strong resistance and it looks like ready to fall.
One thing to consider is that EU just got out of strong down-trendline started from June 2019. However, it looks like it will retrace to the demand zone before it reaches to strong supply zone area. --1.111XX--
GBPJPY - BUY OPPORTUNITYLooking to BUY GBPJPY in BUY AREAS and to close positions in TP AREAS. (30+ PIPS)
- Do not enter on strong bearish momentum through BUY AREA 1, Strictly looking for reversal signs
- Wait for reversal pattern
- Enter on price action in BUY AREAS, should price break through BUY AREA 1 with strong bearish break through to BUY AREA 2, enter BUY AREA 2 on signs of reversal as final call for long.
Trade Safe
GBPUSD - BUY OPPORTUNITYLooking to BUY GBPUSD in BUY AREAS and to close position in TP AREAS. (30+ PIPS)
Looking to target price area 1.291
- Do not trade if price breaks through BUY AREAS with clear bearish momentum
- Wait for reversal pattern
Trade Safe
GBPUSD - BUY OPPORTUNITYLooking to BUY GBPUSD in BUY AREA and to close trade in TP AREAS (30+ PIPS)
Looking to target price area 1.284
- Enter on reversal pattern
- Do not enter on bearish break through of buy area with strong momentum
Trade Safe
we can consider a buy entry, after break of a resistance level.we will be in uptrend after break of this resistance area, according to my strategy. we will wait and look for a entry.
GBPUSD: Catching Pullback After Bull Impulse
hey traders,
yesterday we saw a very significant movement on GBPUSD
and the pair is very very close to a key supply zone.
I think that many traders will take profits inside this area and structure trades will open shorts.
For this reason, on my trading radar is 1.249 - 1.258 area of resistance.
I will be waiting for a reversal signal inside this area to short the pair.
Target levels will be 1.24 and 1.23
GBPUSD - SELL OPPORTUNITYLooking to SELL GBPUSD in SELL AREA and to close position in TP AREAS. (30+ PIPS, Potential 120PIPS SWING)
- Do not enter on strong bullish breakthrough of sell area
- Look to enter on reversal pattern
- If price breaks through 122 area with strong bearish momentum, execute sell
TRADE AT YOUR OWN RISK!
EURGBP Close To Supply Zone
EURGBP is still very very bullish .
Next zone on my radar is 0.905 - 0.91
I will be looking for a signal inside this area to short the pair.
Target levels will be 0.895 and 0.891
