EURUSD recently broke out of a rising channel and confirmed the bearish flag pattern. After retracement between the .382 and .618 fib level, I expect the pair to continue downward movement. See my previous idea.
(Fast and small target) EUR/USD (April 23, 2019) --- Sell = 1.12230 Take Profit = 1.10333 Stop Loss = 1.12730 --- Take Profit (x10 Leverage) = +16.90% Stop Loss (x10 Leverage) = -4.50%
Here is my simple set up on EURJPY for this week if we see a pullback. This may not happen if Euro strength / JPY weakness continues but if there is a pullback then this is my ideal entry. - Bullish TL now broken. - Retest of this TL - Higher low to be made using previous resistance as support @ 125.600 - 4hr bullish TL (higher lows) is intersecting this area...
PREVIOUSLY WE HAVE FORMED A BULLSIH TREND AND BROKE THE TRENDLINE AND THEN HAD A NICE BEARISH TRADE WE COULD HAVE TOOK HOWEVER WE HAVE JUST SPOTTED ANOTHER OPPORTUNITY THAT MAY OCCUR AND REPEAT THIS SAME ACTION I WOULD BE LOOK FOR THIS BULLISH TREND TO HIT THE 61.8 MARK AND FORM HERE WE SHOULD BREAK THE TRENDLINE AND HAVE ANOTHER BULL RUN.
This is a short position taken in the EURUSD market. Details and analysis in attached note.
we can short eur/usd if pattern is complete targets and stop lose are clear at chart This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your decision based on...
EURUSD after we went up and touched exactly our point on the trendline the price reversed , anyway we still going to see EURUSD falling more down to touch the button of the trend line our target now is 1.11875 good luck
The head and shoulder pattern, has been forming for almost a year now! The pattern has seemed to form but the price seems to be stuck between the neckline of the pattern (red) and a resistance level (blue). There is only a matter of time before this pattern breaks through, if this pattern manages to break through the support level (red) the price could go as low...
SHOWN A STRONG RESISTANCE ON MONTHLY KEY LEVEL AND WE DID HAVE A PULL BACK TO THE UPSIDE CREATING A BEARISH FLAG TOUCHED THE 50% MARK ON FIB AS THIS HAD BEEN RESISTING THE 50% FIB MARK 5 DAYS IN A ROW BROKE BULLISH TREND LINE IN A WEDGE TREND AND I WILL BE LOOKING FOR MY TP TO BE THE -27 MARK
EURUSD is approaching our first resistance at 1.1351 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level to our first support level at 1.1284 (horizontal swing low support, 38.2% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding...
EURUSD is approaching our first resistance at 1.1351 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level to our first support level at 1.1284 (horizontal swing low support, 38.2% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding...
Price is squeezing into a strong resistance zone. looking for a break above the resistance then a retest to enter for a buy.
From the begining, I hesitated how it will move, will it be able to get through the upper line of the previous channel (purple line) or it will move in a new channel (blue lines). I suggest to take a look at Elliot Wave pattern built in current small channel (orange lines). It looks like the line 5 is to be done yet. That's why I suppose the EURUSD will be going...
For sure EUR/USD is waiting for signal to make big drop in completed downtrend. Here is my prediction how can happen.