As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1485. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.156. TP4: R2=1.159. Set the stoploss of these orders at breakout of S2=1.147. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
EURUSD is approaching and supporting our previous EURUSD idea, but on lower timeframe. EU failed to break the support and trendline. Also bounced on 0.5 Fib Price Reversal Zone DXY, which seems also exhausted by bulls is supporting our idea of EURUSD going to our target 1.15400+ area Awaiting break + retest strong H4 support and trendline. Let me know what you...
The EURUSD has been drifting sideways at several degrees with prices at 1.1450 levels for now. Looking at a lower degree, after carving out a higher low at 1.1306 levels earlier, one can count 3 waves a potential 4th wave is in the making. If the above structure holds true, prices should hold above 1.1380 levels and drift higher towards at least 1.1500 levels,...
As you can see correction waves A and B were completed. Now we looking for wave C and prepare to hit 1.40. Feel free to sell.
EUR/USD - Short looks like the (ICT) market maker profile sell model in progress. pending orders scattered between 1.16519 - 1.17244
Nikkei is approaching its resistance at 20913 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop further to its support at 19103 (100% Fibonacci extension , horizontal swing low support). RSI (55) is approaching its resistance at where a reversal could occur.
Support and resistance channel formed. This is calling for a small short based off of simle price action. Last 6 trades have been correct using simple price action and RSI;MACD integration. No RSI and MACD indicating any movements, but we can still use the momentum of EURUSD on the 1h to pin point a price move down.
EURUSD is approaching its resistance at 1.1514 (100% Fibonacci extension x2, 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1.1397 (61.8% Fibonacci extension , 50% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
EURUSD has been ranging for a long time (since 24th of October) and its time to break this monthly key level finaly. Daily Closure wanna tell us thats its finaly over the big weekly range box, because daily candle closed extremely bullish and broke 1.14500, which was key level for a long time. I'm expecting slight pullback to 1.14500 area and then i'm finaly...
The EURUSD failed to print above 1.1496 levels yesterday, leaving room for a flat corrective drop before resuming higher again. If bulls manage to break consistently above 1.1500 levels, it would confirm that a meaningful low is in place at 1.1306 levels. Looking at the higher degree wave structure, it is safe to remain long and also look to add on dips towards...
The Tidal Shift Strategy has just bought EURUSD at 1.14759. The system recommends entering this trade at any price between 1.14621 and 1.14897. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.75831, which suggests that the EURUSD could be trending upwards.The 14-period...
eurusd sell on short term H1 chart , RSI is at 70% so its overbought, and the price is at a resistance zone
I EXPECT IT TO PULL BACK DOWN AND BUY TO THE TARGET
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.142. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.147. TP4: R2=1.1495. Set the stoploss of these orders at breakout of S2=1.141. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
After successfully making a new Higher Low on the 1D chart, the bullish formation is aiming yet again at the 1.1500 Resistance on mostly neutral grounds (RSI = 54.849, STOCH = 49.689, Highs/Lows = 0.0000). This indicates that the Channel is getting increasingly unstable and seeks a short term consolidation within the 1.1300 Support and 1.15000 Resistance before it...
Looking at the wave structure, it could be possible that a higher low might be in place close to 1.1300 levels and that prices should ideally stay above that, going forward. Also please note that 1.1213 levels should remain intact for bulls to be in control. The EURUSD might retrace lower intraday, but ideally prices could remain capped ahead of 1.1300 levels. The...