As my previous idea, EURUSD -0.14% is near the stop loss of 1.13000 But can it bounce on golden pocket? I would highly recommend buy on region between fibonacci numbers of 0.65 and 0.618 ,which is the golden pocket zone. SL —> 1.12950 TP —> 1.13500
At the moment, we are seeing that the pair was able to overcome the mark of 1.1310 and found the resistance level at 1.1390 mark. The technical indicators point to sale, but you should wait for a clear signal. Therefore, we consider the first option. When receiving a signal from the indicators, take short positions and consider the targets at the levels of 1.1310...
The EURUSD pushed higher towards 1.1400 levels yesterday before pulling back lower. After rallying from 1.1267 through 1.1401 levels, the pair is consolidating lower now and is seen to be trading at 1.1377 levels at this point in writing. Looking into the short term wave counts now, a lower degree wave iii could be unfolding into 5 waves and push towards 1.1650...
EURUSD is approaching its resistance at 1.1423 (76.4% & 61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1.1350 (50% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal...
EURUSD is approaching our first resistance at 1.1428 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1395 (61.8% Fibonacci extension, 23.6 % Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might...
Finally we could see the EURUSD terminating its lower degree Wave ii yesterday at 1.1267 levels, closer to our projected one! It is seen to be trading around 1.1390 levels at this moment of writing and we could see it pushing further higher in acceleration. Looking into the wave counts, we have a lower degree wave i (terminated at 1.1472) and wave ii (terminated...
EURUSD is approaching our first resistance at 1.1427 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1388 (Horizontal swing high support, 23.6% fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we...
EURUSD has been on a strong downtrend since the 1.2556 February High. As we speculated on a previous study, it eventually formed a Channel Down on the 1W chart (RSI = 38.832, MACD = -0.014, Highs/Lows = -0.0056) that has only recently broken through the 1.1300 Support. The 1W chart displays that this Channel Down is on a mirror symmetry with the one that took the...
I think we could retest the current daily trendline at 1,141. Then I see a good entry for a short. TP about 1,12 ...
We've broken some supports, but made a swing failure (took the white low without locking below it). It's simple right now, if we come back up, break the local high and find support, we should start aiming for higher highs. Otherwise, if we bounce from this (now) resistance and make a lower low, we should be targeting the next low. I'll update when something happens.
Entry price, stop loss and targets mentioned in graph
On the chart we observe that the price has dropped below the level of 1.1310 and currently has a downward impulse. Our technical indicators point to a sale. The MACD is in the negative zone, and the Stochastic continues to be in the oversold zone. On the older chart, we see a continuation of the downward trend. Therefore, we advise you to look for points to enter...
The Tidal Shift Strategy has just bought AUDJPY at 82.265. The system recommends entering this trade at any price between 82.13 and 82.4. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.462, which suggests that the AUDJPY could be trending upwards.The 14-period Average True...
The EURUSD dropped lower than what was expected as a potential wave ii termination point, around 1.1320 levels. It trades close to 1.1290 at this point in writing and is expected to find support around 1.1275/80 levels as fibonacci 0.786 support passes through. Looking into the wave structure, wave i and ii counts still remain valid as presented on the daily chart...
The Euro will most likely move towards 1.03 against the US Dollar, as we published in the previous post ( ). Its bearish trend is starting in this week's candles, having started yesterday on the 26th. Short positions should have been placed by now, even though it is possible to enter today at market prices with a horizon of 7 months. The volume is likely to be...
EURUSD is approaching our first support at 1.1278 (100% fibonacci extension, 76.4% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1426 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retracemen, descending channel resistance). Stochastic (89,5,3) is approaching...