Daily open cluster that sent price low (current resistance) simple S/R flip for higher prices and this would confirm low of day as a stop run. Follow for Daily FX and Crypto trade setups and educational content. Original idea by Ribz
EURUSD breaked daily support...and now in 4h and lower time frame retesting the recently breaked support..RSI coming back from over sold area, signaling for upComming sharp drop..stay update with news/fundamental for batter performance..like and comment your views about this idea..
The EURUSD trend is down, with strong resistance at 1.1359 & 1.1395.
The 4H chart for EURUSD has been displayed here to have a lower degree wave count. As discussed yesterday, if the proposed ending diagonal count for (5) th wave holds to be true, prices should ideally stay above 1.1172 levels going forward. Please also note that a lower degree wave count (1H) might have unfolded into an impulse from 1.1216 levels. If this holds to...
EURUSD is approaching our first resistance at 1.1358 (Horizontal overlap resistance, 100% fibonacci extension, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1252 (Horizontal overlap support, 76.4% fiboancci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a...
EURUSD Approaching support, loading longs from here. Targets are on the chart.
The EURUSD pair dropped below 1.1300 levels yesterday and print fresh lows around 1.1216 levels before recovering. The currency pair is seen to be trading around 1.1240 levels at this point in writing and needs to break above 1.1500 from here to regain the bullish momentum. Looking into the daily chart wave structure, we have considered an extended 3rd of 3rd wave...
TP = 1.1250 hit as the 1D Channel Down (RSI = 31.425, Highs/Lows = -0.0092) was rejected as 1.1500 and made a new Lower Low. Assuming that today's low is the Channel's Lower Low (blue dotted line extension), we project a Lower High near 1.1400 on the 0.618 Fibonacci retracement since the 1.1500 High. This is based on the previous Lower high (1.15020), which was...
Pair continues down-ward movement in channel. The last candle opened with Gap! while Support zone was broke. Its a bearish signal. Waiting for continuation of dawn-trend to 1.11 zone.
At the moment, we observe that the pair is updating the annual lows against the backdrop of a stronger reserve currency and the pair has overcome the previously formed support level. Our technical indicators point to sales and the MACD shows a strong divergence between the MA’s, which may indicate a strong downward momentum. The next psychological level for...
The EURUSD comes further close to 1.1300 levels for now and is seen to be trading around 1.1311 levels at this point in writing. Most traders would want to turn bearish but we still remain long until prices stay broadly above 1.1300 levels going forward. A break below 1.1300 levels could trigger a potential sell off but we would remain flat and would wait for...
EURUSD is approaching its support at 1.1306 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.1397 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 1.5% where a corresponding bounce could occur.
EURUSD is approaching our first support at 1.1303 (horizontal swing low support, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1427 (61.8% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is approaching support and we might see a corresponding rise in price should...
This pair is nearing a major trendline, which could provide some support from its recent bearish price action. However, if we zoom out, we will see that over the past 2-3 months, it broke the neckline of a huge bearish head-and-shoulders pattern which spanned more than a year, signalling a very bearish outlook ahead. As such, it would make more sense to look for...