EURUSD buy on dips above 1.1450. Target 1.1780 Good luck
Unfortunately, we no longer see the upper boundary of the triangle due to the fact that the trend was held in time. We start from the key levels and test the lower boundary of the triangle again. If you hold out by the end of the month, then go to the bull market and there will be an attempt to break up. But now the chances are more on the new Loy on the monthly...
The EURUSD pair hourly chart might be indicating that bulls could be targeting 1.1620 resistance as immediate shot term target. Looking at the medium term wave count, we still favor a potential flat structure to unfold, which could push prices at least towards 1.1830 levels if not further. Please note that Wave C, which began from 1.1302 levels last week could...
The Tidal Shift Strategy has just bought EURUSD at 1.14632. The system recommends entering this trade at any price between 1.14418 and 1.14846. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.01552, which suggests that the EURUSD could be trending upwards.The 14-period...
EURUSD is approaching our first resistance at 1.1453 (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 1.1301 (horizontal swing low support, 61.8% fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see a...
Awaiting to see what happens here: - We could either have a break of the current market structure to the upside roughly around the -1.272 fib retracement of the previous leg to the downside (maybe slightly less due to market structure). OR - A break below the CTL and a continuation of the bearish momentum to the downside. We should be looking for a fib extension...
Next week should see some nice and juicy price action. We have a 1H breaker nested perfectly around the .705 fib level and a 1H orderblock resting right above the last top which should be acting as a magnet once we get that retracement. Just look at all those stops there, wouldn't you wanna eat them? All of this makes for a nice 3.6 R/R Long setup if you're...
The pair remains within the 1D Channel Down but despite the 1.1330 test last week, it rebounded for a new Lower High (RSI = 45.973, Williams = -49.403, Highs/Lows = 0.0000) and has since stayed too close to the Lower High resisting line. If that doesn't drop immediately and retest 1.1330, then the formation breaks to the upside on 1D and can even test the 0.618...
The hourly chart for EURUSD continues to remain constructive for bulls. Prices bounced off 1.1360 levels yesterday as discussed as potential support and it looks like a corrective drop could be complete from 1.1450 levels. Please also note that 1.1360 is the fibonacci 0.618 support of the rally between 1.1302 through 1.1450 levels earlier (not shown here). Looking...
NZDCAD is approaching its resistance at 0.8778 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.8558 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 98.3% where a...
When a situation like this is presented to us, it is important to identify similarities and trends. Double bottom may mean a change of the trend. In this case a bullish may occur. I am using 1D candles.
As you can see on the weekly chart bulls have two possibilities to recover towards end of the year and probably this week events ( elections + FOMC ) may create opportunity ( it's related to prevous DXY analysis here ): 1. Based on the last two weeks PA swing low around 1,13 might be in place ( would be great to close above last week high ) or... 2. Full...
EURUSD is in a strong bearish trend. 1.13000 is a strong support, and on weekly timeframe has performed what looks like a double bottom. On h4 timeframe is now performing a hns pattern (this is how it looks like). If it will break the 1.14800 resistance, we will probably see a shoot up till 1.16100 (+240 pips). Stoploss is placed at 1.12500 level.
The EURUSD hourly chart is suggesting that Wave C could be ready to accelerate soon. The currency pair is seen to be trading around 1.1394 levels at this point in time, ready to push through resistance above 1.1620 levels soon. Looking into lower degree wave structure, the rally from 1.1302 through 1.1455 last week may be wave i and the recent drop could be...
Little look at BCHEUR on the daily. Has stalled at the 100 MA. FOMO is a powerful thing but I'm gonna wait and see if we get a retrace to the 618 or 786 fib from this breakout move before considering a long trade. Around 500ish in USD. Hard fork should hopefully drive it until the 15th providing BTC doesn't shit the bed. Targeting 550, 670 depending on how BTC...