EURUSD Cup & Handle Pattern Details on the chart. Happy Trading!
We are currently seeing that eu didn't respect 1.16260, so I'm looking forward to make a buy on this pair. Feel free to send feedback.
EURUSD has marginally exceeded the 1W Lower High limitation that we have designated but is nonetheless near the 1.1670 maximum (1D Lower High) of the 1D Channel Down (RSI = 53.612). With US GDP coming up this Wednesday, I expect this curve (blue) to contain the price within the tight Channel Down limitations and reject it towards 1.15116 at first. We remain short...
EURUSD is testing its resistance at 1.1631 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.1523 (38.2% Fibonacci retracement) could occur. Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
EURUSD is approaching our first resistance at 1.1633 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.1427 (horizontal pullback support, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance...
Sell below 1.1631. Stop loss at 1.1723. Take profit at 1.1523. Reason for the trading strategy (technically): EURUSD is testing its resistance at 1.1631 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.1523 (38.2% Fibonacci retracement) is expected. Stochastic (55, 5, 3) has reversed off...
I thought we are gonna get a reversal with the huge bid upon tagging the 200 weekly MA but so far its just retesting the breakout Entry: 1.15665 Stop: 1.7459 Target: 1.06670
In my opinion if hold above 1.162 we go up till 1.166. If can not hold 1.162 we go down till 1.159 and wait if break it. If break 1.159 we continue to 1.153.
Hello everyone today i'm going to post my opinion about EUR USD. In the last days , it bounced from a support around 1.13000 area then has been able to break a resistance around 1.14500 area. Now reached previous highs around 1.16200 zone and bounced back. In 4h timeframe i've spotted a rounded bottom , a typical macro reversal pattern. Sometimes called cup and...
4HR Time Frame Price trading in uptrend from 15 August '18 Uptrend exhaustion. To retrace back to .618 level of uptrend and to watch from there. Hidden Bearish Divergence (Reversal) Price= 22 August '18 High 24 August '18 Higher High (Lower High on RSI) Price currently at .618 Fib level of down trend Start 14 June 18 End 15 August 18 Fib level .618 level =...
There are several long term levels in play against the EUR/USD. 1st: EURUSD broken below a long term support trend line (In Red) and is now retesting that trend line as resistance. 2nd: We have a long developing Head & Shoulders pattern that has confirmed a break below the neckline, AND has now come back to retest the neckline as resistance. 3rd: The 30 week and...
EURUSD is approaching our first resistance at 1.1623 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1435 (horizontal pullback support, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance where...
As the story unfolds, the EURUSD currency pair retraced lower from initial resistance at 1.1620/25 as discussed earlier. The 1H chart view is still suggesting that EURUSD bulls may still have some steam left and prices could push higher through 1.1740/50 levels, which is the termination of previous wave (4). The current short term correction could terminate around...
Long term downtrend Quick long to 1.162
Short to 1.15, if it breaks this I will update with another TP.
Couldn't reach the top of the long term downtrend. So shouldn't go any higher. Will update with a TP if it breaks the point listed on the chart.
Head and shoulders pattern formed. Potentially will fill the right shoulder and carry on long First target - 1.14 Second target - 1.138 Third target - 1.15
H and S pattern on the hourly. Starting to form the right shoulder.