EURUSD After a strong down-movement, the price went back, touching again 1.16 level and trading higher than that. The idea of a short trade here, is to join the downtrend at a convenient price. A short position at 1.1600, with a stop loss at 1.1650 and a take profit at 1.1500, would give a reward to risk ratio of 2.
Assuming there will be little to no gap, this will be my long position for market open.
After the dip at the 1.25 price pulled back to the 0.382 Fibonacci and formed a bearish pennant being held also by the daily EMA(50).
Follow the instructions as per the chart. Let WMA line (5 blue) cross. any questions, don't heisted to ask
Our pair fell sharply against the background of the strengthening of the dollar, reaching the level of 1.1430 Now we expect that the next psychological level will be the level of 1.14 which will be approached by the bears. Our technical indicators point to a sale. We advise you to take short positions and monitor the continuation of the trend.
Market has reached a strong support level,,, we have different confiramtion to go long here 4H engulfing bullish RSI Over Bought Stops below the swing low You can enter the trade now Please like and share if your agree
EURUSD is approaching major support at 1.1493 ( Fibonacci extension , major swing low support, bullish divergence ) and a strong bounce could occur at this level to push prices all the way up to major resistance at 1.1560 ( Fibonacci extension , horizontal pullback resistance). \u2028\u2028RSI (55) sees bullish divergence vs price signaling that a bounce is...
EURUSD is approaching major support at 1.1493 (Fibonacci extension, major swing low support, bullish divergence) and a strong bounce could occur at this level to push prices all the way up to major resistance at 1.1560 (Fibonacci extension, horizontal pullback resistance). RSI (55) sees bullish divergence vs price signalling that a bounce is impending. Trading...
eur usd forming BAT pattern .. bouncing in area of last support buy at high riengo manage your 0.58% account recommendation to enter with adjusted SL regards We carry 1800pips masd in 4 days .. tomorrow close of the week regards comment if they came in with some signals that I command. Thank you, *** for your LIKES *** and comments So I'm motivated to do more...
Hello! I would like to practise also in the Forex setups! Just trying to make some technical analysis and let's see how those plays out! Definitely, this trade is just a rush into the Forex markets and no fundamentals and no news behind that Short criteria: * We have a breakout from continuation pattern "Rising Wedge" * And like the textbook says - sell the...
Last day my idea for EURUSD was not accurate,let's look will it be good today.
AUDCAD is seeing major resistance below 0.9702 (Fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong reaction could occur at that level to push prices all the way down to major support at 0.9627 (Fibonacci retracement, Fibonacci extension, horizontal overlap support). Stochastic (55,5,3) is seeing major resistance at 93% where...
EURUSD reversed off its resistance at 1.1626 (61.8% Fibonacci extension, 38.2%, 50% Fibonacci retracement, horizontal overlap resistance) where price could drop further to its support at 1.1533 (horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.
Sell below 1.1626. Stop loss 1.1668. Take profit at 1.1533. Reason for the trading strategy (technically): EURUSD reversed off its resistance at 1.1626 (61.8% Fibonacci extension, 38.2%, 50% Fibonacci retracement, horizontal overlap resistance) where we expect price to drop further to its support at 1.1533 (horizontal swing low support). Stochastic (55, 5, 3)...
Downside risks continue to prevail with the EUR/USD exchange rate, thus pushing it lower for the third consecutive session. This short-term depreciation has sent the Euro to a new one-month low at 1.1560. This mark is likewise close to a one-year low located near 1.15. Friday’s trading session shows that this weekly decline is starting to allay. This means that...