How many of you think that CUP and Handle will complete it's target within next 12 hours? And how many of you agree with me?
Maximum target 1.2050 We are not your financial advisors, invest smart.
TP = 1.15531 hit as the latest 4H Channel Down from the successive patterns (see chart) reached the 1D soft support. With DX rejected again at 95.35 it is possible to test the 1.1731 Resistance again. However, the Inverse Head and Shoulders on 1H suggest that the bullish leg (RSI: 67.378, Highs/Lows: 0.0017) is limited to a 1.1600 - 1.1610 Resistance zone and 4H...
Our pair was able to find a new level of resistance at 1,1545 mark after which it turned up. Although we can assume that this movement is corrective. To date, most of our technical indicators point to a sale. We believe that the price will rush down after testing the level of 1.16 from which we expect a reversal. Therefore, we advise you to look for points for...
EURUSD is approaching our first support at 1.1504 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level, pushing price up to our major resistance at 1.1754 (horizontal swing high resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also...
Its good to go buy on EurUsd at: 1.1720 - 1.1722 Stop Loss 1.1700 Target 1.1840
EUR is losing ground to USD in the wake of Trump's Administration directives and ban on some EU Zone industries. If the nationalism protectionism rhetoric and actions continue, it can be a possibility to see another low, however some response actions on US from European Union in economic terms can trigger the up swing. Let me know what you think of it, will the...
eurusd -0.51% is forming a channel in H1 and forming a triangle H4 and D1 .. positive energy for USD. we can see an operative let's wait in buying areas forming BATMAN pattern buy limit Greetings friends.
The price has managed to finally break out the channel, the price has broken out the support level of the channel and has moved all the way down to a very strong support level. The price did confirm the break of the channel by retesting the broken support level, which this time acted as a level of resistance. The price seems to have lost some of its momentum as it...
Just same logic as EURCAD and EURCHF, taking advantage of riding the possible bearish continuation up to psychological support in the daily and weekly chart @1.155. Setting up a sell stop order with conservative TP @1.5506, with possible extension to 2nd TP @1.5059 depending on how price moves before US NFP news tomorrow. If price breaks past my 2nd TP, this pair...
The common European currency continued its decline on Thursday against the US Dollar, as the currency exchange rate reached below the cluster of levels of significance near the 1.1680 mark. On Thursday morning, the currency pair was heading for the lower trend line of a large scale triangle pattern. The trend line most likely will be reached at the 1.1620...
Hello everyone ! Let me show you my opinion about EUR - USD today , is moving into a triangle since a few weeks , i would try to open a short operation around 1.17400 with a tight SL and a little size . Then if will follow my idea will increase my position. Remember NFP friday. Entry : 1.17400 SL : 1.17700 TP1 : 1.16500 TP2: 1.15700 TP3: 1.15300 See you next...
Technical Analysis So Let's start with previous analysis as i said we are following ABC Correction in the longer time frame. We have completed the first wave which is A and now we are working on the wave two which will take us to this region(Blue). That's All In this one I Will keep updating the idea in threads so don't forget to follow me and leave a like.
Following DX's strong support bounce at 93.90, EURUSD was again rejected at 1.17310 forming a new minor 4H Channel Down (RSI = 38.582, Highs/Lows = -0.0041). 1D has again crossed into the bearish zone (RSI = 44.388, Williams = -68.539) but only marginally, and since it has been practically trading sideways since late May, calling a new Low bears additional risk....
Our price remained in the corridor. Taking into account the reversal from the upper boundary, we expect testing of the lower level, which is at the mark of 1.1625. In case of breaking through the level and fixing of the price, we expect the continuation of the downward movement and the expansion of the corridor boundaries. We recommend taking short positions and...
Buy above 1.1621. Stop loss at 1.1578. Take profit at 1.1696. Reason for the trading strategy (technically): EURUSD is approaching its support at 1.1621 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 1.1696 (61.8% Fibonacci extension, 61.8% Fibonacci retracement,...
There is a triangle forming on the daily timeframe. I'm anticipating on a move down, however I'll wait for confirmation before entering the trade.