Looking at the first resistance and support of the day. Break at market opening and closing above or below the support/resistance is a signal to go short/long.
Would this be the range for EURUSD for the next 12 hours.
Let´s see if the H&S pattern confirms. To that, there should be a bounce right now which eventually would be rejected somewher at 1.20-1.23 reversal cluster.
EUR is still looking bearish and currently ranging between the 2 zones. Expecting another retest to the upper zone before falling lower.
EURUSD -- Bearish flag into descending triangle continuation. Details on the chart. Happy Trading!
Going long when wave 2 is completed.
EURUSD is approaching our first resistance at 1.1693 (horizontal overlap resistance, 38.2% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.1597 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a...
EURUSD is approaching our first resistance at 1.1693 (horizontal overlap resistance, 38.2% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.1597 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a...
WELCOME TO DACAPITAL TRADING!! EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Pullback and strong bearish movement to 50% of previous X-A Wave DAILY Consideration Zone looking forward new highs as market is oversold WEEKLY Overall Bearish but market moving sideways and considerating for now! LEVELS BUY...
After the recent fundamental events and releases a broader review of the EUR/USD currency pair was conducted on Thursday. Namely, all previous patterns were deleted and a fresh look was taken at the situation to capture the new fundamental information. It was discovered that the currency pair is trading in massive scale descending pattern, in which there exists a...
Guys EURUSD form Head and shoulder pattern keep watch and get profit. Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity...
Here is my Analysis on EUR/USD -0.06% For a bearish (Sell) perspective this is an Educational Idea for my own personal studies. The area of interest for me to look for sells is within the resistance zone that has be formed here if we see this pair drive up to that zone that is where we could consider potential sellers to come into play. I will be Posting...
Hello all. New theme. Hope you like it. I entered short when price broke into the envelope from above. And I am adding a short if it breaks out of it here. --The envelope is the grey wave area, with blue at the bottom and red at the top-- The orange line is the next support and our target.
Having reached the level of 1.1740, the pair went down and the technical indicators turned around. During yesterday's US session, the dollar sank and the pair resumed growth. Now we expect that the pair will have a downward trend, so we will look for points to enter short positions. If you look at the lower charts, now we see the formation of the third downward...
EURUSD - LONG Long term 1hr+ i see us heading up in the Euro - but this is a shorter term play on the 15m times Two paths for entry - Path 1 - Buy now at 1.17394 Stop - 1.16824 Take Profit - 1.18525 R:R - 1.83 Path2 - Buy at 1.17151 Stop - 1.16824 Take Profit - 1.18525 R:R - 4.2 This provides you two places of entry and as you can see greatly increases your...
TP = 1.1730 hit on Friday and EURUSD is complying 100% to the buying pressure applied by the projected bullish reversal pattern (black curve) on 1D (RSI = 54.819, Highs/Lows = 0.0048) and continue to rise within a smaller, more fixed and controlled 4H Channel Up (RSI = 62.173, MACD = 0.003, Highs/Lows = 0.005, B/BP = 0.0024). The current price (1.1740) is a...
Price broke major resistance zone perhaps it will become support Unfortunately stops have to go below 1.6660