EURUSD is approaching its resistance at 1.1733 (100% & 61.8% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal could occur, causing price to fall to its support at 1.1518 (horizontal swing low support). Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected.
Sell below 1.1733. Stop loss 1.1660. Take profit at 1.1518. Reason for the trading strategy (technically): EURUSD is approaching its resistance at 1.1733 (100% & 61.8% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal, causing price to fall to its support at 1.1518 (horizontal swing low...
EURUSD is approaching our first resistance at 1.1721 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 1.1504 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (21,5,3) is approaching resistance we might see a...
forex pair eur usd is going to accomplite a nice gartley pattern on 4h chart
Long this pair with the break of triangle. Structure shows theres still buying power. Entry: 1.661 SL: 1.60 TP1: 1.17355 TP2:1.8338 RR:2
Details on the chart. For more confirmation wait for a 4 hour close below 38.2% fib. Happy Trading!
EURUSD seems to be constructing a very nice head and shoulders pattern, the market in general is biased to the downside which is why I believe this pair will eventually hit 1.475-1.15. The trend on the 4hr TF is still in tact so we may get a retest of this level before making a move south, my stops are set accordingly if this pair decides to rally. We hit 78.6...
I have been watching this setup unfold and am really looking forward to the overall short trade that is coming here. I expect the corrective structure that we are currently in to complete with wave 3 to the upside and will then be looking for a reversal on lower time frames to enter this short. I am trading the wave 3 leg to the upside as well. Take note of the 3...
At the moment we expect the candle to be fixed above the support level 1.1630 or rebound from the level. Stochastic points to the purchase and MACD emerged from the body of the histogram. If the candle will not be fixed above the support level, we expect the price to move to 1.1520
EURUSD is approaching our first support at 1.1627 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing g price up to our major resistance at 1.1727 (horizontal pullback resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). A breakout above our intermediate resistance at 1.1660 (61.8%...
In this video I introduce you to the benefits of market and strategy diversification. I then cover a short strangle trade that I am currently in. I will begin posting more short premium options trades along with my current directional price action trades that I frequently post.
Hopefully most of you took advantage of the bear run yesterday and this morning. Or at the very least managed to close your longs at on Monday when the bulls ran out of steam (see related idea linked below) This is a simple set up. We wait for the price to break out of the short term (green) structure, then we buy. This break should match up with the structure in...
EURUSD is approaching our first support at 1.1626 (horizontal overlap support, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above that level pushing price up to our major resistance at 1.1723 (Horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also bouncing...
Simple. Playing the candle the first forms outside the formation, but only if everything else checks out.
Despite the fact that yesterday a strong data came out on the real estate market in the US, the pair continued to go up. At the moment we see that the price has reached the level of 1.1720 and has developed from it. Technical indicators point to the sale. Therefore, we advise you to look for points to enter short positions on a pair and set TP near the support...