we should take care about coming moves and we can make decision by using price action candlestick patterns
EURO_USD: With the pair forming a bullish flag pattern, there is possibility that the Euro would take off from 1.1884 and 1.1952 support level. But this could only happen in the next 3 months.
Hello hello friends We broke triangle in down so we can fall to S/R. Then we can jump back to resistance or we can fall more to support. We need to break resistance for next move to up. Hope it helps. If you want you can write comment what you think :)
Buy above 1.2086. Stop loss 1.2024. Take profit at 1.2237. Reason for the trading strategy (technically): EURUSD is approaching its support area at 1.2086 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where we expect prices to bounce off and rise to its resistance at 1.2237 (38.2% Fibonacci retracement, horizontal overlap...
EURUSD is bouncing off our first support at 1.2156 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). A rally might occur above this level, pushing price up to our major resistance at 1.2247 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bullish divergence and is approaching our...
EURUSD is testing our first support at 1.2156 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). A strong bounce might occur above this level, pushing price up to our major resistance at 1.2247 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bullish divergence and is approaching our...
The EURUSD price reached the daily support level at 1.2383. The buyers most likely step in at that area, because the price respected that level few times and it is expected to do it again. Moreover, we know that the big orders are usually placed at key areas. The Fibonacci retracement 38.2 also perfectly matches this same level. The best approach here is to wait...
Having formed the "Double top" figure, our pair is directed downwards and is able to stand under the mark of 1.22 at the moment. Prior to this, having found the resistance level near the 1.2235 mark, it steadily rushed down. If we consider this motion from the point of view of the Elliott wave theory, then we can observe the formation of the third wave, which must...
Losing highs, new lows. Testing previous lows/highs (support)
Long EURUSD @ 1.2219; TP @ 1.2463, SL your choice
- rsi bullish - stops below previous low - expecting a strong correction - entry placed at .786 fib - cypher - all the best
The green horizontal line would be target number 1.
This is no financial advice.
View on EURUSD bear did not changed. I expect we go much lower. 1) Broken TL, 2) Weekend gap... I want to see close below 1.2160