- bearish bat pattern - expecting a trend continuation to the downside - broken my position size into 2 and have one entry at the .886 fib and the second entry ( the more aggressive entry) at the Fib confluence ( blue .618 with the white .786) - LL formed, hopefully price will print the LH - RSI is bearish - all the best!
Entry level between 1.238/1.240 Stop at 1.242 Target 1: 1.232 Target 2: 1.226/1.222
Hi guys, The rejection of this H1 candle and at this level (1.24) tends to suggest that the right shoulder is about to end, favouring downside momentum for the pair and thus validating a nice ascending H&S pattern. Should the neckline break (which I think will), the pair will likely re-test 1.23 and potentially could go lower. My new target (and probably...
Bullish cypher formation long. Bullish on EUR bearish on USD I think its a nice opportunity for a few fast pips. Correlation with GOLD seems have strengthen. RSI oversold with divergence. Few daily levels of support lines. Good LUck
short eur usd entry zone 1.24-1.2420 sl: 1.80 tp1: 1.2350 tp2 : 1.23 tp3 : 1.2250 be ready for fall down
Hi guys, Here's a nice trade I will be taking. As you know, I am bearish on EUR/USD(please refer to my previous ideas). The idea is simply to sell the pullback which is a triple confluence zone: 61.8% Fib retracement as well as High volume and former support zone. Should the trade not be triggered, doesn't matter we will find another one ;) Any...
The upward index of our pair has weakened and at the moment we are seeing that our pair has consolidated near the level of 1.2385 and moved slightly away from it. Our technical indicators do not yet indicate a sale, although the pair was unable to overcome this level. Also after yesterday's trading, the dollar index has strengthened and the USD has grown relative...
Sell below 1.2421. Stop loss at 1.2453. Take profit at 1.2345. Reason for the trading strategy (technically): Price is approaching its resistance at 1.2421 (78.6% Fibonacci retracement, horizontal swing high resistance) where we expect price to reverse, pushing it all the way down to its support at 1.2345 (horizontal overlap support). We do have to be cautious of...
The Euro was trading along the 100-hour SMA on Friday, with the 200-hour moving average working as a strong support. Being stranded by these two barriers, the pair failed to gain momentum and thus ended the session with no change to its positioning. The general tendency continues to be northwards; thus, a surge is likely to follow if the Euro surpasses the 55–...
EU has tested this resistance and is ramping up to break it. Possible long position for around 25 pips.
new high lows being formed i took a buy position of 0.10 at 1.2369
BlockMason Credit Protocol (BCPT). Get ready for another wave up! We are going straight into the trade instructions and then we will take a quick look at the signals and indicators. BlockMason Credit Protocol (BCPT) Trade by Alan Masters TRADE INSTRUCTIONS Buy-in: 0.000052 - 0.000062 Targets: (1) 0.00007441 (2) 0.00008921 (3) 0.00011311 (4) 0.00013011 (5)...
EURUSD tested its resistance at 1.2387 (61.8% Fibonacci retracement, horizontal overlap support) where it could potentially react off, causing price to fall to its 1st support t 1.2325 (38.2% Fibonacci retracement, horizontal support) or to its 2nd support at 1.2306 (50% Fibonacci retracement, horizontal overlap support). We have also identified another resistance...
Its a game of Cat & Mouse between the Bull & Bears but my Bias is UP.
Head and shoulders pattern confirmed. Has to break trough MA (200) for confirmation to short. Happy trading!
By continuing the analysis of EUR-USD, wave B was completed with a retracement of 61.8% of wave A and now is forming wave C. If this wave is the last of the correction phase ABCXABC, will depend on how many sub-waves it will be composed (three the correction will continue, five the correction will be completed). Possible target of wave C: 1.2240 wave C = 0.618...