REVIEW OF MY IDEA ON EURUSD OLD RESISTENCE BECAME SUPPORT NOW SHORT STILL AVAILABLE BUT WATCH FOR THE MARKET DECISION BETWEEN PRICE 1.2272/ 1.2250
ENTRY: 1.2317// SL: 1.23522// TP1: 1.21800// TP2: 1.20908
On the EUR-USD daily chart, it is forming wave B of a correction phase ABCXABC (at least, it depends on the last wave C). Wave B can do what it wants; it can also complete itself at an extension 1.238 or 1.328 wave A (so, above the X). A the moment has made a retracement of 38.2% of wave A.
My recent trade on this pair performs quite well and is around 75 pips in profit as of this moment. The Friday's outside candlestick (engulfing pattern) is another confirmation for an potential upmove, and the recent swing low served as a basis for a symmetrical triangle. Symmetrical triangles usually mean continuation, but the pair has first to break its 1.22 -...
EURUSD is approaching our first resistance at 1.2288 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). A breakout above this level might cause a strong rally up to our major resistance at 1.2373 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Price also broke out of our short term...
Any thoughts or opinions? Red Dotted lines are temporary S&R levels Orange lines are more well respected S&R levels
Hi guys , you can see the bulllish crab forming on EURUSD , if price drops to 1.618 XA leg we buy and aim for 0.618 and 0.382 fibos. SL will be placed under the 1.618 (Personally i will use 1.2215) Goodluck!
Im going short we broke mayor trendline (blue) my sl is at 1.22850 my 1 target is 1.22200 my 2 target is 1.2180. Tomorrow is NFP be careful!
EURUSD is approaching its support at 1.2169 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal swing low support) where we expect to see a bounce, pushing price up all the way to its resistance at 1.2446 (100% Fibonacci extension, 76.4% Fibonacci retracement, multiple swingh high resistance). We have also identified...
EURUSD has reacted off our first resistance at 1.2285 (horizontal overlap resistance) and a further drop might occur below this level, pushing price down to our major support at 1.2238 (horizontal swing low support). RSI (89) is also approaching our descending resistance line and a reaction of this level might be a good precursor of a potential drop in price. ...
EURUSD is testing our first support at 1.2228 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement, Elliot wave structure). A bounce might occur above this level, pushing price up to our major resistance at 1.2341 (50%, Fibonacci retracement, horizontal swing high resistance). A breakout of our intermediate resistance at 1.2285...
hello guys here's a little chart where we can clearly see a buy zone of Euro against the $. I'm paying attention into the zone due to a series of facts: 1) net long position in the last commitment of traders 2) it's a buy zone or at least it has been recently 3) be aware of positive economic data for US, this means wait nonfarm payrolls tomorrow 4) remember,...
EUR/USD Daily: The pair approaches its lower range support at 1.22, after it broke the rising trendline shown on the chart. Eurozone data was soft this week (Core CPI and German retail sales lower than expected), and we await the US NFP scheduled for tomorrow (yesterday's US unemployment claims 242k vs 225k expected). I remain bullish on the pair in the...
Judging by the majority of technical indicators, we have seen a downward trend. And the published data from Germany, based on this statistics, had been worse than expected. Considering that our pair has broken through the resistance level, its further target is likely to be the level of 1.22 and 1.2170. The trend indicator RSI is directed downwards, and Stochastic...
On the Eur-Usd chart is forming a Bullish Gartley with a point D at 1.20525. So, the currency pair most likely will fall in the next days before starting a bullish trend. This analysis confirms my previous ideas on Eur-Usd.
On the 4-hour chart we can see that our pair draws the second shoulder of the "head and shoulders" figures, having found the resistance level at 1.2450. At this point, the pair turned and moved down. Therefore, we expect the price to reach the level of 1.2240. We advice to set a take-profit at this level. The data released today from Germany and Italy seemed worse...