I'm still very much in the learning seat, so I would love any feedback regarding my pattern matching skills! I think this is a good bullish pennant match on the EUR/USD 1H chart, and is supported by a strong uptrend on the daily chart. Any traders considering taking this opportunity? Thanks for any feedback!
I expect purple wave B will go the full way to the end of former wave 5, which corresponds with the resistance line of the downward channel, the 0.5 fib speed resistance and with the support line @ 0,786 fib (= 0,786 €, what a coincidence ;) ). As wave B always consists of three subwaves it already could be counted as this but it is also possible that we will see...
Risk: Low Please be advised that this is only an idea, so you are responsible for any losses yourself. Dear followers, First of all, many thanks for following and liking my ideas. As promised I provide you with some penny stocks today, but for the most part I keep focusing on the crypto analyses. Education: Do you know people who had to leave their home...
The greenback remains under pressure against major rivals. However, the currency started to signal the potential recovery lately. The recent example of this was yesterdays’ reaction to the Fed’s Beige Book. The report was fairly “hawkish” as the central bank has confirmed its intention to hike rates three times this year. The release triggered renewed dollar...
major support from 1.2325 2008 crisis served as beautiful rejection for price, and we saw a huge bearish close on the daily. Price is now once again trapped within the ascending channel. Overall trend is still bullish on the daily TF, however, after bouncing from this key level (1.2325) and closing below on the daily, I look for selling pressure and a short entry....
EURUSD has started to drop perfectly from our major resistance level. Now major resistance is changed to 1.2208 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a further drop from this level could occur pushing price down to 1.2090 support (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major...
To start I am brand new to Forex. I have only been trading for a month now and in the month i have turned a 100$ account into 7$. it is currently up to a whole 20$ and i would like to share what i have learned so far currently involving the EUR/USD pairs current movement. 1:M's and W's and slanted M's and W's after sitting in the trading view Forex chats i notice...
The greenback is attempting to stage a recovery on Tuesday, but after the Asian demand, momentum has faltered. The current widespread strengthening doesn’t look convincing and will likely attract a new wave of selloff in the short term. The potential US government shutdown this Friday is in favor of such developments. The risk of a shutdown has increased recently,...
EU cup formation is in progress. With the breaking of the neckline, the hard-up volume increased. Now I am watching the resistance of 1.2287. If you do not break, I expect a retreat around 1.2145 / 25. I think the 1.2145 / 25 levels will be suitable for long. Good Luck!
The Euro continues to take advantage of the weakened US Dollar, driven by hopes on the new German coalition. The pair started its surge mid-Thursday and has since appreciated 2.37%. As a result, the it breached the upper boundary of an ascending channel valid since late October, as well as the rate had reached its highest point since 2015 by early today. As...
EURUSD is forming a strong bearish butterfly reversal formation with first major resistance at 1.2289 (ABC Fibonacci extension, bearish butterfly harmonic formation) and a strong reaction could occur at this level to drive price down towards 1.2090 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below...
It seems EURUSD has broken up with force, this is a good R/R trade.
Hi everyone, As you can see RSI is indicating an overbought pair eur/usd. If we close with this high today, next week will be shorting week. Keep your eyes on it and get ready to enter trade on monday :) Take profit 1 is at 1.2 Take profit 2 is at 1.1930 Take profit 3 is at 1.1860-70 Take profit 4 is at 1.1730 Long term EUR/USD should fall to 1.14-5 area If we...
Hey Traders :) We think that EURUSD pullback to the last ascending trendline. If not there is a good possibility for a long setup !
Possible short trade opportunity for EUR_USD
- 4hr rejection wick - 15 min sell candle destroyed plenty of green bars - sold from the .50 fib - great R:R last one for the day haha goodluck!
Sell below 1.2057. Stop loss at 1.2096. Take profit at 1.1982. Reason for the trading strategy (technically): Price is testing major resistance at 1.2057 (Fibonacci retracement, horizontal overlap resistance, bearish butterfly harmonic formation) and we expect to see a reaction off this level to push price down towards 1.2018 before 1.1982 (Fibonacci...
Short position at 1.2080 after NFP is still open I tp 3 short position at 1.9200 mP. I have short twice again at a retest of a black trend line and got knocked out today at 1.970 with a profit. IF price goes down below black trendline and retest im willing to try again.