title. Daily bullish continuation. Traded off the fib level
Sell below 1.2023. Stop loss at 1.2100. Take profit at 1.1886. Reason for the trading strategy (technically): Price is seeing major resistance at 1.2023 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance, bearish butterfly harmonic formation) and we expect a strong drop from this level towards 1.1886 support (Fibonacci retracement,...
Look for to go short at the top of the descending channel.
The EURUSD’s rally gained traction on Thursday on the back of a broad-based US dollar weakness exacerbated by the year-end thin trading. A new wave of aggressive selling in the buck was mainly provoked by the recent declines in Treasury yields and adjusting positions ahead of the New Year’s holidays. The pair extended the rally above 1.19 and encountered...
Sell below 1.1961. Stop loss at 1.2012. Take profit at 1.1841. Reason for the trading strategy: Price is slowly creeping up towards major resistance at 1.1961 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) and we expect a strong reaction off that level to push price down to at least 1.1841 support (Fibonacci...
EURUSD major levels of resistance: 1.2050 (Long term horizontal pullback resistance, Fibonacci extension) EURUSD major levels of support: 1.1560 (Horizontal overlap support) EURUSD technical indicators: Stochastic (89,5,3) is reversing perfectly from our 96% resistance.
Hello traders, Another buy setup is forming in FX:EURUSD . Buy the EUR if it breaks above that flag. The target are the trendlines that I have shown in the chart.
Euro had to interrupt its 4-day winning streak after the news that pro-independence parties secured a renewed majority in the Catalan parliament. Such election results reduce hope for mitigating the constitutional crisis in the country. As a result, EURUSD dived to lows in the 1.1816 area where it met “demand on dips” and recovered partially to the comfort zone at...
Price broke major resistance im going long again but with lower size sl below 1.1820 be careful end year trading is risky.
Hey guys, I am looking to short the pair if it breaks the support line and the fib line. Target is shown in my chart. Cheers Jesse
Divergence (previous low) Pullback Gap Fill
touched the resistance trend line ,,, 5% of my account on this trade. risk reward is good for me apply this in your account and your chart as well ,,, good Luck All ,,
Im going long from wP stops below low, first target 1.180 possible more however be careful end of the year trading is never good because most of institutional trades are already out of the office at home.
We are currently sitting at a super key resistance level at 1.18404 and depending on how the price action reacts to this; could see us either come back down to our support level at 1.17170 or continue the bullish momentum and head towards 1.19094. To conclude my overall bias for this week is neutral but i am keeping a very careful eye on the next move for this...