Buying eurusd right before the meeting of Fed and European colleague’s todays is Monday by the way. Anyway, a bit later than it has to be done. The main info is in the video, sad but not able to publish videos here, so it's a quest to find the video.
Buy above 1.1712. Stop loss at 1.1633. Take profit at 1.1811. Reason for the trading strategy (technically): Price has been dropping strongly from last week. We look to buy above major support at 1.1712 (Fibonacci retracement, horizontal swing low support, Fibonacci extension area) for a push up to at least 1.1811 resistance (Fibonacci retracement, horizontal...
Downtrend confirmed, lot of room before next major resistance, rsi overbought, macd crossover, fib level shared with previous support. My analysis shows that this pair will go down until the next major resistance.
USD and EUR always have what its called negative correlation. They make the opposite moovements like they were competitors. In the graphic you can see how in the vertical lines there are periods where exactly when eur is bull, usd crash. In 2018 we are going to see an historical USD crash, and EUR, as well as other currencies with negative correlation with the USD...
Will wait to see how the markets open and watch Price action, Would be looking for this to break that trendline and pull back for a retest before entering long. This would also match up with my Bearish Bias for the USD (See my related ideas post)
Currently trending up, nice zone on the daily.
Buy above 1.1805. Stop loss at 1.1749. Take profit at 1.1928. Reason for the trading strategy (technically): Price is testing our buying support level. We remain bullish above 1.1805 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 1.1928 resistance (Fibonacci retracement, Fibonacci extension, horizontal...
EUR and USD exchanged the courtesy and disappointed the markets with weak statistics. The investors are ‘reading tea leaves’ trying to guess what will have a bigger impact on the EUR/USD: Trump's tax cut reform or the debt ceiling. The biggest central banks start thinking about the pair’s path in 2018. US ISM Manufacturing Index receded from the area of 12-years...
Buy above 1.1805. Stop loss at 1.1705. Take profit at 1.1963. Reason for the trading strategy (technically): We remain bullish looking to buy on dips above 1.1805 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 1.1963 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high...
Market is between a critical parallel channel. Long is likely possible.
Price corrected and held at the 1.18363 support area last week. As such Longs seen as the higher probability choice with the USD still struggling.
Wait for D leg completion and then In the Trade, If you like my analysis Then like it and Comment . Thanks :)
Hey, youraveragetrader here! -Symmetrical triangle Heavier bias for long.
Buy above 1.1805. Stop loss at 1.1705. Take profit at 1.1963. Reason for the trading strategy (technically): We look to buy on dips above 1.1805 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 1.1963 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance). Stochastic...
Sell below 1.1862. Stop loss at 1.1974. Take profit at 1.1728. Reason for the trading strategy (technically): We remain bearish after EURUSD has triggered our sell entry. We look to sell below major resistance at 1.1862 (Multiple Fibonacci retracement, horizontal pullback support) for price to drop to at least 1.1728 support (Fibonacci retracement, horizontal...