At the end of october EURUSD has broken out significant support level at 1.17000 and price remains below untill now. Of course 1.1700 is now resistance level. After the breakout price has gone lower for near 120 pips and as usually back to test recent support zone. We have expected that price touch 1.1700 level or go just above but it turned just before created...
EURUSD broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bear candle gives me enough reason to believe a down trend is about to begin. My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0. Each order contains a 30 pip stop loss and no take profit target. These...
I have been shorting this pair for hailf the week and it keeps pushing upwards. NFP Tomorrow so this might get interresting
Price found resistance last week at 1.16720 forming a Bear flag. This week we look for further declines with a correction providing the opportunity for shorts down towards the target of 1.14932.
Sell below 1.1666. Stop loss at 1.1738. Take profit at 1.1573. Reason for the trading strategy (technically): Price has started to form a really nice reversal pattern as we first suspected. We remain bearish below major resistance at 1.1666 (Fibonacci retracement, horizontal pullback resistance, breakout area, bearish divergence) for a further push back down to...
LETS SEE WHAT WE RECOVER FROM THIS DROP
Sell below 1.1666. Stop loss at 1.1738. Take profit at 1.1572. Reason for the trading strategy (technically): Price continues to confirm our suspicion as it rises towards major breakout resistance. We remain bearish as we continue to expect a strong push up to selling area of 1.1666 (Fibonacci retracement, horizontal pullback resistance, breakout area) for sell...
Sell below 1.1666. Stop loss at 1.1738. Take profit at 1.1572. Reason for the trading strategy (technically): Price has started to reverse nicely from our selling area. We remain bearish below major resistance at 1.1666 (Fibonacci retracement, horizontal pullback resistance, breakout area, bearish divergence) for a further push back down to 1.1572 support...
Important resistance cluster of fibs and pivots and it's also neckline
EUR formed a max butterfly harmonic pattern, its started on 6 October @1.16691 and completed @1.1547 on Friday the pattern is bigger than our last one we had shared ( linked below ) so its target is big too ;) Target is marked as always by green line @1.17943 and stop loss is marked by redline @ 1.15371 Thank you -------------------------------------------- Don't...
As we shared before the harmonic pattern is completed and we now (long position) the update is keeping watch the redline (marked by arrow) to save our profits (as long as the price is up the red line) and sell when its break it down
H&S Pattern on Eur/Usd and its also broken the trend line. Hoping to see 1.11 again
Sell below 1.1666. Stop loss at 1.1738. Take profit at 1.1572. Reason for the trading strategy (technically): Price continues to confirm our suspicion as it rises towards major breakout resistance. We remain bearish as we continue to expect a strong push up to selling area of 1.1666 (Fibonacci retracement, horizontal pullback resistance, breakout area) for sell...
Stop hunt monster took the first idea but it still went our way. Now the cool thing is shes on a down trend. If we get above the top stop hunt box great entry for a short at the trend line! Lets see if this US news pushes her to where she needs to be!
EURUSD | Tech | The bear expectation