Sell below 1.1666. Stop loss at 1.1738. Take profit at 1.1572. Reason for the trading strategy (technically): Price has dropped strongly and reached our profit target from previously. We suspect that there will be a strong push up to selling area of 1.1666 (Fibonacci retracement, horizontal pullback resistance, breakout area) for sell orders to be accumulated...
After the sell off from last weeks ECB press conference we are looking for a correction into broken support turning resistance at the 1.17225 area which will provide a great place to look for Bearish formations and patterns for shorts down to the target of 1.14932.
As Dollar weakens, Euro is making a pull back as consolidation. Continuation of leg 3 going down towards 1.14 support area. Buy and sell opportunity can be taken at support and resistance levels. However dont miss the big trade going down between .618 and .50 of fib.
Buy Euro till previous support resistance. Then sell at resistance to form the third leg.
EURUSD long retrace 1.18 RSI H1
EurUsd Short Now Sl. 1.19337 Tp1. 1.16700 Tp2. 1.15400
Since last month's candle was a bear candle, I am looking for bear moves on the daily time frame such as this one. Price broke through the moving average. This suggests a possible move even lower. My pending orders sit at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6, 0.0. Each order has a stop loss of 30 pips. Risk is less than 2% per...
AS WE CAN SEE THAT WE HAVE AN HEAD AND SHOULDERS FORMED ,SO A REVERSAL DIRECTION IS POSSIBLE WE THINK THAT THE PRICE WILL TOUCH THE DOWN LINE OF UP TREND ON DAILY FRAME @ LEVEL 1.14750 POSITION THAT WE PREFER : SELL @ 1.18600 SL 1.19550 TP1: 1.16800 TP2: 1.14800 TP3: 1.12100 POTENTIAL TP: 1.10600 www.gcnadz.com www.Facebook.com youtube Channel : grand...
Hello traders, This is a very classical pattern (head and shoulders) that is usually formed at the end of a bullish trend. Let's see how it will evolve in the coming days. Once the neckline is broken, expect a confirmation to the trend reversal. - Abdulla
A break above current price are and structure invalidates this trade.
Sell below 1.1855. Stop loss at 1.1895. Take profit at 1.1747. Reason for the trading strategy (technically): Price has shot up perfectly from our buying area and is fast approaching our profit target. We prepare to sell below major resistance at 1.1855 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) for a push down to at least...
Daily head and shoulders formation on EURUSD, HUGE potential reward! Can't miss this setup!
The market has been in consolidation on the daily timeframe for a while now and is currently at the lower points of the mentioned zone. However, we have not made lower lows/lower closes for a while as well. Therefore, this indicates a market neutral stance for now. On the 4 hour chart we do have a forming pennant/triangle formation despite technically being in a...
Buy above 1.1747. Stop loss at 1.1708. Take profit at 1.1855. Reason for the trading strategy (technically): Price has reached our buying area and is testing it. We remain bullish looking to buy on major support at 1.1747 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 1.1855 resistance (Fibonacci retracement,...
Buy above 1.1747. Stop loss at 1.1708. Take profit at 1.1855. Reason for the trading strategy (technically): Price has reached our buying area and is testing it. We remain bullish looking to buy on major support at 1.1747 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 1.1855 resistance (Fibonacci...