Buy on these dips 1.1740 or 1.1720 with major support at 1.1680.
FX:EURUSD WAITING FOR THE BREAK OF THE NECKLINE TO CONFIRM TREND REVERSAL Many confluences suggesting that its time to short the EURO and go long on the DOLLAR
Buy above 1.1747. Stop loss at 1.1708. Take profit at 1.1855. Reason for the trading strategy (technically): Price has plummeted from our selling area perfectly to our profit target. We prepare 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...
Last week the EurUsd sold off from key resistance at 1.18363 hinting at further declines. As long as price remains below 1.18363 we will be looking for Bearish formations and patterns, and a possible re-test of resistance, looking to initiate shorts down towards the next key area of support target of 1.17225
Sell below 1.1878. Stop loss at 1.1948. Take profit at 1.1529. Reason for the trading strategy (technically): We remain bearish with price testing two major Fibonacci retracement levels at 50% and 61.8% where we expect a reaction from. We adjust our stop loss to 1.1948 right above the gap to give this trade a bit more breathing space. The goal is to continue to...
Potential set-up I will be taking if D leg completes and my entry rules are met.
Sell below 1.1878. Stop loss at 1.1949. Take profit at 1.1747. Reason for the trading strategy (technically): Price has shot up perfectly from our buying area and reached our profit target absolutely perfectly. We prepare to sell below major resistance at 1.1878 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at...
WEEKLY- Looks Bullish Price was able to hold the 23.6% retracement and we were able to break the high of the previous week. Looks like price might want to retest the highs again. DAILY - Possibly Bearish Price has entered a very strong inflection zone and has hit the monthly pivot point, which also coincides with the 61% retracement from the daily...
Buy above 1.1747. Stop loss at 1.1709. Take profit at 1.1878. Reason for the trading strategy (technically): Price has touched our entry and bounced off perfectly as expected. We remain bullish above major support at 1.1747 (Fibonacci retracement, horizontal overlap support, bullish divergence) for a push up to at least 1.1878 resistance (Multiple Fibonacci...
Big support area price could bounce, however if we break beloved i would suggest waiting for a close on at least 1 h candle and then hopefully get retracement.
Buy above 1.1747. Stop loss at 1.1709. Take profit at 1.1878. Reason for the trading strategy (technically): Price has continued to drop further as we look to buy above major support at 1.1747 (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.1878 resistance (Multiple Fibonacci retracement, horizontal overlap resistance, Fibonacci...