Hello Traders, EURUSD has formed a Wolfe Wave in H1. Both Gwaves and my Model are pointing to the same area (highlighted in green). I don't expect new highs to be taken out just yet as the larger time frame suggests lower lows (see related link).
Buy above 1.1781. Stop loss at 1.1709. Take profit at 1.1878. Reason for the trading strategy (technically): Price has continued its drop perfectly towards our profit target. We now turn bullish due to the changing elements we are seeing. We look to buy above major support at 1.1781 (Fibonacci retracement, horizontal pullback support) for a push up to at least...
Buy stop chance for experienced traders . Good luck !
Clear Head and Shoulders pattern alongside a strong RSI divergence, I believe this currency pair will have a reversal. Comment what you predict below!
Sell below 1.1832. Stop loss at 1.1888. Take profit at 1.1752. Reason for the trading strategy (technically): Price dropped perfectly from our selling area yesterday. The goal today is to look to sell on the break of our major support at 1.1832 (Fibonacci retracement, horizontal overlap support) and upon this break, we expect price to make a push down to at...
ENTRY: 1.18419// SL: 1.19515// TP: 1.12267
Sell below 1.1835. Stop loss at 1.1887. Take profit at 1.1672. Reason for the trading strategy (technically): Price is approaching major resistance at 1.1835 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, bearish divergence) and we expect to see a strong reaction off this level to push price down to at least 1.1672 support (Fibonacci...
EURUSD is approaching major resistance around 1.18800 levels. Start looking for signals to short this pair as it has formed the top of the right shoulder formation of a head and shoulders pattern. On the daily RSI is extremely over bought and approaching over bought territory on the daily.
Ultimately bearish, I want to see a retacement to where arrows specify and then a longer term drop.
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: EURUSD Time frame: 1D What Has Happened So Far: This is very much like the XAUUSD trade we have on right now so I will keep it short and sweet. Price came down and hit our zone nicely. If you took a buy...
Resistance 1 is a very long term resistance of bottoms years ago, just zoom out to weekly view
Dollars was weaken so eurusd back up and its also a legit pullback after down almost 300pips but for me the both EU et GERMAN CPI was missed expectations then it wil not help the BCE for talking about tapering anymore for now is my thought We also have the Fomc in sight and it will be a reral surprise if they turn Dovish as they got inflation and low...
Technically, I see a developing head and shoulders pattern which could potentially break the neckline soon, a scenario which I'm looking out for as confirmation to add to my short position. Although I try to largely avoid fundamentals, I consider the fundamental criteria to be largely supportive for the potential for a generous bearish correction in this pair,...
Between 17,5 and 14 is a high resistance zone, once out of it, it will slide easier till the 200MA, below that is the open gap to be filled