Sell below 1.1744. Stop loss at 1.1793. Take profit at 1.1653. Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area previously and is fast approaching our profit target. We turn bearish today looking to sell below 1.11744 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to at least...
Short at 1.1885 and put your tp around 400-500 pips. i would recomend no stop loss on this but feel free to place yours depend on your risk managment.
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 Last week we were looking at the MACD crossing over that important centre line. It has now done that and the price declined with it. Please note EURUSD bulls... The EMA's on the MACD have...
The price bounced from 1.17000 support level. Double bullish divergence gives a trend reversal signal. RSI confirmed price reversal from the support level. MACD supports upward movement. DMI allows opening long trades. Also the daily chart confirms upward movement. We have buy opportunity. Buy orders should be placed above SMA50 at 1.17575 level and stop orders...
Hello Traders, Getting in front of the Fed announcement with a short in EURUSD seems like a good idea. My model has produced a sell signal, consolidation zone (that has been tested twice) and has produced targets with their respective probabilities of being hit.
EurUsd lat week broke below key support at 1.17381 and is currently testing it as resistance forming a Bear Flag in the process. As the downtrend is still intact we will look for further declines in the EurUsd towards the targets of 1.16399 and 1.15167 respectively. Only a clear break and run above the downward sloping trend line and key resistance of 1.17381 will...
Bearish white swan TF: Weekly Potential target 1: 1.1440 Potential target 2: 1.1025 Uptrend line broken - Possible correction in progress
Buy above 1.1698. Stop loss at 1.1653. Take profit at 1.1793. Reason for the trading strategy (technically): Price is testing strong support at 1.1698 (Fibonacci extension, horizontal swing low support) and we expect to see a bounce above this level to push price up to at least 1.1793 resistance (Fibonacci retracement, horizontal swing high...
EURUSD is testing support level at 1.17 again. There are two theories about strong of support or resistance. One tells that more tests of level means stronger level, other tells that each next test of level make this level more weak. We don't know what will happen in this case but looking at the lower highs we could expect to break out lower.
I think it's a strong long-term possibility like and comment if you agree or not agree my idea
Sell below 1.1836. Stop loss at 1.1897. Take profit at 1.1717. Reason for the trading strategy (technically): Price is approaching major resistance at 1.1836 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction off this level to push price down to at least 1.1717 support (Fibonacci extension, horizontal swing low...
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 EURUSD is still being incredibly stubborn in its range, however it could be about to break out of that range!! and it might not be the way we initially thought. After re-assessing the MACD...
The price bounces from the support zone formed by 1.17200 and 1.17000 levels. Bullish divergence confirms trend reversal. We can expect for further upward movement. Entry level should be above SMA20. It's 1.17750 level. Stop orders must be placed below 1.17000 support level. Profit targets should be at 1.18500 resistance level and the downtrend line.