Buy above 1.1839. Stop loss at 1.1775. Take profit at 1.1948. Reason for the trading strategy (technically): Price is now testing major support at 1.1839 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect to see a bounce from this level to push price up to at least 1.1948 resistance (Fibonacci retracement, fill price...
Pair is is very close proximity to resistance channel valid from May. As most likely scenarios from now on I see upward rebound from 50MA (red line) or from resistance line drawn in monthly scale (orange line). If that were not to materialize, I have second long setup as well just above 1.17. Fibonacci indicates resistance at 61.8% meaning there is likelihood of...
GAP! zone need to close! Confirm by Pinbar+Demand zone
Price moving in channel now it is near 0.786 F lvl correction + formed "pinbar" use as target 0.386 F lvl
If you look at my previous related idea, you will see we are waiting for a break down to short (ideally) and have made some nice pips so far. We are now expecting this gap to close first... (I don't like selling/buying breakouts when a gap remains inside the structure) You may want to buy this here with SL below the red structure. Or you may want to wait until...
Hi guys, today I want to show you how I trade countertrend, piecing multiple timeframes together. Keep in mind though, that generally speaking the sentence 'the trend is your friend' is always true. However when it comes to specific timeframes one can make use of particular price movements. Such as in this case. As you can see the EURUSD recently had a strong...
Sell below 1.1966. Stop loss at 1.2001. Take profit at 1.1869. Reason for the trading strategy (technically): Price has bounced up strongly as expected. We now prepare to sell below major resistance at 1.1966 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 1.1869 support (Fibonacci extension, horizontal...
1.2 is a nice resistance zone which price is currently moving into. There will be some bears coming in to fight the price back Do note that overall trend is still bullish, therefore it will be consider as a counter trend. trade safe Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading...
Waiting for the sell. For anyone who talks to me on other platforms/IM, you will know I will have many positions open on this pair that have no relation to this idea because I mainly trade 2min time frame with algos and barely have time to manually trade these days... But nonetheless I still draw charts in the mornings when things look interesting out of habit...
The price bounces from 1.18500 support level and RSI confirms price reversal. MACD histogram is going to support possible upward movement. DMI allows open long trades. We have buy opportunity. Entry level can be at 1.19200 with stop below 1.18500 level. Profit targets are 1.19800 and 1.20300 levels.
I wanted a break of this support level. But I woke up this morning to see that the price didn't close below. SO, the price could bounce off this support back on course to 1.2. ECB still wants to stop euro growth temporarily, but the markets are dumb and to think like a dumb person, makes me go long. Br-exit talks later. stay Chunese
Buy above 1.1829. Stop loss at 1.1758. Take profit at 1.1957. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.1829 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to at least 1.1957...
- rsi approaching over sold - previous eurusd gartley hit sl but the entry of this cypher is in confluence with the 20 ema on the 4hr chart - entry at .786 - T1 at .382 fib and T2 at .618 fib
Short EURUSD @ 1.20; TP @ 1.1852, SL your choice