- rsi oversold on 5 min chart - great R:R - T1 and T2 at .382 and .618 respectively - entered late on the retest at .786 - Possible better entry at 1.272 extension
Sell below 1.1994. Stop loss at 1.2035. Take profit at 1.1838. Reason for the trading strategy (technically): Price is back to testing our resistance area. We remain bearish looking to sell below major resistance at 1.1994 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and we expect a further drop from this level to push price down...
- confluence of weekly resistance with .786 fib entry - rejected this weekly resistance previously three times - RSI is approaching oversold - T1, T2 and T3 are set at .382, .618 and 1.00 fibs - However I may extend T3 if it seems likely for further downside.
Sell below 1.1994. Stop loss at 1.2035. Take profit at 1.1838. Reason for the trading strategy (technically): Price is dropping perfectly from our selling area. We remain bearish looking to sell below major resistance at 1.1994 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and we expect a further drop from this level to push price...
Sell below 1.1994. Stop loss at 1.2035. Take profit at 1.1838. Reason for the trading strategy (technically): Price is seeing major resistance below 1.1994 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to push price down to at least 1.1838 support (Fibonacci extension, horizontal swing...
A trendline was broken in the EURO50 index and showed hint of more upwards momentum. I then checked EURUSD on the daily which showed rejection to the 1.8800 level. Then on to the 4H where a trendline is approaching, if this breaks I think we can see the Euro have another go at 1.2000. There's alot of news for the USD today, and I think we can see a small negative...
Chart speaks for itself. Will the possible support, point E hold? or could it go lower? Just an idea..
Buy above 1.1829. Stop loss at 1.1768. Take profit at 1.1926. Reason for the trading strategy (technically): Price dropped and bounced up perfectly from our buying area to reach our profit target. We expect it to drop once again to our major support at 1.1829 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we make a strong bounce...
It might work, taking out the EUR of the equation, there's a short-term breakout preceded by a divergence between the german 2-yr bond and the unique currency; as this is a relation, it means that choosing one of the side makes more profit that going for one and keep against the other. Just a matter of options.
Buy above 1.1829. Stop loss at 1.1768. Take profit at 1.1926. Reason for the trading strategy (technically): Price continues to drop further and is fast approaching major support at 1.1829 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect a strong bounce from this level to push price up to at least 1.1926 resistance...
the daily shows the stong upward trend that the Euro has been following for a number of months and has been used to generate the target. The Hourly shows the clear three wave pullback we are looking to trade, the Fib coincides with the trend line so i may decide to wait for the trendline to be tested before buying. Fundamentals for the euro remain really strong...
RSI showing overbought pair EUR/USD Expecting price to fall down to 1.17 this month. Happy trading
after break 1.1948 you can Sell EURUSD SL :1.2004