So big focus on this market right now. There are some reasons why Euro goes higher actually, but this is not forever. I see this like strong political thing. The fact is ECB will end QE by the time and rising rates may earlier. Meanwhile Trump will fight for his reforms. I am really curious what will hapend. Does Mario Draghi know more?
EUR/USD prepares to start from weekly R1 Contrary to expectations, an announcement of the US Manufacturing PMI caused only an eight basis points market reaction. Thus, due to absence of any sizable fundamental events, the currency exchange rate spent previous trading session in a flat and steady movement along the weekly R1 at 1.1815, crossing it multiple...
If price closes above the 5 EMA, then I expect it to do it again. With that being said, EURUSD closed above the 5 EMA on the daily time frame. This suggests a continuation of bullish moves for Thursday 8/3. Therefore, I will be looking for long entries within the support of market structures as well as price action around the 5 EMA on the 15 minute time...
Sell below 1.1846. Stop loss at 1.1880. Take profit at 1.1764. Reason for the trading strategy (technically): Price is testing major resistance at 1.1846 (multiple Fibonacci extensions, horizontal swing high resistance) and we expect to see an intermediate correction for a drop towards 1.1764 support (Fibonacci retracement, horizontal pullback...
Looks like a nice elliot wave on the daily. Wave 4 is supposed to retrace back down to 109.7ish. Wave 5 looks like it's heading towards horizontal resistance. Inside the 4th wave there is another wave where the final leg also reaches down to 109.7ish. It also looks like a break and retest of the resistance at around 109.7ish Looking for a short term sell and...
The price broke the previous resistance level at 1.1763 and the market continue trending. After the impulsive move (breakout), the price started correction. The best zone to step in and follow the trend is the zone at 1.1763, which is now our support. Trend followers will more likely place their buy orders at that structure zone and counter trend traders will lock...
Sell below 1.1846. Stop loss at 1.1880. Take profit at 1.1764. Reason for the trading strategy (technically): Price is testing major resistance at 1.1846 (multiple Fibonacci extensions, horizontal swing high resistance) and we expect to see an intermediate correction for a drop towards 1.1764 support (Fibonacci retracement, horizontal pullback...
Hello Traders, TG 1= 91% probability TG 2 = 86% probability TG 3 = 70% probability Best, Sirak
Price bounces from 1.17500 level. Bearish divergence gives a signal about possible trend reversal. RSI confirms price reversal from the resistance level. MACD confirms downward movement. ADX line of DMI indicator falls and it does not support strong upward movement. Based on these signals we should expect downward movement to MA50 and 1.16000 support level. If the...
Dollar to give a fight back this week, so expecting retracement on all major USD pairs expecting GBPUSD as the GBP has some major fundamental news coming out this week. TP at 50% fibs. Pattern should be complete by the end of the day or mid day tomorrow
Pontential sell opportunity to sell EURUSD due to Double top Formation on H4! watch it carefuly
would recommend a trigger for short when it hits the trend line or s/r the condition of number 1 & 2. basically get the confirmation for your entry. 1.a hammer or a weak on the candle that shows that its going up. 2. the sellers are struggling and it seems like buyers are winning.
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Eur/Usd - H4 - still see more upside potential for this pair now that it has broken multiple weekly resistance and also closed above weekly resistance. targets 1.19
I'm expecting price to be above 1.1620 at 11PM.
The price reached a major level on Daily FX:EURUSD chart since January 2015. All key market speculators are closely observing this zone to make their buying/selling decisions. The best approach is to wait the breakout and see who gets control of the price - Bulls or Bears. After breakout confirmation, enter into the trade with pretty nice risk...
I'm expecting EURUSD to be above 1.1620 at 11PM.