I am expecting eur/nzd to rise on non farm payroll data as far as technicall analysis is concerned it is bullish. Regards 2smart2trade
If we look at the 4H chart of EURUSD, we can see a double top chart pattern. It's a trend reversal pattern at 1.14500 resistance level. We have short opportunity and we must think about entry levels. Based on rules for trading double top chart patterns, we must sell below the local swing low which is between 2 swing highs. Short trades should be opened below...
We are at important resistance level we also have trendline from previous spike highs. However it's a risky trade EUR has significant inflows of capital from big boys. It's a good risk reward trade.
Sell below 1.1425. Stop loss at 1.1450. Take profit at 1.1369. Reason for the trading strategy (technically): We look to sell below major resistance at 1.1425 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) for a push down to at least 1.1369 support (Fibonacci retracement, horizontal pullback support, Elliott wave...
ENTRY: 1.14356// SL: 1.14559// TP1: 1.13884// TP2: 1.13594
The European currency is about to go deeply down again and back to its real rate in the market. It can recover itself up again but not for a long time, the crash is around the corner.
I see potential bearish for eurusd. SL: 1.1463 TP1: 1.1362
It looks like we'll have good short opportunity for EURUSD. Price reverses from the resistance zone and we can see the double bearish divergence which is formed by price and RSI. It's a strong reversal signal which is near the strong resistance level. RSI confirms price reversal. MACD shows up movement but probably tomorrow MACD histogram will reverse and start...
Stops above upper green line.
ENTRY: 1.14174// SL: 1.15423// TP1: 1.10818// TP2: 1.08597
Many usd pairs are coming into these resistance levels. I'll be watching price action very closely. Another leg down seems likely
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The market made a good up movement and reached the possible reversal zone formed by several resistance levels. We can expect that these levels stop and reverse the market and we'll have down movement to MA20 and the support levels. Now we can see that MACD and DMI confirm up movement. But RSI is in the overbought zone and it will be able to give a solid reversal...
EURUSD is currently on the 4 hour time frame testing a strong resistance. Its also showing that we are currently in the 5th Elliot Wave. When this wave is over a bearish reversal will start. A peak at the Dollar Index on the 4 hour and daily time frame shows us a beautiful bullish wedge. This information all combined gives enough ground for a bearish reversal on...