Price dropped to the support level and we have trading opportunity. If price breaks 1.11500, we'll open short trades below 1.11250 level. MACD and DMI confirm the beginning of a new down movement. Also our short trades will be supported by the daily chart. Stop orders must be placed above 1.12000 and take-profit orders near 1.10000 level. P.S. If you think...
So we are back to where we were on Tuesday. A break of the black trend line is my entry to sell. A convincing bounce is my entry to buy... I'm waiting for the sell.
EURUSD is still looking bearish, it is on correction right now which means one more short move to the upside is possible. We will keep watching this pair so as to optimize our entry, we are waiting for it to finish the triangle and go up for C wave then we can set a better entry. If it doesn't make a C wave, we can sell from the level mentioned on the chart. Also,...
Yesterday the price moved back into the previous sideways channel, but still hangs on inside the down channel. A break upwards from the down channel should be a good place to buy. And likewise a break back out of the sideways channel is a good place to sell. We can only stay within one of these channels. So it is best to see which one before committing to a...
EURUSD still showing bullish sign Fundamentally its remains Long . Need to watch Brexit Nigotiations I am tilted to soft brexit possibility Regards, Dipak Zed Trade Safe
Let's look at the weekly chart and get insight how to trade within the next week. Price reached the possible reversal zone between 1.12500-1.13000 levels. We have a bearish candle which confirms that price bounces from the resistance level. RSI and MACD histogram also confirm price reversal. We could have a good short opportunity but DMI confirms strong up...
Red is resistance, green is support. Reds become greens if price goes above and vice versa. Solid green lines are my targets.
We can see that price passed through the kumo. DMI confirms trend market conditions. It's a sell signal and we can open short trades below 1.11650 with stop orders above 1.13000 level. Take-profit orders should be placed at the support levels which are based on round numbers.
Hit target in the last short bang on (see related). Time for another one. Took the trade before posting the chart. Placed entry at the price I entered. Good luck.
EURUSD rally may finish soon to start a deep correction, a selling structure is taking place. P.S: This content is for educational purposes and discussion. Good luck.
An update on the previous short, SL moved to continue the trade.. But this can be taken as a new trade as well. Breaking above this mini structure is a good time to call it quits and/or switch to a long position.