I have made some changes in my count. My EURUSD Forecast still remains bearish according to new wave count. It looks that (v) of or is now near completion 1.0624 is support level. I am not convinced to sell at current market price. Waiting for strong resistance levels.
When price bounced from the resistance level and the uptrend line, we could open a short trade below the low of the bearish candle. RSI confirmed price reversal. New entry level is below the local swing low. Stop orders for these short trades should be placed above 1.0830 level. Profit targets are near the support levels.
From the recent high there is a 5 wave bearish impulse. Any choppy 3 wave correction will be a sell with a stop at the recent high. The whole structure from January is just 3 waves, and the pair overall remains bearish.
EURUSD made 5 wave downside and is now in correctional phase. My EURUSD Forecast remains bearish. EURUSD made a low near 1.0640 and completed wave (v) and then made (a) of . I am expecting wave (b) of to complete near 78.6-90% Fibonacci retracement of wave (a). My intraday EURUSD Forecast is bullish while I am bearish as a whole. My forecast will turn bearish...
Possible Long for EURUSD Mirror of the move up at the end of last month
A few things here Broken support line MACD has just crossed and entered the sell zone, shown by arrow RSI has a broken pattern as well, indicated by the arrow To set stop loss level, it is clear there is a strong resistance at around 1.075, as it bounced back down twice from this price, so 1.08 is a safe level As for the Reward, Fib and previous structures...
#EURUSD #SELL 1.08 Final TP 400 pip TP each 50 pip SL 85 pip (H4 close) KEEP M.M. G. LUCK
Long sell unless trend continues through the red Breakthrough Area. Trend may have already started because of previous spike resistance.
EURUSD 2618 almost completed keep an eye on this 0762 zone
EURUSD moved somewhat faster than we expected, dropping to the bottom of our supply box and then rebounding up to trendline for a solid 50 pips. It hit our TP exactly at 1.07550. However, because that move completed so quickly, it was easy enough to see it would not be the real move, especially after it respected the trendline. EU is quickly approaching a zone in...
Price reached the resistance level 1.0800 and it is a good level for opening short trades. Entry level should be below the low of the bearish candle. Stop orders must be placed above the local swing high. Profit targets are at the support levels 1.0500 and 1.0400. If price breaks the resistance level 1.0800, the next reversal zone can be at the downtrend line with...
Shorted eurusd this morning following the second trend line break, ma's crossing over and a strong bearish lower close. Target 1.06622 a break of this level and we could be visiting the lows once more
EURUSD Looking for a leg down if we get a close below the wedge and purple support line. Daily close will be the strongest. 4hr will suffice. Keep stops behind resistance levels. The ROI makes the trade with larger timeframe confirmation. Monthly Chart and Weekly chart are showing this area as a resistance area. Brown dashed line is monthly Resistance.