Hi guys, the EURUSD is about to have a strong correction. If you are bearish consider covering. Both the USD and EUR are over extended.
Looking good strategy which i make tonight and now it goes in good profit
Difficult to gauge sentiment with the political and economic instability in the US and the EU, albeit less so in the latter. The pair hit a year high last week of approx 1.075-1.077. There was 4 touches of this high which quickly retraced. Currently, the pair is in a consolidation phase and waiting for breakout. If the the loosely drawn, ascending triangle holds...
looking for trade just watching the break line either buy or sell
this one is easy. look for the dollar to get stronger this coming week and the euro to fall out of this supporting trend line structure.
EURUSD AB=CD at confluence zone and bearish wedge
eurusd showed rejection from a major zone, and resistance, we went short from there and now the ascending wedge broke out+ retested and now its going to drop more.
if break, short. watch closely. good r/r eu still in strange place since brexit USA supposedly bringing in higher interest rates this year.
Bearish divergence is a good signal telling us that an uptrend is going to reverse. We can see on the chart that price tried to reach the resistance level 1.0800, but it looks like bulls have no power for pushing the market higher. It's time to think about short trades. We can sell when price breaks below the uptrend line. Stop orders must be placed above the...
Hello Traders, EURUSD has given us a short opportunity using the Wolfe Wave method, wolfewave.com. A short position from this level would be low risk since the stop would be placed above the recent high created. The price target for this trade would be roughly in the vicinity of the green box. Best, Chartistry
Good day traders! The 1.0851 figure marks some strong institutional resistance. A rally up into the figure may be matched with swift selling. It is ultimately up to you how you decide to setup your entry, stop loss, and exit, however I suggest selling at the figure with a 40-50 pip stop loss and look to get whatever you can on the profit side. Enjoy!
Once price moves towards the 200MA i think it will break and go down to test the Low of the Day (LOD) from yesterdays London/New York session. Placing sell stop and waiting until it gets hit. Will keep an active SL on the position and move it to break even once +10 pips.