here we have eurusd in a ascending triangle. prices seem to be respecting the trend, so there's another possible entry for long if it shows some bullish candles at that level. however on daily prices seem to be in a current pinbar and i will wait for the close of the pinbar candle and see if the trend breaks to go short.
These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day. Good evening traders! Bias on this pair has shifted from upside to neutral after rejection at the 1.062 high. Short-term resistance now at 1.0575, only a lift above will put sights back up to 1.062 high and a break of the latter will...
Let's look at the weekly chart of EURUSD and try to understand possible price action. This information will be usefull for trading based on daily and hourly charts. Now the pair reached a very important level 1.05 which reversed the pair 2 times in the past. Some weeks ago we had a new attempt to break this level but it could stop down movement. Will we see price...
Signs of downtrend on higher time frames Fibonacci Resistance @ 1.1200
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Price bounced from the support level 1.04. RSI confirms price reversal and together with rising MACD histogram give a trading signal for opening long trades. Entry level is above 1.043 with profit target near up Bollinger band. Place stop orders below 1.034. If price breaks the support level, we'll have to search entry levels for short trades.
I'll keep this short and sweet, I can't see too many other scenarios to be long EURUSD much earlier than parity (even then I think I still want to be short). Anyway, Massive resistance sits around 1.0500 and we have a monthly pivot up at 1.0580, I will be looking for any reason imaginable to sell this pair at those levels, I'll probably start small at 1.0500 and...
These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day. Good evening traders! With price remaining below the 1.0505 resistance figure marked in yesterday's technical outlook the swift downside move was not a surprise. The spike low at 1.0341 however is throwing things off. The bias on this...
These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day. Good evening traders! Spike high to the 1.0653 high was met with an equally sharp pullback with price now trading below 1.05. The 1.0505 figure marks short-term intraday resistance that may attract sellers. A push up into the...
Hi Traders, By commenting on key price action events the understanding of price action is easier. Key focal points are clearly identifiable as so are opportunities which tend to present themselves around new lows, new highs etc. By telling the story your trade bias should be better able to remain in perspective of what price is actually doing based on...
Euro long, MAJOR support, channel multiple breakouts, frying pan bottom, in an uptrend with bullish pressure on lower timeframe, 78.6 retracement on daily, 61.8 retracement on 4hr. lots of convergence plus divergenes go long
Hello guys , please watch out for this Deep Crab coming pattern , we might be going short again ! if the price break the X point , there is a potential opportunity to go short ( 2:1 reward/risk ) and then go long on reversal Happy new year to all
Wait for price comes to zone and scalp on smaller timeframe. I think price goes up.