the EURUSD has cratered for the last few weeks and I'm left wondering what may happen as we approach 13 year lows on this pair. 1.0470 (give or take a few pips) is the lowest level since 2003, anytime I see a double bottom happen with nothing nearer than 13 years prior I get curious and I can tell you I'm curious. EURUSD could be headed into MASSIVE lows, I'm...
We have good down movement which started after price reversal from 1.11. We could entry below 1.1027, when got confirmation from MACD and RSI. We could open a short trade, when the pair broke the support level 1.08. Now we can only wait for new signals. If price reverses and moves higher, we'll have possible reversal signal near the resistance level. It will be...
*Trade of the Day* EUR/JPY in interesting zone
Read text written in the chart.
Hello Traders, This is an update from my last post(related links) . In the original post, there was a speculative point 4. At this point I think the rally for the Euro has been exhausted against the Dollar. USDOLLAR Strengthening...For Now USD created a bullish geometry with a high probability target at point 4 of the engulfing Wolfe Wave. As USD strengthens...
After Trump and hitting the Y redline market was short and touched the support. i will update the chart soon
I believe price will continue it's down trend momentum to touch the next key support level of 1.0822. If it breaks below that i could reach the next key level at 1.0707
Hello Traders, EURUSD has offered a high probability move to the downside. The targets have been defined as follows: Dark Red = Very High Probability Target Medium Red = High Probability Target Light Red = Medium Probability Target Grey = Low Probability Target If the Grey target is hit consider this Geometry: This has been in development for several months...
Price moved down and closed below Kijun. We have a reversal signal with RSI confirmation. DMI does not show strong up movement and we can open short trades. Entry level is below the low of the signal candle - 1.10270. Stop orders should be placed above the swing high. As for exit levels - we can place take profit orders near the local swing low or use trailing stop.
Brearish Carb Pattern Completed on this chart
Bearish bat pattern completion.
SELL SETUP Entry: 1.1100 Stop Loss 1.1065 TP 1 = 1.10 TP 2 = 1.1031