In the mean while we are looking short to possible targets of 1.1200. However, analysing the chart I believe this is a key level in the market. If price does break below the TL then we would have further downside targets. However, as this is an ascending channel we can look for further upside targets of 1.14300-1.14500 which would be a completion of the 161.8 “D”...
Looking bearish atm as price has been rejecting and the Daily downward trendline with strong bearish Candlesticks in play. We have a possible downside ABCD formation (Target to TL Price Level1.12025 and Stop Loss1.1300). However, I would be seeking the bigger move, but must take each target level into consideration and must re analyse to ensure our next target is...
We see Doble Bottom at 240 minutes time frame sell when break with nice risk: reward 1:1
EUR/USD is in a complicated Position right now. Scenario 1 is Bat Pattern to take place and also test the upper trendline (Sell after the Completion of the Pattern and a breakout) Scenario 2 is an ABCD Pattern to take place (Buy after a breakout to the upside) We'll see whats happening in the next few Days/Hours Trade safe, Daniel Likes and comments are...
Correlation is finally setting in as the euro shows evidence of bearish formation
I just found it funny that EURUSD has formed many triangles and it seems like its going to take a while until they resolve...
With all the GBP strength over the last several days it probably seems crazy to think/talk about shorting GBP I'm going to do it and you can't stop me. I've already made some good cash buying EURGBP this morning, GBPUSD is next on the chopping block. I want to see this move 100'ish pips higher then i'll be looking for some short term trend line breaks to sell. ...
Going to rearrange my fridge and hopefully this move has started when I come back.
The market closed below MA20 and probably we'll see following down movement to the support level 1.1000. DMI confirms range market conditions. MACD histogram and lines fall and confirm down movement. We have to search opportunities for opening short trades based on minutes and hourly charts. Stop orders should be placed above MA20. Take-profit orders should be...
EURUSD has two untested swing levels "YELLOW BOX" and the "GREEN BOX" are swing levels that have been tested. The green box's are more prone to collapse. The swing points or supply and demand zones are just areas to watch on the chart. If price shapes out and still favors the SELL to make new lows, a pull back to the upper Yellow Box would get you in at a much...
This pair recently likes to trend very volatile. Pull back in the prior resistance ZONE would be an area id target for re-entry into recent dollar strength. I honestly favor the 1.14/1.15 area to sell this pair. However there is no denying the recent USD strength from recent news.
Possible Cypher pattern is forming on EURUSD pair. I expect lower than expected NPF tomorrow which will cancel every chance of hiking in September. Longs I expect an entry point of 1.1110 which is based on my previous idea (link below). Also there is an unclosed gap near 1.1120 and tomorrow is a perfect moment for closing it. SL: 1.1030 TP: 1.1500 Shorts...
I'm sorting this pair and its clear on the charts why.
Eurusd have no trend but is fully choppy, as we know that we try to get price action on support or resistance to find a secure trade so it is right time to long with eurusd for short term trading. Eurusd formed a bullish engulfing candle on support zone. so i am taking it long for now, If you found this analyses helpful then please like and follow me for more analysis.
Possible Bullish Butterfly forming near key resistance of 1.1350. Shorted 1.1350, targeting 1.1230, SL: 1.1370 Entry for a long: 1.1230, TP1: 1.13, TP2: 1.14500
Looks like the market will prepare the rate hike next week... My entry points for a long position: now or 1.1230. SL: 1.12 TP1: 1.1291, TP2: 1.1300, TP3: 1.1320 My entry points for a short position: will place a sell limit order at 1.1300 SL: 1.137 TP1: 1.1200; TP2: 1.1160, TP3: 1.1110 Once there, will review the market once again.