There are 2 possible situations that I believe are most likely to occur from here. Situation 1 - We either form a double bottom or bounce off of the very key monthly/weekly line of 1.145 before heading higher to around the 1.20 mark. What we would then have is a textbook head and shoulder pattern which would be a very good shorting opportunity. Situation 2 -...
EurUsd has broken the support 1.1560. I think, Its good to go short on eurusd at: 1.1800 - 1.1830 Stop loss 1.1930 Tp1. 1.1550 Tp2. 1.1355
Took some profits of my position yesterday where I went long. Now should be seeing a nice pullback to around 1.17260 (61.8 FIB). We respected the trendline so I'll be going short. I'll be risking around 20 pips for a 100 pips reward. Nice 5 RR ratio.
Hi guys, Based on three timeframes divergence (h4, H1 and M30) I am shorting the pair. My target will be 1.16500 which is a fib level. Do not hesitate to like/comment my ideas if you appreciate them! Best, Jesse
Hey guys, As you can see in my chart, the level of interest 1.2420, according to MP, has been heavily broken by bears. This can suggest that EUR/USD bears are in control and going to push it downwards. Inversely, USD/CHF should benefit from EUR weakness and go north. The trend line you see is from the ZIGZAG indicator and is not a trend line I have added...
- bearish bat pattern - expecting a trend continuation to the downside - broken my position size into 2 and have one entry at the .886 fib and the second entry ( the more aggressive entry) at the Fib confluence ( blue .618 with the white .786) - LL formed, hopefully price will print the LH - RSI is bearish - all the best!
Sell Limit, Stop and Target shown on chart.
Hey guys, Without surprise EUR/USD is going down. According to market profile analysis, the next level which should be tested is 1.2250. I am short, 1.2250 is my 1st target. Trade with care. Jesse
Hey guys, As some of you have noticed, I have published in former publications the double top occurring on the pair. The pair should stabilize around 1.22/1.22400 as there should be a technical support from the double top pattern. Where to go from here ? Given the uncertainties which are linked to Italian elections in early March it could affect the EURO...
Hey guys, I published this weekend the idea of having a double top formation on EUR/USD. It seems the idea has been confirmed. To complete the pattern, I am now looking for the pair to test the 1.22 area which is a strong support. We had an impulse and we are in a correction phase. I am not excluding further down pressure because of DXY rebound and EU...
Perfect 2618 setup on the EURUSD pair. Double topped retraced and ready for short. RSI overbought with signs of divergence. Good RRR 3:1. Long-term bullish EUR. Short term USD can gain some strength. Good Luck
1) Price touched the big falling trendline 2)Price formed a Double Top right at this Trendline 3)RSI confiming a Divergence and indicating that price might go short here I just want to see a break n close through the light blue s/r zone here . I have enough confirmation by the 3 points above for a short now i just need this last push down breaking the structure...
As American news come out, EU will breach 1.2460 lvl. Simply because USD news lately only kill Dollar. Best of luck
major support from 1.2325 2008 crisis served as beautiful rejection for price, and we saw a huge bearish close on the daily. Price is now once again trapped within the ascending channel. Overall trend is still bullish on the daily TF, however, after bouncing from this key level (1.2325) and closing below on the daily, I look for selling pressure and a short entry....
- bearish bat - TP 1,2 and 3 set at .382, .618 and 1 fibs respectively - expect TP 1 to be hit, however 2 and 3 I will have rolling stops on. - considering that I want to place 3 targets, I will wait for a confirmation around the D leg of the pattern. goodluck!