On the daily time frame we have a possible 5-Elliot wave formation, with the 5th impulse on a 1.217 extension. Price is currently sitting around the monthly and weekly resistance level (1.200). We can possibly trade the correction wave to the downside on PA confirmation. We have multiple possible trade setups for different strategies and styles of trading. We have...
Pontential sell opportunity to sell EURUSD due to Double top Formation on H4! watch it carefuly
im expecting a downside move to the 1.11600 zone First Target: 1.13200 Enjoy...
Looks like we are approaching a good place to sell. If the top of this channel breaks, then the top purple line will be the selling point.
Been waiting for a short on this pair for theeeee longest. Watching to see if this becomes a reality :) Let me know your thoughts! #PrayHustleProsper
Good morning traders. This is an update for the daily key levels on EURUSD. The momentum is clearly to the downside at the time, however dip buying opportunities may come into play around s2 as there is a confluence of support in that area. The s2 area may even pose a nice intraday buying opportunity, but don't get greedy because any bounce will likely be...
euro about to fall.... at least i believe so.
EU will test a major resistance @ 1.0850. If EU comes back, I will take a short position.
Hello Traders, Today we will share with you guys the FX:EURGBP as it seems to show soon further depreciation towards lower trendline around 0.845-0.85. It currently seems that we see more outflow of capital and profit taking from big investors around the current resistance level. As we believe a further appreciation of the GBP before turning south again in...
We still have a strong downward trend on the EURUSD and with a bullish trump speech i believe we are going to reach January resistance level 1.047 over the last few weeks we have seen a lot of buyers at 1.05 so this is an area you will need to be careful of and i will be looking to take partial profit here as i have been in since 1.065.
We have seen weakness on the dollar index over the last few days giving the euro strength, after looking at the dollar index i believe its starting to form a sideways channel, in the chart you can see the EURUSD is forming a rising wedge in a downtrend on the 4hr chart which is considered incredibly bearish, i believe we are going to see a strong sell off.
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.