We have POW reversal strategy in use here for this trade. Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart also. This strategy is designed...
Hello Traders Monday EUR/USD retraced a bit after a big dump but already price made a local lower low so we expect another drop. Wait for confirmation and manage your account. Thanks for Reading Team Fortuna -RC
Ahead of this week's Federal Reserve interest rate decision. We look at why the markets are turning hawkish on their expectations for the U.S Central bank to raise rates to deal with the high inflation. We look at why this will cause EUR/USD to continue its downtrend when we look at U.S Bond Rates relative to European Bond Rates and how the differential drives...
Hello Traders Due to our previous analyze price did a fake out and broke down. so bearish setup activated. if you want to get a short position wait for proper pullback and 1hr confirmation. Thanks for Reading Team Fortuna -RC
Hello Traders Overall Trend for EUR/USD is bearish but as a corrective wave it's moving inside of a ascending channel. We believe to see another wave upward but we should consider drop possibility too. So wait for breakout or breakdown to execute a position. Thanks for Reading Team Fortuna -RC
Price is looking retesting previous low. Anticipating a move to the upside after retest at 1.16600 to 1.16200 level. If breakout is downwards could consider a double top move towards previous support at 1.11700 level. Please note we are just sharing our thoughts and we encourage anyone to do their own analisys before entering a trade! If you find this idea...
Price is holding below the 200period MA and below the descending trendline resistance showing a bearish momentum continuation. Price is expected to push down to up to the 1st Support in line with the 61.8% and 78.6% Fibonacci extension . This bearish bias is further supported by the stochastic indicator, K% line is bounced away from the resistance level and is...
Price is under a descending trend line and is expected to rise and reverse at 1.180 which is in line with the 61.8% Fibonacci retracement as well as the 161.8% Fibonacci extension level. We can expect the price to take support at 1.17525 which is in line with horizontal swing low support as well as 61.8 % Fibonacci extension. Our bearish bias is further reinforced...
Small profit for eur/usd near 700pips! BUY tp@1.19427 sl@1.17552
Correction in downtrend...Possible ABCD pattern ..Breakout below B will take the pair to D....
As FOMC is coming in today, I looking for a short EURUSD. things already show on chart. thanks.
With the upcoming report today 8:30 a.m. EST NFP, the dollar will show strong support. Strong support on the dollar means short on EUR/USD
Price overbought on 4hr tf, rsi divergence, 1hr support broken. Small correction to 1.22100 expected.
EURUSD - As per the parallel channel it's running around a stiff resistance zone and potential likely to drag down further, showing weakness over a daily and weekly candles as well, with the technical chart patterns also indicating a loss of momentum, My approach will be here to find a selling opportunity. One can go for short sell here around 1.19000 Potential...
Descending wedge forming. Possible shorts on the way. What are your thoughts?
EURUSD has been trending downwards and recently formed a bearish triangle. We're expecting the price to break its corrective structure and continue with the trend.