Now we are seeing a downtrend on the chart and the pair stopped for correction. The mark of 1.1270 is the level of support and we expect it to be overcome. This correction is a good position to enter the sale, so we advise you to take short positions in the pair and set your take profit near the levels of 1.1250 and 1.1220
REASONS TO SELL: For a few days it struggles to get long. 4h box broke below. Price crossed 50-78 EMAs
This is the 4H chart, big gray highlghted area is daily resistance plus a big 0.618 Fib Level. 4H broke the trendline, awaiting a retest, and then straight to the 1.12000 zone!
The pair approached the support level of 1.1270 and is trying to overcome it again. On the chart, we observe that the price has already tested this level and returned to it. Technical indicators point to a sale. We believe that this level will soon be overcome and the price will move to the 1.1210 mark. We advise you to take short positions in the pair, set take...
Sell #EURUSD #FOREX TP: 1.14101 SL: 1.14471 Enjoy and trade safe! #TRADING
EURUSD has failed to break resistence and further decline is likely.
This pair has recorded a tweezer top on the daily, furthermore it has broken below the bullish wedge that was being formed on the 4 hour chart, there is also a head and shoulders pattern being formed on the 1 hour timeframe, I am going to wait for it to break below the head and shoulders pattern and then I shall be going short on the restest.
will be looking for a rejection off the daily resistance, and from my analysis I predict that the price will fall towards the 1 hour support line followed by a few hours of consolidation, good luck traders! - Pauric Finnegan
My bet is that the downtrend will resume, can't see more upside from here until we break above 1.1750 so until then we are shorting rallies. SL 1.15ish TP1 1.1535 TP2 1.1380
4HR Time Frame Price trading in uptrend from 15 August '18 Uptrend exhaustion. To retrace back to .618 level of uptrend and to watch from there. Hidden Bearish Divergence (Reversal) Price= 22 August '18 High 24 August '18 Higher High (Lower High on RSI) Price currently at .618 Fib level of down trend Start 14 June 18 End 15 August 18 Fib level .618 level =...
Price pullback to the structure. Overall EUR still bearish, good place to sell high and take a short.
EURUSD pullback to the structure. Also .618 fib level measured from last swing high. Classic shorting opportunity. stop above swing high at 1.433. targets 1.345, 1.29.. DAn
Short entry will be after the retrace to previous support acting as new found resistance.
Just same logic as EURCAD and EURCHF, taking advantage of riding the possible bearish continuation up to psychological support in the daily and weekly chart @1.155. Setting up a sell stop order with conservative TP @1.5506, with possible extension to 2nd TP @1.5059 depending on how price moves before US NFP news tomorrow. If price breaks past my 2nd TP, this pair...
Our price remained in the corridor. Taking into account the reversal from the upper boundary, we expect testing of the lower level, which is at the mark of 1.1625. In case of breaking through the level and fixing of the price, we expect the continuation of the downward movement and the expansion of the corridor boundaries. We recommend taking short positions and...